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Air France-KLM March cargo increases 2.1 pct

AJOT | April 18, 2010 | Air Cargo

Air France-KLM cargo, which closely tracks trends in the economy, saw a 2.1 percent rise in traffic on 11.8 percent lower capacity.

The load factor -- or proportion of available space sold in passenger jet cargo holds and dedicated freighters Read More »

China Southern sees better 2010, gains from yuan rise

AJOT | April 18, 2010 | Air Cargo

China Southern Airlines, the country's top carrier by fleet size, sees double-digit growth in passenger and cargo volumes this year and will benefit from a rising Chinese yuan, senior executives said.

"The market this year is definitely bette Read More »

Korean Air profit soars; sees record earnings in Q3

AJOT | April 18, 2010 | Air Cargo

Korean Air Co. expected to beat its 2010 profit target on growing shipments of technology products, increased transit passenger numbers and plans to boost international routes.

The top airliner in South Korea predicted its July-September prof Read More »

Labor strife clouds possible USAir/United merger

AJOT | April 18, 2010 | Air Cargo

Dissatisfied pilots and other workers would be the biggest obstacle to the success of any merger that may follow talks between United Airlines, a unit of UAL Corp. and US Airways.

Labor and industry analysts and other experts are scratching Read More »

IATA chief says more airline mergers a must

AJOT | April 18, 2010 | Air Cargo

Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said.

"Mergers and consolidation i Read More »

Branson slams EU Commission over tie-up

AJOT | April 18, 2010 | Air Cargo

The founder of Virgin Group , Richard Branson, has slammed the European Commission's handling of a proposed tie-up between British Airways and American Airlines in an interview. Read More »

United Air at center of potential merger hookups

AJOT | April 18, 2010 | Air Cargo

United Airlines is now in separate merger talks with Continental Airlines Inc and US Airways Group Inc for the second time in two years as carriers feel pressure to further cut capacity, build revenue and accelerate the industry's recovery.

W Read More »

AirBridgeCargo fleet grows to 9 freighters with 2 new B747-400

AJOT | April 18, 2010 | Air Cargo

Less than two weeks after taking delivery of its fifth Boeing 747-400, AirBridgeCargo Airlines (ABC), the scheduled cargo subsidiary of Volga-Dnepr Group and Russia's largest international cargo carrier, has added a sixth B747-400ERF, increasing its total Read More »

Hactl announces throughput for the first quarter of 2010

AJOT | April 18, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for March and the first quarter of 2010. A total of 244,087 tons were handled in March, representing a year-on-year growth of 30.8%. Tonnage throughput in the last week of Mar Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

Premium Article  Port of Albany gears up

George Lauriat | April 11, 2010 | Breakbulk & Projects | Ports & Terminals

In early February the MV Beluga SkySails called the Port of Albany to pick up a load of power generating equipment manufactured by General Electric (GE) in nearby Schenectady, New York. It was a significant call in a number of respects. In the first insta Read More »

Premium Article  Looking forward, Massport readies port for New England’s post-recession economy

George Lauriat | April 11, 2010 | International Trade | Ports & Terminals

“Objects in the rear view mirror may appear larger than they are.”

Financial pundits like former Federal Reserve Chief Alan Greenspan, Robert Hall, head honcho of the NBER’s (National Bureau of Economic Research) Business Cycle Dating Read More »

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