Jet Airways returns to profit in 1Q

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  650 views  |  

India’s largest airline group, Jet Airways (9W) has returned to the black in the first quarter with a net income of INR52.7 billion ($948.5 million), up 31.4% from the year-ago period. The group comprises Jet Airways and Jetlite, and operates a combined fleet strength of 121 aircraft. Net profits after tax grew to INR247 million against a loss of INR1.6 billion last year.  Read More →


Hapag-Lloyd effects rate hike

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  674 views  |  

Hapag-Lloyd will increase rates effective 3 September in the trade from India (zone one) and Pakistan to North Europe and the Mediterranean by USD 200 per TEU. Applicable for all shipments from India (zone one) and Pakistan to all North Europe and Mediterranean (excluding South and West Africa) destinations.  Read More →


GMR’s Maldives airport project flies into rough weather

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  339 views  |  

Indian corporate giant GMR’s $500 million Male airport project has run into rough weather, as Maldives government has temporary halted work on a new terminal building and the company has moved an arbitration court in Singapore over development charges.  Read More →


MV Brilliant dry docking repairs completed in Colombo

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  1,230 views  |  

The Greek owned and managed 12,269 DWT container carrier called in for her dry docking and lay up repairs in July 2012. Goldenport Ship Management a subsidiary of Goldenport Holdings Inc., a London Stock Exchange listed company owners/ managers to over 20 bulk and container vessels selected Colombo Dockyard on the reputation for quality repairs in the market and minimal diversion from her trading route.  Read More →


Hayleys Advantis honours high flyers at awards gala

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  363 views  |  

Top performers among the staff of the subsidiaries and shared services units of Hayleys Advantis Limited, the transportation and logistics arm of the Hayleys Group were honoured recently at a gala awards night at Waters Edge. A dozen individual awards and eight team awards were presented at the event under seven awards categories – service excellence; innovative ideas; significant contributions to environment, health and safety; leadership; team spirit; success stories and other achievements.  Read More →


DHL upgrades direct LCL UAE-China service

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  489 views  |  

DHL Global Forwarding has announced the launch of additional direct less than container load (LCL) service from Shanghai to Dubai, making it the second direct LCL service to connect China and the UAE. This new trade lane also extends to some other major cities in the Middle East such as Doha and Kuwait City. Dubai-based importers now have two sailings to choose from, allowing their exports to reach the Middle East in either 17 or 19 days, a statement from the Deutsche Post DHL unit said.  Read More →


New report underlines Daily Maersk reliability

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  431 views  |  

A new research report confirms the Asia-Europe product ‘Daily Maersk’ is a powerful differentiator for Maersk Line as it continues to lead global container shipping lines in reliability. The report, a joint effort between ecommerce network provider INTTRA and container shipping analyst SeaIntel, examined the performance of the top 20 container lines in schedule reliability.  Read More →


NOL posts 6th straight quarterly net loss

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  219 views  |  

Reuters: Singapore’s Neptune Orient Lines, the world’s seventh-largest container shipping firm, reported its sixth consecutive quarterly net loss mainly due to one-time charges for restructuring and vessels held for sale.  Read More →


Air Arabia Q2 net profit up 31 pct

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  193 views  |  

Focus on under-served routes helped profits – Chairman DUBAI (Reuters): UAE budget carrier Air Arabia’s quarterly net profit rose 31 per cent last week beating analyst forecasts, as the airline boosted flights on little-served routes to India and the Gulf Arab region, lifting passenger numbers. The airline said it had second quarter net attributable profit of 65 million dirhams ($17.7 million) for the period ended June 30, up from 49.6 million Dirhams a year-ago.  Read More →


Cathay Pacific posts worst first-half loss since 2003

Published : 12:00 am  August 13, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  207 views  |  

HONG KONG (Reuters): Cathay Pacific Airways, the world’s largest air freight carrier, posted its worst first-half loss since 2003, weighed down by high fuel and maintenance costs, fewer premium passengers and weak cargo demand. The global airline industry is grappling with economic uncertainty in Europe and the United States that has weighed on passenger and cargo traffic, and hurt some of the big players such as Cathay’s regional rival Singapore Airlines.  Read More →


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