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  |  261 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 →


Mihin Lanka opens new office in Dubai

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  2 Comments  |  1,535 views  |  

Sri Lanka’s budget carrier Mihin Lanka last week opened its new office in Dubai, United Arab Emirates. Chief Guest was Sri Lanka’s Ambassador in UAE Sarath Wijesinghe  Read More →


India suspends Kingfisher Airline’s licence

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  243 views  |  

Full cancellation of licence unlikely – source Licence suspended until turnaround plan approved Airline has been grounded since start of month    Read More →


German Court convicts 10 Somalis of piracy

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  203 views  |  

HAMBURG, Germany (Reuters):Ten Somalis were given jail sentences of up to seven years on Friday for hijacking a cargo ship, in Germany's first modern-day piracy trial.  Read More →


Evergreen hikes rate for round trip on Far East/Indian Sub-Continent to Europe and Mediterranean Trade

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  219 views  |  

In a continued effort to provide customers with the reliable and efficient level of service, Evergreen Line has announced the implementation of rate restoration program from NOV/01/2012 for round trip between Far East (including Japan) / Indian Sub-Continent and Europe / Mediterranean Trade.  Read More →


DHL Express expands L ankan retail footprint with three new services points

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  793 views  |  

DHL the world’s leading international express services provider, recently opened three new DHL service points in Negombo, Maharagama and Ratnapura, increasing its retail foot print to 19 across the island.  Read More →


IATA calls for collaborative approach to boost efficiency

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  197 views  |  

The International Air Transport Association (IATA) last week called upon aviation stakeholders to work together to create greater value for customers across the travel experience while enabling greater efficiency for industry participants.  “Airlines expect to carry some 3 billion passengers in 2013. And that number will double by 2030. Connectivity is a critical component of modern economies. Serving that growing demand will require innovation. We need to understand what consumers expect and what they value enough to pay for. Aviation is team effort. And that is a challenge for all industry stakeholders.  Read More →


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