Shipping / Aviation

Hong Kong port looks to ride out container shipping turmoil

Views - 13 Monday, 18 September 2017 10:30

LONDON (Reuters): Hong Kong’s port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector.

National Chamber hosts seminar on ‘Quarantine procedures on exports and imports’

Views - 42 Monday, 18 September 2017 10:29

The National Chamber of Commerce recently held a seminar on ‘Quarantine procedures on exports and imports’. High ranking officials from the National Plant Quarantine Service gave very enlightening and valuable information on the strict measures a

CILT partners Hinrich Foundation for talent development program

Views - 8 Monday, 18 September 2017 10:29

The Hinrich Foundation is a non-profit organisation dedicated to promoting sustainable global trade. The foundation provides career development opportunities for talented individuals in emerging Asia through the Global Trade Leader Development progra

Green light to COSCO-OOCL deal

Views - 18 Monday, 18 September 2017 10:28

China’s State owned Assets Supervision and Administration Commission (SASAC) has approved the bid from COSCO Shipping Holdings Co to take over Orient Overseas (International) Ltd.

CMA CGM confirms order for giant ships as market upturn lifts profits

Views - 12 Monday, 18 September 2017 10:27

PARIS (Reuters): CMA CGM, the world’s third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels.

Air Berlin’s administrator takes in bids from Lufthansa, others

Views - 9 Monday, 18 September 2017 10:24

BERLIN (Reuters) - Lufthansa and several other parties had put in bids for parts of Air Berlin by th

India invites bids to appoint banks, lawyers for Air India sale

Views - 8 Monday, 18 September 2017 10:23

NEW DELHI (Reuters): India has invited bids to appoint two financial advisors and one legal advisor for the privatisation of national carrier Air India and its subsidiaries, the Ministry of Finance said in a newspaper advert last week.

South African Airways to shrink services as part of revamp

Views - 6 Monday, 18 September 2017 10:23

CAPE TOWN (Reuters) - South African Airways will fly 23% fewer flights by the end of the year as it retires five aircraft, the national carrier said last week, part of a revamp aimed at returning to profit. Loss-making SAA, which flies one of Africa

Malaysia Airlines signs MOU for 16 Boeing aircraft

Views - 8 Monday, 18 September 2017 10:22

Malaysia Airlines has signed a Memorandum of Understanding with Boeing for 16 airplanes. The MOU converts eight of Malaysia Airlines’ existing order for Boeing 737 MAX aircraft into eight 787-9 Dreamliners and includes eight additional purchase rig

Qatar Airways Cargo to launch flights to Pittsburgh, Pennsylvania

Views - 5 Monday, 18 September 2017 10:22

Pittsburgh will be Qatar Airways Cargo’s fifth freighter destination in the Americas launched this year.

Global air freight demand soars to double-digit growth in July

Views - 3 Monday, 18 September 2017 10:21

The latest global air freight data from IATA shows that demand, measured in freight tonne kilometres (FTKs), increased by 11.4% in July 2017 compared to the same period a year ago.

South Asia Maritime and Logistics Forum takes off in grand scale

Views - 140 Monday, 18 September 2017 09:06

History was created on 7 September, when two countries of South Asia, India and Sri Lanka private sector industry leaders launched the first ever South Asia Maritime and Logistics Forum (SAML Forum) in Mumbai, India. Over 250 delegates from, India, S

CASA discusses regulations and policy with Director General of Merchant Shipping

Views - 20 Monday, 18 September 2017 08:25

The Chairman and the Executive Committee of the Ceylon Association of Shipping Agents (CASA) met with the Director General Merchant Shipping, A.W. Seneviratne, to discuss the regulations and policy governing the maritime sector recently.

Cathay Pacific finalises order for 32 Airbus A321neo aircraft

Views - 6 Monday, 18 September 2017 08:20

Cathay Pacific has finalised an order with Airbus for 32 A321neo single-aisle aircraft.

JCT commemorates ceremonial berth of Pendulum Express Lines inaugural call M.V. Amalthea at Colombo

Views - 21 Wednesday, 13 September 2017 00:00

Hong Kong-registered Pendulum Express Lines’ (PEL) MV Amalthea berthed its maiden voyage at Jaya Container Terminal in Colombo, Sri Lanka recently.

World’s 1st fully automated container terminal now equipped

Views - 40 Wednesday, 13 September 2017 00:00

Kalmar and Navis, parts of Cargotec, have delivered the first OneTerminal automation solution to International Container Terminal Services Incorporated (ICTSI) at the Port of Melbourne, Australia.

Dockyard lays keel for its biggest ever $53 m shipbuilding contract

Views - 43 Monday, 11 September 2017 00:25

Colombo Dockyard PLC, Sri Lanka’s premier ship repair and shipbuilding facility has obtained its first-ever contract from a Japanese company, Kokusai Cable Ship Co. Ltd. (KCS) and marked the keel laying ceremony to construct its foremost cable layi

Qatar says new $ 7.4 b port will help circumvent Arab sanctions

Views - 18 Monday, 11 September 2017 00:23

HAMAD PORT, Qatar (Reuters): Qatar inaugurated a new $7.4 billion port along its Gulf coast last week that officials said would become a regional transport hub and help shield its economy against sanctions enforced by neighbouring Arab states.

