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- Edition: 1499
Headlines
Contents Incheon group to build new Myanmar airport
A consortium led by South Korea's Incheon International Airport Corporation has been chosen as the preferred bidder to build a new international airport in Myanmar, South Korea's Land Ministry said, reported Reuters.
Setback for Chennai as key road project shelved
In a major setback to the city's road infrastructure and the Chennai port's revenue dreams, the National Highways Authority of India (NHAI) has decided to shelve the Chennai port-Maduravoyal expressway by closing the US$298.
Fund plans to offload stake in Port of Brisbane
Specialist infrastructure fund Global Infrastructure Partners is exploring the sale of its stake in one of Australia's largest container ports, according to people familiar with the matter, reported The Wall Street Journal. GIP's 26.
Fierce battle looms
between UK ports
The battle between Britain's biggest container port, Felixstowe, and the new London Gateway Port which will come on stream in November, is hotting up with a new study claiming that moving a container through Felixstowe is cheaper than moving it via the
Kerry takes over Mexican forwarder
Kerry Logistics, a global logistics service provider, has acquired a majority stake in Cargo Master's Group (CMG), a Mexico-based logistics and freight forwarding company, with a domestic network of six offices throughout the country, including
Freightways full-year profit up 9%
New Zealand courier and data management company Freightways reported a nine percent rise in full-year profit, and reiterated that it expects a higher result in the coming year, reported Reuters. Freightways posted a net profit of US$32.
Swisslog gets $62m order from UK retailer
Logistics company Swisslog has received a US$62.11 million order from discount retailer Home Bargains, part of UK group TJ Morris, giving a big boost to its retail portfolio, reported Reuters. Swisslog, which had sales of $704.
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