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- Edition: 1474
Headlines
Contents Delta plans to beef up Asia-Pacific services
Delta Air Lines will continue to invest in the Asia-Pacific, building up its network, with a focus on North Asia, over the next three to five years, reported Business Times Singapore.
Alitalia cuts salaries in deal with unions
Money-losing Alitalia has signed a deal with unions to cut salaries, paving the way for launching a new strategic plan for Italy's flagship airline, reported Reuters.
Boeing gets new orders but still trails Airbus
Boeing Co said Thursday that it had booked orders for seven more of its 737 single-aisle jets, lifting its year-to-date deals to 505 planes, reported Dow Jones Newswires.
Felixstowe doubles rail capacity
The Port of Felixstowe has officially opened a new rail terminal which doubles rail capacity at Britain's biggest container port.
Shanghai container volume up 3.4% in May
Container volume at Shanghai Port rose 3.4 percent in May from a year earlier, down slightly from four percent growth in April, data issued by the port's operator showed, reported Reuters. Container throughput reached 2.
China firm to build
Panama alternative
Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications.
UTi swings to Q1 loss on weak demand
UTi Worldwide swung to a surprise loss in the fiscal first quarter, its second consecutive quarter in the red, as the freight-forwarding company continues to grapple with weak demand, reported Dow Jones Newswires.
Delta's Anderson new IATA chairman
The International Air Transport Association (IATA) has appointed Richard Anderson, CEO of Delta Air Lines, chairman of the IATA board of governors.
China consortium clears ILFC deposit hurdle
AIG's sale of its airplane-leasing business to a Chinese consortium overcame a key financing stumble and has likely cleared a major US regulatory hurdle as well, but questions about the deal's future persist, reported Reuters.
| | Shun Tak buys stake in HK budget carrier
Stanley Ho's shipping and property arm is buying a third of Jetstar Hong Kong, raising hopes that the budget airline will secure regulatory approval to start flights now that a local partner is in place, reported Dow Jones Newswires.
China Cargo Airlines joins SkyTeam
China Cargo Airlines joined SkyTeam Cargo officially on Wednesday at the Munich Trade Fair Centre, becoming the 11th member of the world's only air cargo alliance, reported Xinhua.
Air New Zealand boosts Virgin Australia stake
Air New Zealand has raised its stake in Virgin Australia to 23 percent, becoming the domestic airline's biggest shareholder as it battles Qantas Airways for a greater share of Australia's local travel market, reported Dow Jones Newswires.
Air France plans new cost-cutting measures
Air France-KLM plans additional cost-cutting measures in the cargo and short and medium-haul businesses of its French unit in September, Air France chief executive Alexandre de Juniac said in an interview with Les Echos.
CMA CGM raises rates
on Asia-Europe routes
Container-shipping group CMA CGM is raising prices on Asia-Europe routes and adding bigger ships despite a global glut in capacity.
Savannah gets four new super cranes
Four massive new ship-to-shore cranes arrived at Georgia Ports Authority's Garden City Terminal today, bringing the total number of electric-powered container cranes to 25 – the most of any single terminal in the US.
Essar Ports, Adani vie for east coast projects
Two of the country's largest port operators — Essar Ports and Adani Ports and Special Economic Zone — have been vying to take control of port projects on the east coast that promise better growth potential than the ones on the west coast, reported The
Lines to make profit in second half, says Nomura
Container shipping companies could start making a profit as soon as the second half of 2013, said Nomura in a research note, reported Business Times Singapore.
ICTSI selects Hamburg expert to deploy automated expertise
International Container Terminal Services Inc (ICTSI) has appointed Hamburg Port Consulting (HPC) to deploy its terminal automation expertise in conjunction with a number of projects, including new business opportunities, where the deployment of high-end
Rakuten to buy US firm to expand e-commerce business
Japanese firm Rakuten Inc will buy American logistics company Webgistix to secure its own distribution network for online market operations in the US, according to Nikkei Report.
DB Schenker to launch 'Bosporus Shuttle' in September
Starting in September 2013, DB Schenker Rail will be offering a new service known as the "Bosporus Shuttle" with three pairs of trains between Germany and Turkey each week. This number will later be increased to five pairs of trains.
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