Cosco to sell 2b yuan bonds to fund vessel purchases CHINA Ocean Shipping Co said it will sell 2 billion yuan in bonds to domestic investors to fund the purchase of eight new ships, including a share in up to three natural gas carriers for China's first natural gas terminal in Guangdong.
Indon terminal operators defend impending hikes
P&0 Nedlloyd chalks up US$46m operating loss in Q2
Air and Land Transport
Thai Airways' Q3 profit quadruples to 3.45b baht THAI Airways International, Asia's seventh-biggest carrier by value, said third-quarter profit more than quadrupled as ticket sales rose and the stronger baht reduced payments on its foreign-currency debt.
HK airport to have extra security staff around Sept 11
Qantas warns of delays from strike
Low-cost carriers to shape Boeing's future
European airlines weathering post-Sept 11 slump better
Cosco to sell 2b yuan bonds to fund vessel purchases CHINA Ocean Shipping Co said it will sell 2 billion yuan in bonds to domestic investors to fund the purchase of eight new ships, including a share in up to three natural gas carriers for China's first natural gas terminal in Guangdong.
Indon terminal operators defend impending hikes
P&0 Nedlloyd chalks up US$46m operating loss in Q2
Air and Land Transport
Thai Airways' Q3 profit quadruples to 3.45b baht THAI Airways International, Asia's seventh-biggest carrier by value, said third-quarter profit more than quadrupled as ticket sales rose and the stronger baht reduced payments on its foreign-currency debt.
HK airport to have extra security staff around Sept 11
Qantas warns of delays from strike
Low-cost carriers to shape Boeing's future
European airlines weathering post-Sept 11 slump better
Loss for P&O Nedlloyd Shares in P&O, which owns 50 per cent of P&O Nedlloyd, fell by almost 7 per cent on Thursday morning after P&O Nedlloyd said it would miss analysts' expectations.
Loss for Nedlloyd Dutch transport holding Nedlloyd (P&O Nedlloyd and Martinair shareholder) second quarter net result was 37 million euro negative.
OOCL expands its Japan, Greater China service OOCL will expand its Kanto/Kansai Taiwan South China Express (KTX) service by adding a second loop (KTX2) to complement the existing KTX1 service. The new two-loop KTX service will increase many of its port calls to twice weekly.
Malaysia's Kelang wants new terminal Malaysia's Port Kelang complex is adding a third container terminal, increasing total capacity by about 1 million Teu a year to nearly 5 million Teu and improving access for ships needing longer berths and deeper draft. CT3 will be managed as a special terminal-within-a-terminal, a spokesman said.
United in deep trouble United Airlines admitted it may be forced to file for Chapter 11 protection in the autumn, unless it reaches huge cost reductions in the next months.
P&O Nedlloyd hit by $46m box loss ANGLO-DUTCH liner giant P&O Nedlloyd is finalising a newbuilding programme despite sliding deep into the red in the first half of the year as freight rates collapsed.
TSA gears up for major offensive on freight rates CONTAINER shipping lines are preparing a rates offensive on the Pacific as cargo volumes surge ahead.
Russian government steps into Virgo row A PERSONAL appeal from the wives of the three Russian crew of the tanker Virgo, stranded in Canada since August last year, has prodded President Vladimir Putin's government into appealing to US and Canadian authorities to secure their release.
Asian upsurge in box traffic benefits ports business ASIA'S second quarter container boom fuelled a 25% box surge for P&O's expanding ports business, its trading statement released yesterday revealed.
Congress drafting port user fees The final port and maritime security bill could assess a $15 per TEU charge on inbound containers to pay for port security infrastructure.
Uncertain outlook for P&O Nedlloyd The carrier reported an operating loss of $46 million in the second quarter compared with a profit of $46 million a year ago as plunging freight rates and higher fuel costs mitigated growing box traffic.
Temporary halt to West Coast talks Contract negotiations between the International Longshore and Warehouse Union and West Coast waterfront employers were temporarily suspended due to the death of ILWU President James Spinosa's father.
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