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Thai Airways International expects to conclude a bank loan deal worth US$338.67 million for refinancing purposes around September or October, Dow Jones reported. "Previously, we planned to raise this amount via bonds. But given ample liquidity in the financial system and intense lending competition among banks, financial costs on the loans and the bonds...
FLIGHTS have resumed on John F Kennedy International Airport's "Bay Runway", the region's longest and busiest runway after a four-month shutdown to re-build it, implement flight delay measures and increase its width to handle the world's largest commercial planes. The runway - one of only three in the US long enough to land the NASA space shuttle - w...
AN Airforwarders Association (AA) survey has determined that most forwarders are "cautiously optimistic" that the August 2010 deadline for screening 100 per cent of air cargo could be met without costly delays. The findings were recently shared with the House Homeland Security Committee's Subcommittee on Transportation Security. "The freight forwar...
HONG KONG Air Cargo Terminals Limited (Hactl) has appointed Mark Whitehead following approval by the board of directors to be the next managing director of Hactl effective September 1. Over the last 23 years Mark has held numerous management positions within the Jardine Matheson Group and most recently as executive director of Hongkong Land. M...
CEVA Logistics has signed a three-year agreement with BMW Italia SpA for the operation of a new Dealer Metro Distribution Centre (DMDC) in support of BMW's dealers in Lombardy and Piedmont. CEVA will manage original BMW and MINI spare parts in the new DMDC, a logistics platform covering 3,100 square metres in Albairate in the province of Milan. The war...
DEUTSCHE POST DHL has announced the roll out of its suite of multi-modal services by its Global Forwarding and Freight division, combining air, road, rail and sea transportation to move cargo from China worldwide. "We believe multi-modal solutions will shape the future of logistics as companies look for ways to reduce their carbon footprint, reduce tran...
During this initial phase, the Moscovite line - the first direct scheduled train of its kind - travels between Germany and Russia once a week, covering roughly 2,200 km in seven days. Dr. Karl-Friedrich Rausch, member of DB Mobility Logistics' management board and responsible for transportation & logistics, said there has been increased customer de...
Italian carrier Alitalia will join an Air France-KLM and Delta Air Lines joint venture that shares revenues and costs on transatlantic routes, giving the alliance access to Europe's third biggest market, Reuters reported. The airlines said the addition of Alitalia means the venture represents about 26 percent of total transatlantic capacity with annual...
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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