Shipping


Eurotunnel’s Ferry Strategy At Risk

March 8, 2013
Channel Tunnel operator Groupe Eurotunnel SA’s plan to boost cargo revenue by running ferries alongside the 30-mile subsea rail route risks unraveling amid opposition from antitrust regulators and shipping companies.

Orient Overseas Profit Climbs 63%

March 8, 2013
Orient Overseas (International) Ltd., owner of Hong Kong’s biggest container line, posted a 63 percent increase in full-year profit that beat analyst estimates as freight rates rose.

CEB Network Adds Camiguin, Masbate

March 8, 2013
The Philippines’ largest national flag carrier, Cebu Pacific (CEB) has launched its two newest island destinations, Camiguin in Northern Mindanao and Masbate in the Bicol Region, which brings the local destinations it serves to 34, on 62 city-pairings or routes. 

DP World Selling HK Assets

March 8, 2013
Dubai port operator DP World Limited is selling stakes in two container terminals and a logistics center in Hong Kong for $742 million as it continues asset disposals in non-core international markets.

Airlines Welcome Tax Relief From New Law

March 8, 2013
The Board of Airline Representatives (BAR), the association of foreign and local airlines in the Philippines, welcomed the signing into law recently by President Benigno S. Aquino III of RA No. 10376 that repeals the common carriers tax and the Gross Philippine Billings in support of the targets of Philippine tourism. 

Global Air Passenger Demand Recovers

March 7, 2013
Because the Chinese New Year fell between the first two months of 2013, global air travel demand rose 2.7%  in January this year, showing a continuation of the uptick in passenger travel that began at the end of 2012, according to International Air Transport Association (IATA) data. 

NYK Upgrades Japan-RP-ASEAN Services

March 7, 2013
Japanese carrier NYK has upgraded its Japan–Philippines-ASEAN services.

TSA Eases Allowable Cargo Guidelines

March 7, 2013
Airline passengers will be able to carry small knives, souvenir baseball bats, golf clubs and other sports equipment onto planes beginning next month under a policy change announced Tuesday by the head of the U.S. Transportation Security Administration.

China Dismantling Bloated Rail Ministry

March 7, 2013
China is likely to dismantle its sprawling, scandal-plagued Railways Ministry into operations and commercial arms that will be supervised by different agencies, two sources said, part of an overhaul of the bureaucracy as a new set of leaders takes charge in Beijing.

Global Air Cargo Freight Demand Stabilizes In Jan., IATA Reports

March 6, 2013
Global air freight demand is stabilizing, posting a 5 percent growth for the first month of 2013 although “it’s too early to be overly optimistic,” International Air Transport Association (IATA) Director General and CEO Tony Tyler announced.

Asiana Recognized ‘Best Overall Airline’

March 6, 2013
Asiana Airlines (OZ) continues its industry winning streak by being named 2012 Best Overall Airline in the World by Business Traveler. 

Queues Growing At US Airports

March 6, 2013
Travelers at US airports are already being greeted with longer lines and delays due to government spending cuts launched last week, Homeland Security Secretary Janet Napolitano said.

Boeing Awaits FAA 787 Approval

March 6, 2013
Boeing’s commercial aircraft chief said the company would move “really fast’’ to get its grounded 787s flying again after it wins approval from the FAA for its proposed battery fix.

Carnival Destiny Turns Into Sunshine

March 6, 2013
The cruise ship Carnival Destiny will be modified and renamed the Carnival Sunshine when the ship undergoes 155 million dollars of renovations including an extra deck at the Fincantieri shipyards in Italy until April.

Etihad Launches Global Advertising Campaign

March 5, 2013
Etihad Airways, the national airline of the United Arab Emirates, has unveiled a new global brand advertising campaign, which kicked off on March 3 with the airing of a new television commercial (TVC).

Another Shipbuilding Firm Locates Shipyard At West Cebu Industrial Park

March 5, 2013
The West Cebu Industrial Park (WCIP) continues to keep its lead in the shipbuilding industry, attracting more locators to pour investments in the facility in Balamban town and propelling the Philippines to become the fourth largest shipbuilding country in the world. 

DHL Appoints New Asia-Pacific Executive

March 5, 2013
DHL, the world’s leading logistics company, has named Sean Wall as the new Senior Vice President of Network Operations and Aviation, DHL Express, Asia Pacific. 

Larry Ellison Buys Hawaiian Airline

March 5, 2013
Tech billionaire Larry Ellison, who bought his own Hawaiian island last year, now has an airline to go with it.

Singapore Air Plans To Buy More Aircraft, Airbus’s Leahy Says

March 4, 2013
Singapore Airlines Ltd., Southeast Asia’s biggest carrier, plans to buy more aircraft, Airbus SAS said, as the region’s economic growth spurs air travel demand.

HK International Airport Posts 21% Growth In Air Cargo Traffic

March 4, 2013
Air cargo throughput at Hong Kong International Airport (HKIA) grew by 21.2% year on year to 334,000 tons, according to the Airport Authority in Hong Kong.