Amãna Takaful comes to the rescue of sunken vessel off Hambantota port

Views - 14 Monday, 11 September 2017 00:19

Amãna Takaful with a rich history of over 18 years in the Sri Lankan insurance industry has been the pioneer of the ‘Takaful way’ and has been instrumental in introducing many ‘one of a kind’ insurance solutions to their loyal and trusted cl

Strong growth in BRICS countries’ trade in 2017: Maersk

Views - 8 Monday, 11 September 2017 00:06

COPENHAGEN (Reuters): Trade between the BRICS countries, Brazil, Russia, India, China and South Africa, has grown strongly this year, figures from the world’s largest container shipper showed last week.

Australia’s Qantas drops Dubai stop for Singapore in shakeup of Emirates deal

Views - 90 Monday, 11 September 2017 00:03

SYDNEY (Reuters): Australia’s Qantas Airways will not fly to Emirates’ Dubai hub from next year and instead re-establish its Singapore stopover, redrawing a five-year-old alliance with the Gulf carrier to focus on Asian demand.

Loss making PIA appoints new CEO

Views - 9 Monday, 11 September 2017 00:00

KARACHI, Pakistan (Reuters): Loss-making Pakistan International Airlines (PIA) last week named Musharraf Rasool Cyan as its new chief executive, entrusting him with turning around the national carrier’s fortunes after a turbulent year.

India bars ‘unruly’ passengers from flying for 3 months to over 2 years

Views - 6 Monday, 11 September 2017 00:00

NEW DELHI (Reuters): India has issued new norms barring unruly passengers from flying for a minimum of three months to more than two years depending on the nature of the misdemeanour, the government said on Friday.

Turkey’s Celebi keen to buy Air India’s ground handling unit

Views - 10 Monday, 11 September 2017 00:00

NEW DELHI (Reuters): Turkey’s Celebi Aviation Holding has shown interest in buying state-owned Air India’s ground handling operations, India’s aviation secretary Rajiv Nayan Choubey said on Friday.

New GM for Turkish Airlines in Sri Lanka

Views - 16 Monday, 11 September 2017 00:00

Murat BAYDAR has taken over as the new General Manager for Turkish Airlines in Sri Lanka effective from 1 September.

Cathay Pacific to boost passenger, cargo capacity in India with bigger planes

Views - 7 Monday, 11 September 2017 00:00

NEW DELHI (Reuters): Hong Kong’s Cathay Pacific Airways, under pressure from mainland Chinese carriers, plans to increase its passenger and cargo business in India where yields are holding up better than at home, a senior company executive told Reu

EU approves insolvent Air Berlin’s 150 m euro lifeline

Views - 9 Monday, 11 September 2017 00:00

FRANKFURT (Reuters): The European Commission last week approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for its assets.

Qatar Airways Group Chief Executive elected Chairman of IATA’s Board of Governors

Views - 10 Monday, 4 September 2017 00:00

DOHA, Qatar: Qatar Airways Group Chief Executive Akbar Al Baker, has been elected Chairman of the Board of Governors (BoG) of prestigious global aviation industry body International Air Transport Association (IATA), effective June 2018.

First Airbus A320 built in US takes flight

Views - 10 Monday, 4 September 2017 00:00

The first Airbus A320 aircraft to be produced at the Airbus US Manufacturing Facility in Mobile, Alabama, has flown for the first time.

Surge in air cargo demand adds heft to Asian airline earnings

Views - 9 Monday, 4 September 2017 00:00

SINGAPORE (Reuters): A resurgence in air cargo demand is bolstering earnings at Asian airlines and is set to remain particularly robust all year, a boost for many carriers as fierce competition squeezes margins in their mainstay passenger operations.

Today's Columnists

Media Freedom: alive and not so well… is it?

Friday, 22 September 2017

Today the only corpses in sight are those lining the bullpen – critics and social commentators who have fallen asleep at their desks, lulled by a democracy that offers peace but pre-empts justice. Oscar Wilde,

Rise of sustainable electric automobiles and the end of petrol and diesel vehicles

Friday, 22 September 2017

The past three years have been the hottest in recorded history and 2017 is already projected to be hotter than 2016! The cause for this heating up of the planet is clearly due to the excessive burning of fossil fuels.

The cry of ‘export or perish’ becoming real to Sri Lanka

Friday, 22 September 2017

Prime Minister Ranil Wickremesinghe speaking at the International Organization of Securities Commissions (IOSCO) Annual Committee held in Colombo said for Sri Lanka to promote exports and investment, the Government will soon introduce several laws in

Why are interest rates high?

Thursday, 21 September 2017

The general public is concerned about the high level of interest rates prevailing in the recent past. Interest rates influences the day-to-day life of ordinary people as it is the benchmark for all economic decisions.

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