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EUROPEAN anti-competition regulators have given Hong Kong's Cathay Pacific Airways the nod to acquire a stake in Air China's cargo unit, saying the deal would not hurt competition in Europe. Cathay Pacific announced in February that it would form a joint venture with Air China to capture the lucrative air cargo business in two top Chinese manufacturin...
A RECENT report shows that business logistics costs fell to 7.7 per cent of US gross domestic product (GDP) in 2009 compared with the previous year's 9.3 per cent. Actual logistics spending declined significantly, as did inventory carrying costs, owing to a 4.6 per cent decrease in stock levels and record low interest rates, said Containerisation Inter...
CONTAINER truckers in Nigeria are facing growing incidents of robbery in which assailants appear in military uniforms and official-looking cars with sirens, then "arrest" and sedate victims before driving off their container trucks to pre-arranged buyers, reports the Lagos Vanguard. Robbers typically operated from Hilux Jeeps with tinted glasses and sir...
EUROPEAN UNION leaders meeting in Brussels are considering imposing sanctions on Iran, augmenting those imposed by the United Nations Security Council. In a statement, European leaders said measures should focus on trade, including goods that can be used for civilian and military purposes and "further restrictions on insurance," according to the New Yor...
Cathay Pacific received EU regulatory approval late last week for its US$474 million cargo joint venture with Air China to expand into the fast-growing Yangtze River Delta region. The Hong Kong-based airline said in February it would pay US$124.8 million for a 25 percent stake in Air China Cargo and provide a $119.7 million loan for an additional 24 per...
Japan Airlines (JAL) will likely need another US$1.1 billion in financial aid as it now expects larger writedown losses from asset valuations, Dow Jones reported. The airline, which filed for bankruptcy protection in January, is preparing to submit a restructuring plan to the Tokyo District Court. But JAL and a state-backed turnaround body - the Enterpris...
Apeejay Infralogistics, a joint venture between Apeejay Surrendra Group and Eredene Capital, UK, hopes to commission the first phase of its two integrated logistics parks at Haldia (West Bengal) and Kalinganagar (Orissa) towards the end of this year, the Hindu Business Line reported. "We have just received the Commerce Ministry's approval for setting u...
European Union anti-trust regulators cleared a joint venture all-cargo airline between Hong Kong’s Cathay Pacific and Air China Cargo. The EU said the deal, under which Cathay Pacific will acquire 49 percent of Shanghai-based Air China Cargo, would not reduce competition between Asia and Europe as their combined market share is “limited”...
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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