Monday, September 30, 2013

CargonewsXpress - Edition 1519





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- Edition: 1519


Headlines

Virgin CEO slammed for pay rise

Auditors raise red flag for SpiceJet

SATS to operate airport cargo facilities in Oman

Lion Air to fill 'thin' routes with Bombardier C300s

Emirates Airline still in talks over 777X order

China Southern opens new freighter route

Judge suspends order for LAN to leave Argentine hangar

Vietnam Air to buy 19 Dreamliners worth over $4b

Norwegian Air takes Dreamliner out of service after breakdowns

Etihad Rail signs MoU with National Air Cargo

Damco CEO to head Hapag-Lloyd





Contents

Virgin CEO slammed for pay rise
The Australian Shareholders Association has slammed Virgin Australia for awarding its chief executive an 8.23 percent pay hike even as the airline reported another significant loss in the last financial year, reported The Courier-Mail.



Auditors raise red flag for SpiceJet
Budget carrier SpiceJet's auditors have raised concerns about its ability to stay afloat as its operating losses have completely eroded its net worth, reported The Times of India.



SATS to operate airport
cargo facilities in Oman

The government of Oman is to form a joint venture with Singapore Airport Terminal Services Ltd (SATS) to develop and operate state-of-the-art cargo facilities at present airports in Oman as well as new airports.





Lion Air to fill 'thin' routes with Bombardier C300s
Indonesia's Lion Air is looking to fill "thin" routes with Bombardier Inc's C300 jets, as it challenges Malaysia's AirAsia in Southeast Asia's quick-growing market for budget travel.



Emirates Airline still in talks over 777X order
Emirates Airline has received an official offer from Boeing Co over a planned order of its upgraded 777X jet, though the head of the Dubai-based carrier said that the two sides still have to thrash out a number of issues, reported Dow Jones Newswires.



China Southern opens new freighter route
China Southern Airlines has launched a new freighter route to Los Angeles.



Judge suspends order for LAN to leave Argentine hangar
Chilean Latam Airlines Group's LAN Argentina unit won another reprieve from the Argentine government's order to vacate its hangar in the central Buenos Aires airport, reported Dow Jones Newswires.



Vietnam Air to buy 19 Dreamliners worth over $4b
Vietnam Airlines has agreed to buy 19 Boeing Co 787 Dreamliners valued at more than US$4 billion at list prices, according to people familiar with the matter.



Norwegian Air takes Dreamliner out of service after breakdowns
Budget airline Norwegian Air Shuttle is taking one of its brand new Dreamliners out of long-haul service and demanding that Boeing repair the plane after it suffered repeated breakdowns, reported Reuters.



Etihad Rail signs MoU with National Air Cargo
Etihad Rail, the developer and operator of the UAE's national railway network, announced the signing of a Memorandum of Understanding (MoU) with National Air Cargo, a leading freight solutions provider specialising in multimodal sea-to-air



Damco CEO to head Hapag-Lloyd
Hapag-Lloyd, Germany's biggest container shipping line, chose the head of A P Moeller-Maersk's freight-forwarding arm to succeed chief executive officer Michael Behrendt next year as the company attempts to steer its way out of an industry crisis,



 

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Friday, September 27, 2013

CargonewsXpress - Edition 1518





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- Edition: 1518


Headlines

WestJet confirms order for 65 737 MAX planes

Ryanair to launch domestic flights in Poland

SATS to buy terminal operator for $87.7m

Poland's LOT likely to ask for more state funds

Alitalia seeks $209mto avoid bankruptcy

Lion Air interested in Bombardier CS300 jet

United Continental, union reach tentative accord

AirAsia India aims for December launch

Maersk admits growth forecast wrong

DHL Express makes rate adjustments

IndiGo profit surges six-fold to $125m

Viet low-cost carrier orders 92 Airbus jets

Incheon Airport embarks on $4.6b expansion

Asian airlines find new ways to boost earnings

Qantas inks $4m deal to market Tasmania

Fund in bid to controlPort of Brisbane

Polar lanes attracting more ship traffic


Cuba woos Chinese investors with special development zone




Contents

WestJet confirms order for 65 737 MAX planes
Boeing and WestJet announced that they have completed an order for 65 737 MAX airplanes, fulfilling the carrier's letter of intent to purchase the airplanes announced on August 29, reported PR Newswire. The order, valued at US$6.



Ryanair to launch domestic flights in Poland
President of Ryanair Michael O'Leary confirmed that as of September 30 the airline would relocate operations from the Warsaw Chopin Airport to Warsaw Modlin Airport, reported Polish News Bulletin.



SATS to buy terminal operator for $87.7m
Singapore airport services and catering firm SATS said it would buy a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for US$87.7 million, reported Reuters.





Poland's LOT likely to ask for more state funds
LOT Polish Airlines will probably ask the state for more financial aid in October after reviewing its latest financial data, chief executive Sebastian Mikosz said, reported Dow Jones Newswires.



Alitalia seeks $209m
to avoid bankruptcy

Italy's troubled Alitalia airline will seek at least US$209 million in additional funding from its shareholders and an undisclosed sum from its banks in its latest bid to stave off bankruptcy.



Lion Air interested in Bombardier CS300 jet
The head of Indonesia's Lion Air, one of the world's fastest-growing low-cost airlines, expressed interest in buying a larger version of Bombardier's CSeries jet, reported Reuters.



United Continental, union reach tentative accord
Nearly six months after unionised ground workers at United Continental Holdings rejected a new combined labour contract covering workers from both United Airlines and Continental Airlines, the airline and the International Association of Machinists union



AirAsia India aims for December launch
Budget airline AirAsia aims to launch its Indian startup carrier as early as December, after securing a key approval from the nation's government, reported Dow Jones Newswires.



