Virgin Australia annual loss triples

Virgin Australia sold a 35 percent stake in its frequent-flier business to US firm Affinity Equity Partners after it reported annual losses tripled.

Yuan fall weighs on carrier's earnings

Hainan Airlines, China’s largest privately held carrier, posted a 25 percent drop in first-half net profit as depreciation of the yuan eroded earnings.

Excess capacity and operating inefficiency is hurting China's top lines
China Cosco, CSCL continue to struggle

China’s top two shipping lines, China Cosco and CSCL, posted weak first-half results, in spite of the rebound in global trade, due to excess shipping capacity and operating inefficiencies.

Investor rush to get piece of India's Snowman

The initial public offering of Snowman Logistics, promoted by Gateway Distriparks, has been oversubscribed by more than 60 times.

Jetstar loss signals end of dogfight

The budget airline battle Down Under could be coming to an end as Qantas Airway's low-cost carrier Jetstar posted its first annual loss.

Sharjah posts 14% growth in container throughput

Gulftaine recorded a 14 percent year-on-year growth in container volumes in the first six months of 2014 at its Sharjah Container Terminal (SCT).

Containers piling up at port in Vietnam

The volume of cargo at Hai Phong Port has soared in recent months, following the Ministry of Transport's efforts to regulate truck-loading procedure.

Enough box capacity in Manila for peak season

The Philippine Ports Authority said there is enough port capacity for the peak season as it sends overstaying containers to Subic Bay.

UPS expanding California delivery centre

UPS announced expansion of its delivery centre in Menifee, California, to handle increased shipping volume from customers throughout the region.

More Breaking News
The MH370 disappearance derailed MAS's plan to return to profitability
MAS suffers $240m loss in first six months

Malaysia Airlines (MAS) widened its losses to more than US$240 million in the first half of this year as it continued to bleed from lower ticket sales after the disappearance of Flight MH370 in March.

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