Shipping / Aviation

IATA forecasts global aviation industry net profit to rise to $38.4b in 2018

Views - 27 Monday, 18 December 2017 00:00

IATA forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June).

Turkish Airlines takes delivery of first Boeing 777 Freighter

Views - 11 Monday, 18 December 2017 00:00

Turkish Airlines has taken delivery of its first Boeing 777 Freighter with the second one on order helping the airline expand its cargo business.

Royal Jordanian celebrates 54 years of service

Views - 10 Monday, 18 December 2017 00:00

Jordan flag carrier Royal Jordanian (RJ) marked its 54th anniversary on 15 December.

Qatar Airways signs firm order for 50 Airbus A321neo ACF

Views - 23 Monday, 18 December 2017 00:00

Qatar Airways has re-affirmed its earlier order for 50 A320neo with a firm order for 50 A321neo ACF (Airbus Cabin Flex configuration).

Singapore Airlines takes delivery of first of five brand new Airbus A380s

Views - 14 Monday, 18 December 2017 00:00

Singapore Airlines has taken delivery of the first of five new Airbus A380 aircraft scheduled to join the carrier’s fleet over the coming year.

SriLankan Airlines chief accuses unions of taking U-turn

Views - 27 Monday, 18 December 2017 00:00

SriLankan Airlines Chairman Ajith Dias has said that employee unions, through recent statements, had taken a U-turn on the assurances they had provided at a previous meeting.

IATA seeks strong law enforcement to deter irresponsible use of drones

Views - 8 Monday, 11 December 2017 00:00

Geneva (Reuters): Law enforcement authorities must play a strong role to ensure there are suitable deterrents in place for those flying recreational drones to prevent danger to passenger aircraft, the International Air Transport Association (IATA) sa

Japan Airlines invests $10m in Boom Supersonic; signs pre-order for 20 aircraft

Views - 17 Monday, 11 December 2017 00:00

Japan Airlines has entered into a strategic partnership with Boom Supersonic to bring commercial supersonic travel to passengers.

Asia Pacific airlines intl. passenger load up 8% to 26.4 m in October

Views - 8 Monday, 11 December 2017 00:00

Preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) for the month of October 2017 show solid expansion in international air passenger demand and healthy growth in international air cargo markets.

China Airlines’ 10th Airbus A350 takes off from Toulouse using sustainable fuel

Views - 15 Monday, 11 December 2017 00:00

China Airlines is doing its part to help reduce carbon dioxide emissions by participating in a biofuel program being jointly developed by Airbus and Air TOTAL.

Malaysia Airlines takes delivery of first Airbus A350-900

Views - 31 Monday, 11 December 2017 00:00

Malaysia Airlines has taken delivery of its first Airbus A350-900, becoming the 17th airline to operate the world’s newest twin engine widebody airliner.

Airbus begins final assembly of first A330-800

Views - 17 Monday, 11 December 2017 00:00

Final assembly of the Airbus A330-800, the newest member of the A330neo Family, has started.

SriLankan marks 70th anniversary of commercial aviation in SL

Views - 23 Monday, 11 December 2017 00:00

Exactly 70 years ago, on 10 December 1947, a Douglas DC-3 aircraft named Sita Devi took off from Ratmalana airport for Palaly Jaffna and Madras.

Global air freight demand up 6% in October: IATA

Views - 10 Monday, 11 December 2017 00:00

Global air freight demand, measured in freight tonne kilometres (FTKs), rose 5.9% in October 2017, when compared to the same month last year.

Can Sri Lanka’s railway sector gear up to serve the future?

Views - 297 Monday, 11 December 2017 00:00

Few will disagree that Sri Lanka Railways (SLR) has enormous potential to contribute more to developing and uniting the country today than when the Railway Ordinance in 1902 formalised the Ceylon Railways for that very reason.

China’s SITC aims to buy logistics firms in Southeast Asia in 2018: CEO

Views - 17 Monday, 11 December 2017 00:00

Shanghai (Reuters): Chinese shipping conglomerate SITC International Holdings Co Ltd is looking for logistic companies to buy in Thailand, Vietnam, Philippines, Malaysia and Indonesia, the company’s CEO said.

CICT promotes Port of Colombo at elite maritime forum in Hong Kong

Views - 35 Monday, 11 December 2017 00:00

The role of the Port of Colombo in facilitating imports and exports and supporting trade with India and other subcontinent countries was expounded upon by Colombo International Container Terminals (CICT) in a recent presentation to the 2017 Asian Log

Govt. formally hands over Hambantota port to China Merchant-led JV

Views - 53 Monday, 11 December 2017 00:00

The Government on Saturday formally handed over the Hambantota port to the joint venture set up by China Merchant Port Holdings and Sri Lanka Ports Authority at a ceremony chaired by Prime Minister Ranil Wickremesinghe in Parliament. Several Minister

Govt.’s new Hambantota Port deal with China will deliver economic transformation: Malik

Views - 45 Monday, 11 December 2017 00:00

We have embarked on a focused economic development drive that aims to transform this country by generating new investment, new economic opportunities for more people, and creating more and better jobs.

