Shipping / Aviation

Emirates SkyCargo to expand footprint in the UK

Views - 18 Monday, 11 June 2018 00:00

Emirates SkyCargo, the freight division of Emirates, is gearing up to facilitate more trade between the UK and the rest of the world

Govt. should opt for PPP model for BIA expansion

Views - 437 Monday, 11 June 2018 00:00

Airports, mainly international airports world over, are major revenue generators and economic drivers. They create direct and indirect

India scraps cabotage rule; opens domestic freight to foreign-flagged vessels

Views - 98 Monday, 11 June 2018 00:00

In the biggest policy reform yet in the shipping sector, the Centre has allowed foreign-flagged container ships to carry export-import

CMPort to promote ‘Port-Park-City’ model under Belt and Road initiative

Views - 49 Monday, 11 June 2018 00:00

China Merchants Port Holdings Company Ltd., (CMPort) on 1 June held its Annual General Meeting (AGM) in Hong Kong with Chairman Fu Gangfeng presiding.

Hapag Lloyd effects Peak Season Surcharge in Trans Pacific Trade

Views - 20 Monday, 11 June 2018 00:00

Hapag-Lloyd will implement a Peak Season Surcharge (PSS) in the eastbound trade from East Asia, Indian Subcontinent

ONE slaps Bunker cost Recovery Surcharge

Views - 73 Monday, 11 June 2018 00:00

ONE has encountered progressive and significant inflation of fuel costs over recent months. Bunker

Abandon ship: oil tanker scrappage to hit multi-year high as earnings sink

Views - 35 Monday, 11 June 2018 00:00

Singapore (Reuters): The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade,

Delta unveils plans to launch Mumbai flights

Views - 24 Tuesday, 5 June 2018 00:00

Delta Air Lines has unveiled plans to launch nonstop flights between the United States and Mumbai, India, next year. Delta also intends to expand its existing codeshare relationship with partner Jet Airways to provide seamless connections to other de

KLM CEO says more restructuring needed at Air France

Views - 25 Tuesday, 5 June 2018 00:00

SYDNEY (Reuters): More restructuring is needed at French flag carrier Air France, the head of Dutch sister airline KLM said on Monday. The two national airlines merged to form Air France-KLM in 2004 but Air France’s economic performance has broadly

Global airlines issue warning over trade tensions

Views - 14 Tuesday, 5 June 2018 00:00

SYDNEY: (Reuters): Growing tension over international trade could damage the airline industry and the world economy, global airlines and aviation executives warned on Sunday. The US government has renewed tariff threats against China and imposed duti

Qantas and Air NZ sign alliance as downunder tourism booms

Views - 16 Tuesday, 5 June 2018 00:00

SYDNEY (Reuters): Australia’s Qantas Airways Ltd. and Air New Zealand announced a codeshare deal on Friday, amid a redrawing of airline alliances in the region as booming tourism lifts carriers on both sides of the Tasman Sea to record profits. The

Aircraft cabin crew empowered to prevent human trafficking

Views - 11 Tuesday, 5 June 2018 00:00

Montréal and Geneva: Aircraft cabin crew will now have better tools to help them prevent human trafficking on commercial flights after the launch of new ICAO-OHCHR Guidelines for Training Cabin Crew on Identifying and Responding to Trafficking in Pe

Global airlines slash profit outlook as fuel costs jump

Views - 9 Tuesday, 5 June 2018 00:00

SYDNEY (Reuters) - Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Tra

Cargo ship drops containers off Australia, nappies wash up on beaches

Views - 32 Monday, 4 June 2018 00:00

Sydney (Reuters): A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and wh

CASA embraces paperless initiatives, use of digital signatures

Views - 320 Monday, 4 June 2018 00:00

CASA, the voice of the shipping industry successfully facilitated the seminar on ‘Paperless initiatives of Sri Lanka Customs and the use of digital signatures’ on 24 May at the Sri Lanka Foundation Institute.

