Poland lends flag carrier LOT $130 m to keep flying

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  915 views  |  

Reuters: Poland has agreed to give its ailing flag carrier LOT a 400 million zlotys ($130 million) loan to prevent the airline from succumbing to its continuing losses and mounting debts. LOT, one of the world’s oldest airlines, warned last month it needed the state aid and would likely seek more after warning its workers it would again be deep in the red this year.  Read More →


Evergreen to receive eighth new 8,452-TEU ship Ever Leader

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  477 views  |  

Ever Leader, the eighth L-type containership of Evergreen Line, was christened by Bronson Hsieh, the Evergreen Group’s Second Vice Group Chairman, at the Samsung Heavy Industries shipyard last week. The ceremonial rope cutting for the new 8,452-TEU vessel was performed by Mrs. Sook-Je Lee in a ceremony attended by dignitaries from Taiwan and abroad.  Read More →


Beijing retains position as world’s second busiest airport in 2012

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  758 views  |  

BEIJING: The Chinese capital retained its position as the world’s second busiest airport in 2012 just behind a US airport by handling 81.8 million people last year.  Read More →


German regulator asks banks to scrutinise shipping loans

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  473 views  |  

Reuters: German regulator BaFin has written to auditors and banks asking them to scrutinise their exposure to shipping loans as they prepare annual earnings reports for 2012, four financial sources familiar with the matter said last week. The formal request was made in a letter sent late last year, shortly before Hamburg-based HSH Nordbank said it would raise loan loss provisions to match increased levels of default on ship loans.  Read More →


Dry bulk shipping market could bottom in 1Q

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  793 views  |  

OSLO (Reuters): The dry bulk shipping crisis, which has already bankrupted several major players, could bottom out in the first quarter, earlier than some players expect, Herman Billung, the head of dry bulk shipper Golden Ocean said last week. The market could hit its bottom following the Lunar New Year in February, then improve slowly but gradually before marked improvement toward the end of the year, said Billung, who runs shipping tycoon John Fredriksen's dry bulk arm.  Read More →


Dubai opens new A380 airport terminal

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  438 views  |  

Dubai Airports on Wednesday announced the phased opening of Concourse A, the world’s first A380 facility at Dubai International’s Terminal 3. The airport operator said four of its 20 contact gates were brought into operation on Wednesday with Emirates Airline’s EK 003 flying from Dubai to Heathrow becoming the first flight to use the facilities.  Read More →


13 major Indian ports workers to join nationwide strike

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  546 views  |  

CHENNAI: Workers and employees at 13 major ports are to join in a nationwide strike on February 20 and 21 to oppose corporatisation of major ports, and demand the need to fill up all those vacancies at ports that are vacant since 2007. The strike call was announced by the union leaders of major ports’ workers after a meeting held in Chennai on Friday. A strike notice will be served on February 4 through the federation affiliates at all major ports, says a joint statement issued by the federations.  Read More →


Foreign port operator to quit Syria as civil war worsens

Published : 12:00 am  January 7, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  259 views  |  

Reuters: Philippines-based International Container Terminal Services (ICTS) is pulling out of operating Syria’s Tartous container port in another sign of trade being hit by the worsening violence of the country’s civil war. ICTSI, which signed a 10-year agreement in 2007 with Syria to operate and manage the container terminal at Tartous, said it had withdrawn all of its Filipino employees from the country.  Read More →


Ennore Port reviving box terminal plans, invites EoIs for PPP model

Published : 12:03 am  January 2, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  534 views  |  

CHENNAI: Ennore Port Ltd. is reviving the development of a container terminal after the earlier private terminal operator – Bay of Bengal Container Terminal consortium – had to be terminated in October over delay in finalising funds. The EPL has invited expression of interest (EoI) from companies who would like to take up the project on a public-private-partnership mode.  Read More →


Colombo Dockyard completes extensive repairs of China Harbour Engineering’s dredger

Published : 12:03 am  January 2, 2013  |  Category: Shipping / Aviation  |  Leave a Comment  |  3,928 views  |  

Colombo Dockyard was the best repair option for China Harbour Engineering Co. Ltd. China owned trailer suction Dredger Jun Hai 2 (GRT 10,751) was due for her dry docking and survey repairs. This dredger Jun Hai 2 was deployed in the Colombo South port development project in Colombo.  Read More →


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