Playing cheap politics in liberalising shipping and logistics

Views - 271 Friday, 8 December 2017 00:48

Being an open market driven fee economy, the country’s future and its prosperity depend on right policies adopted to benefit the masses and not by protecting an absolute minority. Last week’s parliamentary sessions have brought up the ugly divisi

Should SMEs in the shipping industry live or die?

Views - 130 Friday, 8 December 2017 00:47

SMEs play an important role in the economic development of a country. Their role in terms of production, employment generation, contribution to foreign exchange earnings and facilitating equitable distribution of income is extremely critical.

CASA – Colonial cousins in Sri Lanka shipping

Views - 445 Friday, 8 December 2017 00:00

The committee stage proceedings on the Ports Ministry demonstrated that it is indeed an indisputable claim. CASA in Sri Lanka shipping is as powerful as the American Rifle Association in the US Senate. CASA is as dogmatic on its exclusive preserve as

Developing the Sri Lankan maritime industry – Part II

Views - 113 Friday, 8 December 2017 00:00

Following my article in the Daily FT which was published on 27 November under the same subject heading, I thought of sharing a few more thoughts about the road to becoming a maritime hub. This was mainly triggered by forums which I took part last wee

Shipping group CMA CGM powers ahead, founder retires

Views - 30 Monday, 4 December 2017 00:03

PARIS (Reuters): Shipping company CMA CGM reported another quarterly rise in sales and profit recently, helped by improving freight rates after a prolonged sector downturn that sparked large-scale consolidation.

US tax reform and impact on the rest of the world

Views - 392 Monday, 4 December 2017 00:03

I had just finished a presentation for the Intermodal Europe in Rai, Amsterdam on 28 November, on the subject of “De-globalisation of Markets’ and was still confident that world trade would grow better from 2018 onwards. The next day I saw the US

KPMG to share insights on Customs duties and other import levies

Views - 155 Monday, 4 December 2017 00:02

Sri Lanka Customs has revised and adopted the 2017 Version of Harmonised System (HS) of Commodity Classification and Coding System, as amended by the World Customs Organisation (WCO – HS System 2017) effective from 10 November.

Mahinda to up Colombo Port’s global ranking

Views - 40 Monday, 4 December 2017 00:01

The 19th symposium on International Network of Affiliated Ports (INAP) under the theme, ‘Maritime Co-operation and Economic Prosperity through INAP’ was successfully completed at the Kingsbury Hotel Colombo.

SLPA clarifies “baseless” reports against Magampura Port

Views - 48 Monday, 4 December 2017 00:00

Our attention has been drawn to erroneous speculations and to several inaccurate and misconceived reports relating to the Magampura Port Management Company Ltd. (MPMC) and Sri Lanka Ports Authority (SLPA).

ISMM offers services to Petroleum Corp to better manage supply chain

Views - 19 Monday, 27 November 2017 00:00

Institute of Supply and Materials Management President Nalin Silva in letters addressed to the President, the PM and Minister of Petroleum Resources Development Arjuna Ranatunga

Milaha launches feeder service between Sri Lanka and Bangladesh

Views - 40 Monday, 27 November 2017 00:00

Doha, Qatar: Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh.

Today's Columnists

Problem is not us women and booze: It’s paternalism and capriciousness in policymaking

Friday, 19 January 2018

The other day the President of Sri Lanka went public expressing his intention to revoke a ministerial order revoking the notion that a woman of any age has no more maturity than a youth less than eighteen years old.

MS-RW Unity Govt. must stay united for the sake of the country

Friday, 19 January 2018

A few days after the Unity Government celebrated its third anniversary, President Maithripala Sirisena asked the Supreme Court: “Whether

The joy of books! Cuddling up with a wish to explore

Thursday, 18 January 2018

I walked into a small communication shop to discover that you can buy almost anything from rubber seeds and tree leaves to bird feathers to support a student attending a school. I noted that all leaves are properly and accurately (hopefully!) identif

Wake up, drifting mega infrastructure development professionals!

Thursday, 18 January 2018

Infrastructure investment is a key driver of a stronger and productive economy. Stakeholders, especially the public and the international funding agencies, demand greater transparency and scrutiny on infrastructure decision as the Government spend th

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