BROKERS’ TAKE Analysts are divided as the Iran war boosts the group’s top line while oil prices hurt operating costs SIA’s operating profit came in at S$106 million for the …
The Business Times - Transport & Logistics
Latest maritime news from The Business Times - Transport & Logistics 50 articles shown
Want email alerts?
Sign in with LinkedIn
Recent Articles
High prices have pushed some away from ownership As at the end of June, 79% of Singapore’s total car population of 653,442 units were privately owned. PHOTO: YEN MENG JIIN, …
The premium carmaker reports a 35% drop in quarterly pretax earnings to 1.7 billion euros (US$1.95 billion) The automotive industry faces fierce global competition, increasing regulatory requirements and the effects …
Global sales in June fell 1.1% from a year earlier to 926,688 units “Solid demand in North America and Japan was offset by lower sales in China,” the carmaker says …
BROKERS’ TAKE Analysts are divided on prognosis as Middle East war boosts SIA’s top line, but oil price surge hurts operating costs [SINGAPORE] There is no consensus among analysts whether …
The rear of the Ferrari Luce electric car with its lights illuminated. PHOTO: REUTERS [ROME] Ferrari has hit its annual sales target for its first-ever electric vehicle on the back …
The protestors are against possible closure of the German automaker’s Neckarsulm plant “We are scared of factories closing and endangering our future,” Audi worker Melih Cevlik said at the protest …
The probe at Long Thanh International Airport has already seen the detention of multiple executives from companies linked to the project. PHOTO: HEERIM ARCHITECTS & PLANNERS [HANOI] Vietnam’s Government Inspectorate …
HOT STOCK The national carrier has incurred a net loss of S$76 million for the quarter Its net loss comes on the back of lower operating profit, due to a …
The cuts account for around 8,000 positions globally BMW is also looking to streamline its management ranks in the coming months as part of the broader cuts. PHOTO: REUTERS [BERLIN] …
The pilot will open to trial riders in the coming months before opening to the general public Under the new pilot, passengers will be able to book dedicated AVs on …
Airbus said the aircraft remained in the air for 24 hours and 24 minutes, covering 23,075 km without stopping The specially adapted A350-1000ULR airliner is due to debut with Qantas’ …
HOT STOCK The national carrier has incurred a net loss of S$76 million for the quarter Its net loss comes on the back of lower operating profit, due to a …
The average selling price fell to 64,700 euros from 67,700 euros a year earlier Mercedes’ sales in the world’s biggest car market plunged 30 per cent during the second quarter, …
It said it received a report that some passenger seat assemblies were not correctly installed in its seat tracks A 737 MAX airplane on the final assembly production line at …
Eleven commodity vessels pass through the Bab el-Mandeb strait on Sunday, the lowest level in months Red Sea traffic has been disrupted off the coast of Yemen since last week …
Trip.com offers flights, hotels, car rentals and excursions through its brands such as Ctrip and Skyscanner. PHOTO: BT FILE [BEIJING] Chinese regulators fined Trip.com Group 5.18 billion yuan (US$765 million), …
But passenger traffic for the first half of 2026 is 0.4% up despite an uncertain operating environment Aircraft movements (comprising landings and take-offs) in Q2 dipped 1.3% year on year …
Chairman Peter Seah (third from right) says there are no plans for Singapore Airlines to dual-list on Nasdaq, but “never say never”. PHOTO: TAY PECK GEK, BT [SINGAPORE] Singapore Airlines …
Total supply is up 0.2% The new quota consists of 25% of the replacement COEs from vehicles de-registered in the twelve-month period from July 2025 to June 2026. PHOTO: BT …
The US president also says damages to ships and cargo will be paid for using frozen Iranian funds in the US’ possession The US has about US$2 billion of blocked …
Singaporean Wu Chong declared lower values on imported cars from 2019 to 2024 Wu is charged with underpaying taxes on 123 cars, including 30 Porsches and other ultra luxury and …
THE LEADERSHIP PLAYBOOK Global logistics is in a volatile era but this has not derailed his focus on regional high-value trade Greater change also means more personal growth, said FedEx’s …
The US president says damages to ships and cargo will be paid for by frozen Iranian funds after the rebels’ new strikes Trump told news agency Axios in an interview …
The US President added that “this is the fair and equitable thing to do” Trump said on social media on Jul 23 that damages done to ships, cargo, “or anything …
