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Jakarta: Shares in Indonesian shipowner PT Arpeni Pratama Ocean Line have been suspended as it faces a bankruptcy lawsuit from Korea and misses a coupon payment on a bond issue. Arpeni, one of Indonesia’s largest shipowners, is facing a bankruptcy suit from Korea Securities Finance Corp, which is suing the company in the Jakarta courts over unpaid deb...
POLET AIRLINES has taken delivery of its third IL-96-400T freighter that is due to operate scheduled cargo services twice a week between China, Russia and Germany with a payload of 90 tons. Khaydar Khasanzyanov, Polet's marketing manager for the Il-96, was quoted as saying in a report by London's Air Cargo News: "Next year we're planning on getting t...
AN END is coming to Japan Airlines (JAL) flights to Amsterdam Schiphol Airport with the shutdown in service on September 29, reports London's International Freighting Weekly. JAL freighter operations and an international passenger flights are being curtailed in the restructuring plan in the face of the airline's insolvency. The Amsterdam run is pa...
MANILA's approval of a Philippine Airlines (PAL) outsourcing plan will cut 3,500 staff from company's cargo operation according to a report from industry researcher Business Monitor International (BMI). Despite employee and union opposition, Philippines president Benigno Aquino has approved the plan cut staff and save US$22 million a year, reports Geo...
North American short lines originated more intermodal loads in the week ending Sept. 11 than any other time this year despite the fact that the Labor Day holiday shortened the work week for small railroads. The RMI RailConnect report, a snapshot of traffic levels from 342 of an estimated 550 short lines and regional railroads in the U.S. and Canada, sai...
The Air Transport Action Group, the only global organisation to represent all sectors of the aviation industry, has announced at the global Aviation & Environment Summit the addition of a new Board member: Honeywell Aerospace; and two new associate members: ATR and the Aerospace Industries Association. Paul Steele, ATAG’s Executive Director, s...
Since 2003 SAS has a 49% ownership in the Estonian based Estonian Air. According to the Core SAS strategy with focus on the Nordic home market this stake has been set out for divestment. Today, the SAS Group has reached an agreement with the Estonian Government that will result in SAS divesting its 49% stake. The Estonian Government will provide approxi...
Sydney Airport has indicated its disappointment at the ACCC's decision on the pricing of regional aeronautical fees at Sydney Airport. Sydney Airport had sought the first increase in regional fees since 2001. The CEO of Sydney Airport, Russell Balding, said that the proposed increase of 2.9% was significantly less than the 28.9% increase in the CPI...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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