Kuehne to up Hapag stake in long term Investor Klaus-Michael Kuehne intends to raise his stake in Hapag-Lloyd over the long term, he told Reuters on Friday last week, after agreeing to take a smaller stake in the TUI container shipping unit than planned.
TUI to cut debt after Hapag stake sale TUI AG said investments in its Hapag-Lloyd shipping line will be scrapped this year, a day after the company renegotiated the sale of the business to a Hamburg-based investment group.
Turkish Airlines starts Eskisehir-Brussels connection The Turkish national carrier Turkish Airlines will begin operating twice-weekly flights between Eskisehir (Turkey) and Brussels on 2 March.
Transavia.com France to open Paris Orly-Olbia and Catania services Transavia.com France, a subsidiary of Air France and Amsterdam-based Transavia.com, will commence twice-weekly B737 flights from Paris Orly to the Italian cities Olbia an...
Air Arabia to launch Sharjah-Athens service Air Arabia will launch a thrice-weekly A320 connection between Sharjah (UAE) and Athens (Greece) on 21 April. It is the LCC's first route to the EU.
Aeroflot receives 27th A320 The Russian carrier Aeroflot has received its 27th A320, bringing its A320 family fleet to 49. The aircraft is on lease from GECAS and seats 140.
Canada and Costa Rica sign expanded air services agreement Canada and Costa Rica have signed an expanded air services agreement allowing carriers to operate their own aircraft or codeshare flights between any pair of cities.
Dragon Aviation Leasing takes delivery of first of 13 A320s Dragon Aviation Leasing has received its first of 13 A320s on order. The aircraft, leased to Air France, is the Beijing-based lessor's first directly purchased Airbus typ...
Maximus Air Cargo doubles annual turnover The Abu Dhabi (UAE)-based all-cargo carrier Maximus Air Cargo doubled its annual turnover, from USD 47.3 million in 2007 to USD 110.8 million in 2008. Freight tonne kilometres...
Shipping stocks hit new nadir A large number of shipping shares fell to fresh 52-week lows on Monday amidst a widespread rout on Wall Street
Mystery veils Russian gas summit A VEIL OF secrecy is today drawn over a Moscow summit between Russia's independent gas producers and Gazprom, the government-run sector goliath
Pemex losses climb 254% MEXICO'S financial and energy crisis has taken a turn for the worse as Pemex announced $8.3Bn in losses for 4Q08 ' 254% more than the previous year's fourth-quarter losses
US flag plagues OSG OSG HAS suffered a $79.5M loss in its fourth quarter because of severe problems in its US-flag division
Golden Ocean deal unravels GOLDEN Ocean slipped further into difficulties today as the charterer of Panamaxes has received a notice of early termination of a bulker deal
45 migrants drown off Yemen SCORES OF Somali migrants have reportedly drowned when their boat capsized trying to reach the coast of Yemen
Barcelona docker jobs spared STEVEDORE companies and dockers at Barcelona port today reached an agreement over a new rotatation system for stevedores that will save more than 1,000 docker jobs
Lillbacka plans new ro-ro service The Finnish Lillbacka group of companies is planning to open a new ro-ro service between Turku, Oxelösund and Travemünde. The company owns two ro-ro vessels of the Korean
Last container vessel named at Odense Odense Steel Shipyard has named its last container vessel for the foreseeable future. After an earlier decision to stop building large container vessels, the hull no. 216, now named Mathilde
Ulstein ' best result in a decade In 2008 the Ulstein Group reports its best result in a decade. The operating revenues reached NOK 3.21 billion, compared to NOK 1.97 billion in 2007. Operating profit
Norway sends a frigate to Somalia The Norwegian government has decided to contribute to the seabased EU anti-piracy operation off Somalia, by deploying the frigate KNM Fridtjof Nansen up to six months from August. In
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