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Taiwan shipping company Evergreen Marine plans to kick off an expansion that would add 100 new container ships to its fleet by placing orders with Taiwan, South Korean and Japanese shipyards, the Manila Bulletin reported. Evergreen Group chairman Chang Jung-fa said the 100 container ships would be built over 10 years. This year, Evergreen plans to order...
Boeing has won a US research and development support contract valued at up to US$1.7 billion over five years for upgrading the nation's air traffic control system, Dow Jones reported. The Chicago aerospace company said its prime focus would be on modelling and simulation for the Next Generation Air Transportation System, as well as developing full inte...
Airline finances rebounded strongly in the first quarter of this year, as a strong increase in cargo and passenger demand far outweighed extra capacity from new planes, Reuters reported. The recovery in airline performance seems to have resumed in May after disruption to flights from the volcanic ash cloud emanating from Iceland and economic concerns hi...
Asia-Pacific airlines will likely trim or maintain their fuel hedges at already reduced levels in the months ahead, as risk management costs surge on increased market volatility, Reuters reported. But a decline in oil prices offer carriers a window of opportunity to boost their exposure, as seen from the increase in hedging volumes by European airlines,...
RUSSIAN flag carrier Aeroflot recorded a cargo load factor in April of 64.5 per cent, up 13.7 per cent compared to the same month the previous year. The carrier flew 794,100 passengers (including charter service with 200 people) in April which is 27.4 per cent higher than the same period a year earlier, and provided 2.491 billion p-km, up 38.6 per cent....
CHINA SOUTHERN AIRLINES plans to join Sky Team Cargo in a bid to strengthen its competitiveness in China's domestic market. China Southern hopes the alliance will give it a competitive edge against Air China and China Eastern in the cargo transportation business, according to China Daily. The move comes as the government launches another restructur...
THE next time you call the IT helpdesk for your laptop, the engineer on the other end of the line could be a DHL employee. Purchased a new mobile phone? DHL staff may have configured the software. With counterfeit goods on the rise, a fraudster or unsuspecting consumer trying to claim warranty on an illegal product from the legitimate brand owner may ha...
Freight rates and volumes have spiked but containers are expected to remain in dire shortage until September, Business Times Singapore reported. “The trade is recovering - very much so. But the issue is, the shipping lines are facing a shortage of containers, and it's getting very critical,” said Tan Chor Kee, deputy managing director of Pa...
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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