Maersk raises 2012 outlook on freight rate recovery

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  256 views  |  

COPENHAGEN (Reuters): Shipping and oil group A.P. Moller-Maersk raised guidance for 2012 earnings last week on prospects of a further recovery in container freight rates after its Maersk Line swung back to profit in the second quarter. The global shipping industry has been hit by weak demand due to the world economic slowdown and an oversupply of vessels in the last four years, but Maersk said freight rates had risen and it expected higher average rates in the second half of the year.  Read More →

Evergreen to launch Yangon feeder service

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  203 views  |  

In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (SYS) from late August.  Read More →

Asia Pacific airports record 8.5% increase in passenger traffic in 1H

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  217 views  |  

Asia Pacific airports showed a remarkable rebound from 2011 and recorded a strong +8.5% increase in passenger traffic in the first half of 2012 compared to the same period last year. According to the latest ACI Passenger and Freight Flash Reports, the Middle East outperformed other regions in the world with an enviable growth of +13.2% year-on-year in passenger traffic.  Read More →

Thai Airways International takes delivery of brand new Boeing 777-300ER

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  237 views  |  

Thai Airways International has taken delivery of the first of eight brand new Boeing 777-300ERs being leased from Singapore’s BOAC. The new B777-300ER aircraft, which you can see in the short HD video below, features Thai Airways’ new cabin interior design, IFE system and seats. The aircraft is the first in the airline’s 2011-2017 corporate plan for aircraft acquisition, and will replace less fuel efficient decommissioned aircraft.  Read More →

Airlines lose bid for strike damages in German court

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  247 views  |  

Reuters: Airlines Deutsche Lufthansa , Ryanair and Air Berlin failed in a bid to claim 3.25 million euros ($4 million) in compensation from the German union of air traffic controllers (GdF) for threatening to strike last summer. The GdF called for two six-hour strikes in August 2011 during the busy summer holiday season to put pressure on their employer, the DFS air traffic controllers’ authority, in wage negotiations.  Read More →

SIA to celebrate A380’s fifth anniversary with delivery flight contest

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  193 views  |  

Singapore Airlines has launched a contest for a once-in-a-lifetime chance to be on the delivery flight of SIA’s 19th Airbus A380 from Toulouse, France in early September. The winner of the lucky draw and a guest of his or her choosing will be flown to Airbus’ headquarters in Toulouse from any point in the SIA network. In Toulouse, the pair will enjoy two nights’ accommodation, a half-day tour of the city, and dinners hosted by SIA and Airbus. They will also be treated to an exclusive tour of Airbus’ production centre, before boarding the superjumbo aircraft for its delivery flight to Singapore.  Read More →

Hapag-Lloyd seen set for growth after ownership change

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  239 views  |  

Reuters: Hapag-Lloyd, the world’s No.5 container shipping company, has a good chance of increasing its market share now that a change in ownership has returned its focus to longer-term strategic planning, one of its main shareholders said. “The new chairman, (Juergen) Weber, has started to address strategic issues more, which was not the case with TUI,” said entrepreneur Klaus-Michael Kuehne, referring to the tour operator which formerly had sole ownership of Hapag-Lloyd.  Read More →

Cebu Pacific takes delivery of 39th Aircraft

Published : 12:00 am  August 20, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  239 views  |  

Cebu Pacific has taken delivery of its 39th aircraft, an Airbus A320, as part of its expansion plans in the Asia Pacific region. The aircraft is CEB’s 21st Airbus A320. The airline’s fleet also comprises 10 Airbus A319 and 8 ATR 72-500 aircraft. Between 2012 and 2021, Cebu Pacific will take delivery of 21 more Airbus A320 and 30 Airbus A321neo aircraft orders. It is slated to begin long-haul services in the 3rd quarter of 2013, with the arrival of 4 Airbus A330 aircraft from 2013 to 2014.  Read More →

CMA CGM in US-Asia rate restoration initiative from Oct.

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  694 views  |  

As costs of bunker fuel, logistics and M&R continue to rise to record levels and to close the gap between breakeven and market rates, CMA CGM has decided to file a Rate Restoration Initiative (RRI) for reefer containers from the United States to Asia, effective 1 October. The above Rate Restoration Initiative will be applied as follows:  Read More →

Evergreen Line’s newest containership Ever Lambent named in Korea

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  1,410 views  |  

Ever Lambent, the first L-type containership in the Evergreen Line fleet, was christened by Evergreen Group Chairman and founder Dr. Chang Yung-fa at the Samsung Heavy Industries shipyard recently. The ceremonial rope cutting for the new 8,452-TEU vessel was performed by Mrs. Lee Yu-mei. The ceremony was attended by dignitaries from Taiwan and abroad.  Read More →

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