Maersk Line cuts further capacity on the Asia-Europe trade on low demand

Published : 12:00 am  October 22, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  449 views  |  

In view of declining demand on the Asia-Europe trade, Maersk Line is further reducing capacity by removing the AE5 service permanently and suspending the AE9 service until early December 2012.  Read More →


Sri Lanka urged to rapidly move on to e-Bill of Lading

Published : 12:00 am  October 16, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  624 views  |  

Ranjana Kaviratne, addressing a large gathering of industry executives at a training program organised by the Shippers’ Academy Colombo (SAC), extensively talked about simplifying documents and urged the industry to move towards e-bills of lading for international trade and transportation. “We hear ‘e’ everywhere. Even kids know what ‘e’ is. However, one cannot be that happy with the speed of move to ‘e’ by the shipping trade in Sri Lanka. When we speak of development, it should also go hand-in-hand with the improvements in technology.  Read More →


Colombo Dockyard delivers ‘Greatship Rachna’

Published : 12:00 am  October 16, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  727 views  |  

Colombo Dockyard PLC (CDPLC) successfully delivered the second of a series 3 Platform/ROV Support Vessels (ROVSV) for Greatship Global Offshore Services Pte Limited of Singapore, at the auspicious time of 10:08 a.m. on 12 October 2012.  Read More →


Hemas and Mercantile Shipping float ‘MercMas’

Published : 12:00 am  October 16, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  1,154 views  |  

Begins maritime service operations with the launch of crew boats in Galle H&M Shipping Services (Pvt) Ltd., a joint venture between Hemas Transportation Ltd and Mercantile Shipping Company PLC, has launched their brand new crew boats MercMas I and MercMas II at a colourful ceremony in Galle.  Read More →


Improved performance cushions fall in profits for airlines: IATA

Published : 12:01 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  332 views  |  

Global body revises upward the outlook for 2012 but says margins and profits remain weakThe International Air Transport Association (IATA) last week announced an upward revision to its global aviation outlook for 2012. The fall in airline profits from the $8.4 billion that the industry earned in 2011 will be cushioned by improved airline performance. Airlines are expected to earn $4.1 billion in 2012 (up $1.1 billion from the $3.0 billion forecast in June).  Read More →


Bollore aims to double Abidjan port container capacity by 2015

Published : 12:00 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  457 views  |  

ABIDJAN (Reuters): French industrial conglomerate Bollore plans to spend up to $79 million by 2015 to double capacity at the container terminal it manages at Ivory Coast’s main port of Abidjan, the head of the group’s Africa division said.  Read More →


PSA goes for $ 2.8 b expansion as S’pore bets on more trade

Published : 12:00 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  955 views  |  

SINGAPORE: Singapore is planning an ambitious expansion of its container port capacity, betting that global trade will pick up in coming years and that the country can weather a continued challenge from ports in Malaysia.  Read More →


Industry park to drive Abu Dhabi’s $ 7 b new port

Published : 12:00 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  366 views  |  

ABU DHABI (Reuters) – Abu Dhabi’s new Khalifa Port, built at a cost of $7.1 billion, expects to reach an initial target for container handling capacity in five years on the back of a growing industrial park nearby, a top executive of the management company said.  Read More →


Singapore to consolidate all container port activities at Tuas

Published : 12:00 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  713 views  |  

Singapore will work towards consolidating all container port activities at Tuas over the long term as recommended by Singapore’s Economic Strategies Committee.  Read More →


Bright side of the three Cs of shipping

Published : 12:00 am  October 15, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  243 views  |  

Taking a prescriptive look at the unique challenges facing India’s maritime industry, the eighth India Shipping Summit drew to a highly stimulating close last week in Mumbai. Against the backdrop of sharp falls in freight rates, oversupply of tonnage, the slower rate of growth in India and the global economic depression, there were many positive perspectives put forward by the participants.  Read More →


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