Maersk admits growth forecast wrong
The chief executive of Maersk Line said the company overestimated demand for container shipping, which has proved far more sluggish than the Danish shipping group expected when it ordered billions of dollars of new vessels two years ago, reported The



DHL Express makes rate adjustments
DHL Express has announced a general average price increase throughout Asia Pacific, effective January 1, 2014.



IndiGo profit surges six-fold to $125m
Bucking the loss-making trend of Indian carriers yet again, low-cost carrier IndiGo said it made a net profit of US$125.75 million in 2012-13 — up almost six times from last fiscal's figure of $20.57 million, reported The Times of India.



Viet low-cost carrier orders 92 Airbus jets
Vietnamese low-cost airline VietJetAir has placed an order with Airbus for 92 single-aisle airplanes, with a list price of US$8.6 billion as it seeks to expand beyond its domestic market into neighboring countries and later into northern Asia.



Incheon Airport embarks on $4.6b expansion
South Korea's Incheon Airport has begun a US$4.6 billion expansion to increase its passenger handling capacity 41 percent by 2017, to better compete in an Asian race to become a regional hub, reported Reuters.



Asian airlines find new ways to boost earnings
With Asia's airlines set to enter a third year of slumping profits, premium carriers in the region that were once bastions of earnings strength are now finding more ways to defend their turf, reported Dow Jones Newswires.



Qantas inks $4m deal to market Tasmania
Qantas Airways and the Tasmanian government have struck a three-year deal worth US$4.



Fund in bid to control
Port of Brisbane

Industry Funds Management (IFM) is seeking to take control of Port of Brisbane by buying Global Investment Partners' stake in Australia's third-largest container port by year's end in a deal worth as much as US$844 million.



Polar lanes attracting more ship traffic
Polar shipping lanes that are opening up with the retreat of ice in the Arctic Ocean are attracting more traffic as instability in the Middle East raises concerns about the security of the Suez Canal, reported Chicago Tribune.



Cuba woos Chinese investors with special development zone
Cuban Foreign Trade and Investment Minister Rodrigo Malmierca said Cuba welcomes Chinese investment in its first special development zone, reported Xinhua.



 

Produced by Cargonews Asia
10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong.
Tel: 852-3965 7800
Fax: 852-2508 0255


Contact
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Advertising: octang@cargonewsasia.com.hk
Other enquiry: customer@cargonewsasia.com.hk

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Copyright @2002-2009 Marshall Cavendish Business Information (HK) Ltd. All Rights Reserved.

Intermodal Europe: a visitor programme that has got an industry talking

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Intermodal Europe 2013
wcn

Come and see us on

Stand F18


 
A visitor programme that has got an industry talking


Over 5,000 container transport and logistics professionals will gather in Hamburg in 2 weeks’ time. New products, top speakers and extensive networking are all on the agenda.

Register today for…

Ticket FREE Entrance into the exhibition and conference
Ticket FREE Lloyd’s List Intelligence White Paper
Ticket FREE  Entrance to the Networking Reception
Ticket FREE Hamburg Port Tour
Ticket FREE Appointment setting tool

Intermodal Europe

Register now


 
Get expert knowledge completely free of charge!


The free-to-attend conference will look at every element of the container supply chain. Sessions include:

Action  Freight Rates – this session takes an in-depth look at freight rates affecting the liner shipping and intermodal freight businesses.

Action  Shippers’ Panel – shippers discuss best practice, future predictions and explore their current needs.

Action  Rail Freight Forum - will interoperability reduce costs and improve customer service? Where will business growth be concentrated? These are just some of the questions answered in these sessions.

Action  Technology Forum – explore future developments and the latest technology in expert detail. These sessions are designed to keep you one step-ahead.

Action  Baltic Discussion Panel – a comprehensive look at the Baltic Region and expert analysis on growth areas, shortsea/feeder patterns and key alliances.

Action  Cargo Security - want to find out the safest and most secure ways to move your cargo? The TAPA Security session tells you how.

ActionSee the full conference programme here


 
Looking for the latest products and services?


Over 140 exhibitors will showcase their latest technology and services – it will be an ideal place to source new suppliers and maximise your operations ROI.

Latest product news from exhibitors:

  • Xmetra unveil new hazardous materials leak detector
  • Langh Ship Cargo Solutions will be showcasing their new range of tank containers
  • See Emerson Solutions' new high value cargo monitoring system for the first time
  • Fargo Systems will be presenting their pioneering project with Freight Forwarders

ActionSee the full exhibitor list here


 
Registering today will help you plan your trip

As soon as you register as a visitor you will have access to the connect@intermodal networking tool. It lets you book appointments with exhibitors, create a personalised show diary and add favourite products and sessions.

ActionFind out more here

ActionRegister as a visitor here

Meeting at Intermodal

 
Free white paper worth €399


Intermodal Europe has partnered with Lloyd’s List Intelligence to bring you an exclusive white paper on "RECENT TRENDS IN CONTAINER SHIPPING". To download the white paper (valued at €399) for free simply register as a visitor to Intermodal Europe 2013.

Sarah Bennett

Sarah Bennett, Container Analyst, Lloyd's List Intelligence will also be exploring the white paper in more detail at the free-to-attend Intermodal Europe conference.

See Sarah speak at 12:45 - 13:30, 08 October in the Strategy Theatre

ActionRegister as visitor here
 


 

We look forward to welcoming you to Intermodal Europe in October. For the latest news please visit the show website.

Best regards

Sophie Ahmed
Event Director, Intermodal Events
Tel: + 44 (0) 207 017 5112
Email: sophie.ahmed@informa.com
www.intermodal-events.com


 
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