IATA adopts foundation standard for new distribution capability

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  188 views  |  

The International Air Transport Association (IATA) has announced that the IATA Passenger Services Conference (PSC) adopted a Resolution on a Foundation Standard for a New Distribution Capability (NDC), during a meeting at the World Passenger Symposium in Abu Dhabi recently.  Read More →


SIA places $ 7.5 b order for more A380s, A350s

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  508 views  |  

Singapore Airlines has agreed to order five more Airbus A380s and another 20 A350s for additional capacity growth and fleet renewal. The firm order commitments are valued at US$7.5 billion based on Airbus’ published list prices. Deliveries are due to begin in 2017.  Read More →


Jebel Ali Port expansion on track

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  303 views  |  

The expansion of the Terminal 2 at Dubai’s Jebel Ali Port, which will add one million TEU capacity, is on schedule to open in the first half of 2013, officials said.  Read More →


Evergreen, Hanjin announce Winter program on CEM/CUS Service

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  1,067 views  |  

In response to seasonal drop in market demand, Evergreen Line and Hanjin Shipping have conducted capacity adjustment to the joint CEM/CUS service in fourth quarter of 2012.  Read More →


IMB reports drop in Somali piracy, but warns against complacency

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  228 views  |  

The number of ships signaling attacks by Somali pirates has fallen this year to its lowest since 2009, a report from the International Chamber of Commerce International Maritime Bureau (IMB) revealed today, but IMB warns seafarers to remain vigilant in high-risk waters around Somalia, the Gulf of Aden and the Red Sea. Meanwhile, violent attacks and hijackings are spreading in the Gulf of Guinea.  Read More →


Global marine fuel demand unlikely to recover until 2014

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  908 views  |  

SINGAPORE (Reuters): Global demand for marine fuel is unlikely to recover from near three-year lows until at least 2014, hit by a combination of high oil prices, a battered shipping industry and a global economic slowdown, industry executives said last week. Marine fuel sales in Singapore, the world's top bunker port, dropped 6 percent in September from the previous month to 3.33 million metric tons. That was the lowest since February, when sales dropped to a two-year low of 3.09 million metric tons.  Read More →


Industry group adopts Foundation Standard for New Distribution Capability

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  378 views  |  

The International Air Transport Association (IATA) last week announced that the IATA Passenger Services Conference (PSC) adopted a Resolution on a Foundation Standard for a New Distribution Capability (NDC), during a meeting at the World Passenger Symposium in Abu Dhabi.  Read More →


Markets connecting Asia Pacific to lead global air cargo growth

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  262 views  |  

Boeing believes the global air cargo market will expand at a 5.2% annual rate over the next 20 years. According to the Boeing World Air Cargo Forecast 2012/2013, growth will be driven by world gross domestic product (GDP) that will nearly double over the forecast period. Trade is expected to increase through liberalization of markets and more efficient aircraft and infrastructure improvements will reduce the cost of air cargo.  Read More →


Piracy drops by 54% in Gulf of Aden

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  339 views  |  

Ahead of the upcoming Seatrade Middle East Maritime exhibition and conference, the International Maritime Bureau’s (IMB) Piracy Reporting Centre confirms that pirate attacks off the Somali coast have declined by more than 54%, leading to a softening of insurance premiums for the global shipping community but raising controversy surrounding the use of onboard private armed security contractors.  Read More →


Evergreen launches sixth new 8,452-TEU ship

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  445 views  |  

Ever Libra, the sixth L-type containership of Evergreen Line, was christened by Raymond Lin, the Evergreen Group's Vice Group Chairman, at the Samsung Heavy Industries shipyard last week.  Read More →


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