She says she cannot disclose the discussions “until and unless the government has decided that it wants to reveal it” SingPost’s 34th annual general meeting at Suntec Singapore lasted around …
The first electric SUV to be made in Valencia is the EX5 The joint venture will be 66 per cent owned by Ford and 33 per cent by the Chinese …
The charges relate to around S$15,000 in underpaid GST and excise duty; he faces a maximum fine of around S$300,000 LIM Ah Poh, the founder and owner of the Motorway …
It posts an operating profit of 2.9 trillion won (US$1.98 billion) for the April-June period, down from 3.6 trillion won in the year-ago period Hyundai Motor said revenue rose 2% …
Adjusted earnings were US$0.33 a share in Q2, missing the US$0.51 average of analyst estimates compiled by Bloomberg [AUSTIN] Tesla’s profit tumbled despite a strong quarter for its automotive business, …
This is its second round of reductions in under two months and the first time the firm has tied layoffs to AI efficiency pushes In June, Uber cut 23% of …
Adjusted earnings were US$0.33 a share in Q2, missing the US$0.51 average of analyst estimates compiled by Bloomberg The company also reported its first quarter of negative free cash flow …
Observers say the market has normalised, though strong demand may mean little hope of major price drops [SINGAPORE] Industry observers said that the dip in passenger car Certificate of Entitlement …
The Category A COE premium dipped by S$3,000, or 2.3%, from S$129,000 at the previous tender on Jul 8 The premium for Category B COEs fell slightly from S$130,889 to …
AI and tech-led roll-out will help expand Changi’s air traffic handling limit; 200 new controllers to be hired Once active, the air navigation system upgrades will push Changi’s aircraft handling …
It says underlying performance is driven by solid demand across both passenger and cargo operations Cathay Cargo carried 9% more cargo in June compared with a year earlier, with total …
AI and tech-led roll-out will expand Changi’s air traffic limits ahead of T5’s opening and add 200 controllers Once active, the tech upgrades will push Changi’s aircraft handling capacity to …
Chinese automakers are pushing sales of plug-in hybrids ahead of any potential additional EU tariffs [BRUSSELS] Chinese car brands snapped up more than a third of new plug-in hybrid sales …
It has been one of the biggest beneficiaries of Middle East travel disruptions as passengers rerouted and chose alternative airlines The airline group forecast a profit attributable of about HK$6 …
Conflict is widening, with Houthis saying they would impose a naval blockade on Saudi Arabia There were no visible very large crude carrier or liquefied natural gas tankers passing through …
This comes as the militant group announced a naval blockade against Saudi Arabia on Jul 20 The Iran-backed Houthis control northern and western Yemen, including the coast at the mouth …
The company said it was surprised at the loan given to Airbus Airbus CFO Thomas Toepfer said the loans were “completely at market level”. PHOTO: BLOOMBERG [FARNBOROUGH, England] Boeing has …
Inchcape has confirmed the departure and is searching for a replacement Ng Khee Siong joined Inchcape in 2019; he was confirmed as managing director in November 2023. PHOTO: DERRYN WONG, …
A tanker has been struck by an unknown projectile northeast of Oman’s Limah, UK Maritime Trade Operations says on Tuesday Hormuz was deserted on Jul 21, with no ships observed …
The aircraft will be delivered from 2031 [MANILA] Philippine Airlines plans to place its first order for Boeing aircraft in almost two decades, with the airline agreeing to purchase as …
It reported after-tax profit of 538 million euros (US$616 million) for its fiscal first quarter through June 30 The weak results for Ryanair, Europe’s largest airline by passenger numbers, are …
BROKERS’ TAKE The brokerage, however, maintains a ‘hold’ call The brokerage’s updated estimate for the first quarter of FY2027 now ranges from a net loss of S$90 million to a …
Its strategy includes a central, data-enabled platform and expanding its aviation and food businesses Sats will establish a control centre for its operations in future that will use artificial intelligence …
Boeing expects air passenger traffic growth of about 2.3% this year [FARNBOROUGH, England] Boeing maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, …
CEO Hakan Samuelsson says Volvo Cars has dropped its ambition for full-year volume growth and his main current takeaway is that “the market is pretty bleak”. PHOTO: REUTERS [STOCKHOLM] Volvo …
Stay Updated with The Business Times - Transport & Logistics
Never miss important maritime news from The Business Times - Transport & Logistics. Set up personalized alerts or search for specific topics to stay informed about industry developments.