Friday 18th April 2014

AirAsia in $4 b talks for 50 Airbus A320 jets

Published : 12:02 am  May 28, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  399 views  |  

Reuters: AirAsia is studying a potential $4 billion deal to buy another 50 Airbus A320 passenger jets, its founder told Reuters last week, extending the budget carrier’s dramatic growth, months after it placed a record order for 200.  Read More →


Dubai ‘to be world’s biggest air hub by 2018’

Published : 12:01 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  505 views  |  

Dubai’s advanced infrastructure and high-level of connectivity should help the emirate edge the competition as it steps up its bid to become the world’s largest international air hub by 2018, said a top aviation official.    Read More →


Airlines say carbon law cutting EU off from growth

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  289 views  |  

BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week.  Read More →


Expolanka Freight leads in Asia’s carbon neutral freight and logistics business

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  452 views  |  

Expolanka Freight Ltd was recently awarded a CarbonNeutral Certification by the Carbon Consulting Company thus making it Sri Lanka’s first-ever CarbonNeutral Freight & Logistics Company, and, one of the first in Asia. Expolanka Freight CEO Jagath Pathirane said, “We’re very proud to be a certified Carbon Neutral® Company and Sri Lanka’s first at that.  Read More →


JNPT to take a huge leap forward – massive $ 2.8 b expansion plans to get underway

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  996 views  |  

India’s biggest port, JN Port, which handles India’s 55% container traffic (4.32 million TEU) is set for mega expansion valued at $ 2.8 billion. The Chairman of the port, L. Radhakrishnan, announced that the expansion would be to the tune of 5 times its present capacity thus raising it to 20 million TEUs by the end of the decade. This was necessary to have 30-40 per cent more capacity than demand.  Read More →


Container lines breakeven at current rates – Maersk

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  147 views  |  

COPENHAGEN (Reu-ters): The head of Danish shipping and oil group A.P. Moller-Maersk said on most container shipping lines are probably making breakeven results with freight rates at current levels. Chief Executive Nils Smedegaard Andersen said container freight rates at the end of the first quarter were still at loss-making levels, but had increased since then.  Read More →


SpaceX capsule docks at space station, opens new era

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  207 views  |  

CAPE CANAVERAL, Fla., (Reuters): Astronauts aboard the International Space Station captured the SpaceX Dragon cargo ship and guided the privately owned craft into a docking berth on Friday, opening a new chapter in the U.S. space program.  Read More →


Vallarpadam project hit as dredging contractor stops work

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  210 views  |  

Cargonews Asia: Dubai-based port operator DP World’s plan to bring bigger ships to India’s first international container trans-shipment terminal (ICTT) that it runs at Vallarpadam in Cochin port will be delayed by at least two years after the dredging contractor Mercator Ltd stopped work last week on deepening the channel, reported HNMINT.    Read More →


Maersk dampens hopes for quick freight recovery

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  248 views  |  

Group sees 2012 result “slightly lower” than 2011 Sees container shipping at loss to neutral this year CEO sees hope for further freight rate rises in 2012 COPENHAGEN (Reuters): Danish shipping and oil group A.P. Moller-Maersk dampened hopes for a quick recovery in freight rates, nudging up its 2012 results forecast to a level that would still fall short of its performance last year.  Read More →


Mahinda inspects second stage development at H’tota Port

Published : 12:00 am  May 28, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  516 views  |  

President Mahinda Rajapaksa last week visited the Hambantota Port in the South and inspected the progress of the second stage development at the site. The second phase of the Port of Hambantota project estimated to cost around US$ 750 million will include a container terminal. It is expected to be completed by 2014.  Read More →


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