COSCO to build $2 b port in Peru

Views - 18 Monday, 4 June 2018 00:00

Lima (Reuters): China’s COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru’s Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China’s ambassador to Peru announced on Fr

CICT salvages storm-ravaged ‘MV Theseus’

Views - 61 Monday, 4 June 2018 00:00

A container carrier that sustained damage in tropical storm ‘Sagar’ in the Gulf of Aden, nearly 2,000 nautical miles from Sri Lanka, has been turned around in just 36 hours by Colombo International Container Terminals (CICT) when it arrived in th

Militzer & Münch opens country unit in Sri Lanka

Views - 108 Monday, 4 June 2018 00:00

Militzer & Münch Group celebrated the inauguration of its own organisation in Sri Lanka. At the new location near the Port of Colombo, Militzer & Münch will be consolidating shipments and handling sea freight transports to the regions of the Indian

Indonesia, India plan to develop strategic Indian Ocean port

Views - 28 Thursday, 31 May 2018 00:00

Jakarta (Reuters): Indonesia and India pledged on Wednesday to step up defence and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indo

SL and Korea sign MOU on cooperation in Aids to Navigation during visit of Minister Samarasinghe

Views - 43 Thursday, 31 May 2018 00:00

The Minister of Ports and Shipping of Sri Lanka Mahinda Samarasinghe and the Minister of Oceans and Fisheries of the Republic of Korea Kim Young-Choon signed a Memorandum of Understanding between the Ministries of Ports and Shipping of Sri Lanka and

Dhashma Karunaratne re-elected as WiLAT Sri Lanka’s Chairperson for 2018

Views - 495 Monday, 28 May 2018 00:00

Women in Logistics and Transport (WiLAT) Sri Lanka reappointed its Chairperson, Dhashma Karunaratne, for the year 2018 at the fifth Annual General Meeting held on 27 April at the Auditorium of the National Chamber of Commerce of Sri Lanka, amidst a l

CASA optimistic about National Single Window

Views - 187 Monday, 28 May 2018 00:00

Trade is the engine of economic growth for any country. Therefore countries around the world strive to improve cross border efficiencies and enable international trade to happen immaculately.

China to ease “one route, one airline” policy for Chinese carriers

Views - 26 Monday, 28 May 2018 00:00

SHANGHAI (Reuters): China will ease its near decade-old “one route, one airline” policy for Chinese airlines, the country’s aviation regulator said last week, allowing for increased competition on long-haul international routes.

Deutsche Post DHL seeks cost reduction at post, parcels division

Views - 22 Monday, 28 May 2018 00:00

BERLIN (Reuters) : German postal and logistics group Deutsche Post DHL Group is working on ways to cut costs at its post and parcels division after it missed first-quarter profit expectations.

UPS weighs strategy to deliver bulky goods to boost growth

Views - 19 Monday, 28 May 2018 00:00

Reuters : United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world’s largest package deliverer looks to cash in on one the f

E-commerce delivery demand lifts XPO 1Q profit but costs rise

Views - 17 Monday, 28 May 2018 00:00

Reuters : XPO Logistics, one of the largest global freight transportation and warehousing companies, reported a rise in quarterly profit last week fueled by strong demand for deliveries of online purchases offsetting higher costs.

Japan Airlines to set up low-cost carrier, targeting Asian demand

Views - 27 Monday, 28 May 2018 00:00

TOKYO (Reuters) : Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel.

Asia Pacific airlines report $8.8 b in combined net earnings for 2017

Views - 22 Monday, 28 May 2018 00:00

Preliminary aggregated financial performance figures from the Association of Asia Pacific Airlines (AAPA) show that Asia Pacific airlines achieved US$8.8 billion in combined net earnings for the full year 2017.

CICT adjudged Best Container Terminal in Asia for second successive year

Views - 389 Tuesday, 22 May 2018 00:00

The CMPort managed Colombo International Container Terminal (CICT) was adjudged the Best Container Terminal in Asia in the Under 4 million TEUs category at the respected Asian Freight, Logistics and Supply Chain (AFLAS) Awards, bringing pride to Sri

Sichuan Airlines pilot was “sucked halfway” out of window, captain says

Views - 26 Monday, 21 May 2018 00:00

Shanghai (Reuters): The co-pilot of a Sichuan Airlines flight that was forced to make an emergency landing was “sucked halfway” out of the plane after a cockpit windshield blew out, local media reported citing the aircraft’s captain.

Today's Columnists

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit

Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Saturday, 22 September 2018

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation

Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc

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