Shipping / Aviation

Militzer & Münch opens country unit in Sri Lanka

Views - 92 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 - 25 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 - 39 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 - 474 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 - 178 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 - 23 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 - 19 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 - 18 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 - 14 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 - 24 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 - 17 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 - 361 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 - 23 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.

Cuba confirms 110 killed in country’s deadliest plane crash since 1989

Views - 17 Monday, 21 May 2018 00:00

HAVANA (Reuters): Cuban authorities said the fiery crash of an aging Boeing passenger jet on Friday shortly after takeoff from Havana had killed 110 of the 113 on board, making it the Caribbean island’s deadliest air disaster in nearly 30 years.

SilkAir to be merged into SIA after major $ 100 m cabin upgrade

Views - 16 Monday, 21 May 2018 00:00

Singapore Airlines’ (SIA) regional wing, SilkAir, is to undergo a significant investment program to upgrade its cabin products as part of a multi-year initiative that will ultimately see it merged into SIA.

Singapore Airlines beats expectations with highest profit in seven years

Views - 16 Monday, 21 May 2018 00:00

SINGAPORE (Reuters) : Singapore Airlines Ltd last week topped market expectations by reporting a 148% rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and it benefited from a transformation program.

Boeing cruises past forecasts, sees no sign of cost trouble

Views - 16 Monday, 21 May 2018 00:00

Reuters : Boeing Co’s profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record y

ICAO, UN CTED to strengthen cooperation on border control, aviation security, counter-terrorism

Views - 29 Monday, 21 May 2018 00:00

ICAO Secretary General Dr. Fang Liu and the Assistant Secretary-General and Executive Director of the Counter-Terrorism Executive Directorate (UN CTED), Michèle Coninsx, last week took an important step to address international terrorist threats.

Deutsche Post raises prices for shipment of booksc

Views - 14 Monday, 21 May 2018 00:00

FRANKFURT (Reuters) - Deutsche Post DHL said it was raising the price of shipping packages of books and other goods in response to rising transport costs and volumes.

Vietnam opens Haiphong International Container Terminal

Views - 23 Monday, 21 May 2018 00:00

Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13.

Eagle Express partners European courier giant GLS

Views - 54 Monday, 21 May 2018 00:00

Eagle Global Express has joined hands with GLS which is one of the leading parcel service providers in Europe.

Maersk latest company to shun Iran as EU scrambles to save nuclear deal

Views - 40 Monday, 21 May 2018 00:00

COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk last week joined a growing list of companies preparing to call a halt to doing business with Iran, casting doubts on whether European leaders can keep alive a nuclear deal with Tehran.

CASA stresses urgency to develop East Container Terminal

Views - 315 Monday, 21 May 2018 00:00

The need for deep water terminals was discussed in many platforms last year due to the urgency of increasing port capacity in Colombo to cater to the surge of volume. In 2017,

EU states back softer rules tackling unfair airline competition

Views - 19 Monday, 14 May 2018 00:00

BRUSSELS (Reuters): EU ambassadors have backed watered-down proposals to tackle unfair competition from foreign airlines following opposition from some member states to the threat of revoking flying rights across the bloc, six people familiar with th

US and UAE sign pact to resolve airline competition claims

Views - 19 Monday, 14 May 2018 00:00

WASHINGTON (Reuters) - The United States and United Arab Emirates signed a deal on Friday to resolve U.S. claims that Gulf carriers have received unfair government subsidies, the U.S. State Department said.

SriLankan Airlines reaches record milestones in FY18

Views - 593 Monday, 14 May 2018 00:00

SriLankan Airlines, the national carrier of Sri Lanka, has concluded another year of strategic growth in its recently ended financial year, which was underscored by several historic milestones.

Top container shipping lines reviewing Iran operations

Views - 31 Monday, 14 May 2018 00:00

LONDON (Reuters) - The world’s top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.

China’s first home-built aircraft carrier sets out for sea trials

Views - 28 Monday, 14 May 2018 00:00

BEIJING (Reuters) - China’s first domestically developed aircraft carrier left its northeastern port to begin sea trials on Sunday, state media said, the latest milestone in the country’s efforts to modernise its military.

Swiss group MSC inks $1b UAE port development deal

Views - 25 Monday, 14 May 2018 00:00

MSC Mediterranean Shipping Company, a Swiss-based leader in global transportation and logistics, is set to invest $1.08 billion on the development of a new container terminal at Khalifa Port.

SLFFA hails new tax structure on logistics

Views - 171 Monday, 14 May 2018 00:00

The Sri Lanka Logistics and Freight Forwarders Association (SLFFA), the apex body representing a key industry in the transportation and logistics activities, has hailed a recent government policy decision on taxation on the sector.

Today's Columnists

No other country can better understand the preciousness of free trade than SL

Thursday, 19 July 2018

The year 2018 marks the 40th anniversary of China’s reform and opening-up and also the 17th anniversary of China’ accession to the World Trade Organization (WTO). In 2001, China acceded to the WTO, which marked a new historic stage of reform and

Development of national housing and Employees’ Provident Fund

Thursday, 19 July 2018

‘Singapore’ has become a buzzword in the media circles today. Media speak is centred round many issues. Extradition of the fugitive Central Bank Governor appointed to the post on a recommendation by our PM, now missing and reportedly taken refuge

Sri Lanka stepping up its pursuit of trade-led growth

Wednesday, 18 July 2018

“We were a trading nation since the era of ancient kings,” Prime Minister Ranil Wickremesinghe reminded Parliament

To hang or not to hang!

Tuesday, 17 July 2018

President Maithripala Sirisena dropped a bombshell out of the blues last week, sans all ‘maître’ (loving-kindness) when he launched a coup de main on drug offenders. He threatened to use his powers to place his signature to execute the death sen

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