Transport
Delta shows strength with dividend pledge
US airline company plans to return $1bn cash to shareholders over the next three years through dividend payments and share repurchases
Categories: Transport
Shipbuilding boosts profits for Penguin
MORE shipbuilding and ship repair projects raised net profits of Penguin International to $1.6M in the first quarter of this year, from $2,000 in 1Q12.
Categories: Transport
South American export push urged
PANAMA Canal expansion is very important for South American growth, yet is not the entire story for the continent’s shipping prospects, a port conference has been told.
Categories: Transport
EBIT profits return for TORM
TORM said today it returned to operating profits in 1Q13 and significantly cut net losses on the same period of last year.
Categories: Transport
Strikers lost HK$10M in pay
STRIKING Hong Kong dock workers lost more than HK$10M ($1.3M) in wages as of 6 May, when the 40-day strike ended.
Categories: Transport
Qatar eyes stake in British Airways parent IAG
Qatari investors are believed to be eyeing a 12pc stake in British Airways' parent company, International Airlines Group.
Categories: Transport
BG seals QCLNG deal
BG GROUP has announced agreements with China National Offshore Oil Corp for the sale of more interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93Bn.
Categories: Transport
Capesize rise raises BCI
IRON ORE and coal shipments are gaining pace this week, pushing the Baltic Capesize Index to a three-month high yesterday.
Categories: Transport
Toyota profits more than triple with help of 'Abenomics'
Toyota full-year profits more than tripled to 962bn yen (£6.3bn), helped by a weak yen, cost-cutting and a bounce back from the destructive 2011 tsunami.
Categories: Transport
VLCCs gain wiggle room
VLCC rates are rising moderately as owners resist depressed rates amid the start of fixing for mid-May.
Categories: Transport
Sharp drop seen in Europe's box headhaul
DEEPSEA box imports into northern Europe will drop sharply this year as the eurozone’s economy falters, two leading maritime consultants have warned.
Categories: Transport
US cruise inquiry expanded
PASSENGER cruise safety and security are being questioned, as a US Senate panel expands its investigation into the sector.
Categories: Transport
Weser reopens after crash
SHIP TRAFFIC into and out of Bremerhaven – Europe’s fourth-largest box port – resumed last night after a temporary closure caused by a container ship collision.
Categories: Transport
Big 3 see FY13 rise
JAPAN’S Big Three shipping companies are predicting better results for the current fiscal year, which ends on 31 March 2014.
Categories: Transport
Falling volumes hit Wilhelmsen results
VOLUMES continued to fall in 1Q13, Wilh. Wilhelmsen ASA said today, resulting in lower net profits and revenues.
Categories: Transport
Manila's lead in mariners seen threatened
A SENIOR Philippines maritime source warned today the country could lose its position as the leading global source of seafaring jobs because of an allegedly critical initial audit by EMSA.
Categories: Transport
National Express eyes German rail tenders
Move follows successful bids earlier this year to operate local and express rail services in the state of North Rhine-Westphalia
Categories: Transport
Shareholders back new Lufthansa chairman
Appointment of former chief executive Wolfgang Mayrhuber approved despite calls from inside and outside Germany for it to be blocked
Categories: Transport
Carriers shift box strategy
BOX LINES are moving back towards purchasing containers versus leasing, NYSE-listed equipment lessor Textainer said today.
Categories: Transport
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more