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Scandinavian airline group SAS saw its losses narrow in the second quarter and said it would have swung back to profit if it weren't for the ash cloud from an Icelandic volcano, Associated Press Newswires reported. SAS made a net loss of US$67.96 million in the April-June quarter, compared with a loss of $135.38 million a year earlier. The Stockhol...
Jakarta: Coordinating Minister for the Economy Hatta Rajasa announced on Thursday that Japan’s Itochu would invest in a $2.2 billion coal-transporting railway and port project in Central Kalimantan. Stretching 1,829 kilometers across Kalimantan on four lines that would connect ports and mines, the railway is one of dozens of public-private partner...
BETTER roads in Angola are weakening the air cargo market, reports the grieving Diexim Express executive director David Neto, according to the AngloPress Agency. "Despite airlines being the fastest and most secure, there is already a highway that has been improving day after day", said Mr Neto, who added that makes air cargo less profitable. Diexim ...
BRITISH Airport Authority (BAA) has finally reached an agreement with its trade unions by increasing its wage offer, thus ending a strike threat at six major UK airports. BAA, after talks at the conciliation service ACAS, said trade unions had agreed to recommend to members BAA's revised offer of an unconditional two per cent on pay and allowances and ...
PERTH, Australia- Agility, a leading global logistics provider, and its Gorgon Project transport partner Linfox, have completed 1,000 line haul road trips servicing the logistics hub that is supporting the Chevron gas field project off the coast of Western Australia. The milestone was achieved without any accidents or Lost Time Injury (LTI). “It i...
As part of the ongoing focus to strengthen its foothold in India whilst bolstering the trade lane between Asia and Europe, FedEx Express has enhanced its service offerings, reported The Economic Times. FedEx has launched a new flight from Bengaluru establishing direct connections to Europe and the Middle East and the US. With this, Bengaluru becomes the...
Logistics giant Panalpina has a new facility that caters to clients in the oil and gas industry, reported the Straits Times. The three-storey centre cost the Swiss company US$11 million to set up, and employs 60 people. It contains 1,100 sq m of office space, a 7,000 sq m covered warehouse and 14,000 sq m of open yard - bringing the firm's total wa...
Beijing Capital International Airport, which operates the airport in China's capital, reported first-half net profit rose 92 percent from a year earlier, according to Dow Jones Newswires. The Hong Kong-listed company expects air traffic to continue to rise in the second half, with growth of international passenger throughput outperforming growth of dom...
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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