Lion Air Group will again hit the Indonesian aviation world with the launch of the latest airline subsidiary Batik Air to serve full service but at a cheaper price than are currently they have. Today we launched the latest airline, a subsidiary of Lion Air, the Batik Air, which will serve full services with competitive prices and excellent service, said Lion Air general director Edward Sirait while welcoming the arrival of the first Batik Air aircraft in Terminal 3 Soekarno-Hatta Airport, Cengkareng, T...
Hong Kong’s Orient Overseas Container Line (OOCL) more than doubled profit to US$197.2 million last year compared with US$86 million in 2011 on the back of higher freight rates and container volumes. Profit of parent Orient Overseas (International) Ltd (OOIL) jumped 63 percent from $181.6 million to 296.4 million, reported the South china Morning Post. The company, which is controlled by the family of former Hong Kong Chief Executive Tung Chee-hwa, said it remained cautious on market outlook due to e...
PT Angkasa Pura II will make Kuala Namu Airport Medan as an international aviation hub, while Soekarno-Hatta Jakarta Cengkareng, as the domestic aviation hub. Angkasa Pura II President Director Tri Sunoko said the commitment to make Kuala Namu airport as a international hub appropriate given its location geographically closer to Singapore and Kuala Lumpur. Geographical advantages, making flights from Medan to be much more efficient to ASEAN countries and other countries rather than flying from Jakart...
China’s two biggest container carriers, China Cosco and China Shipping Container Line (CSCL), are no strangers to bloody balance sheets. In the first half, China Cosco posted a loss of US$207 million, compared with a $151 million loss a year earlier. CSCL had a first-half loss of $205 million, compared with a $100 million loss a year earlier. Rising fuel costs and falling freight rates, especially on Asia-Europe routes, are keeping the lines in the red. Alphaliner reports that vessel utilisation leve...
AirAsia Indonesia will make Makassar as a hub for international routes from eastern Indonesia, with the opening of routes to explore Makassar - Singapore and Makassar - Kota Kinabalu. Chief Executive Officer of AirAsia Indonesia Dharmadi said that with the opening of a sales office in Makassar is expected to start making capital of South Sulawesi as an international aviation hub, in addition to continue to develop domestic routes. We hope that soon we'll be the permission for opening the route to Sin...
FRANCE's biggest carrier, CMA CGM, has received the highest score in its compliance with international regulations, says the Port State Control, an agency of 26 European states and Canada, checking into safety, regulatory compliance and pollution. For this ranking, the agency verifies the state of vessels, the level of maintenance, the quality of the crew, and the procedures in place for the management of safety and pollution, CMA CGM said. Since 2010, its vessels have been controlled by a rating imp...
Currently, the French Parliament is working on legislation which contained the plan implementation duties amounting to 300 per cent for CPO from Indonesia. The reason, CPO containing saturated fat is considered not good for health. As the country's largest palm oil exporter in the world, Indonesia can not remain silent. Deputy of Indoensia Trade Minister, Bayu Krisnamurthi said it would immediately lobbied the French parliament to give an explanation. Through open debate, I explained that if anything c...
CHINA Shipping Container Lines (CSCL) is teaming up with United Arab Shipping Company (UASC) on its new GEM service connecting Turkey, Port Said, Red Sea, Middle East Gulf, Pakistan and India. The first GEM sailing is scheduled for November 22. The service will call at: Port Said, Mersin, Istanbul, Izmir, Port Said, Yanbu, Jeddah, Khor Fakkan, Sohar, Port Sultan Qaboos, Karachi, Hazira, Mundra, Khor Fakkan, Jebel Ali, Bahrain, Jubail, Khor Fakkan, Jeddah, Yanbu and back to Port Said. For the first ti...
Rebounding container rates helped Maersk Line post a third quarter operating profit of $547 million compared with a loss of $255 million and made parent A P Moller-Maersk raise the group's full-year outlook. Group chief executive Nils Smedegaard Andersen cautioned rates could reverse for Maersk Line, which returned to profit after four successive periods of losses, reported Reuters. I think one should be careful expecting that this is now very stable, Andersen told reporters. It does not mean there i...
CHILE's flag carrier CSAV restored its profitability by posting an operating profit of US$37.3 million in the third quarter after suffering from losses in previous eight quarters, reversing a huge operating loss of $354.9 million a year earlier. But CSAV is still sailing in the red after counting the results of first nine months, though losses have been reduced 74.2 per cent year on year. As the carrier took a bold move to rationalise its services and capacity last year, revenue has dropped 30.5 per ce...
