Media
Media
New Delhi: The government is considering a proposal to allow Shipping Corporation of India (SCI) to raise fresh equity from stock markets while divesting part of its shareholding in the company. “We are working on some ideas. One of them is disinvestment of government stake and issue of fresh equity by the company. However, there is no definite propos...
Recovery trend marks improvements compared with worst year since 1992 After falling for 14 months in a row, Japanese export ship orders rose for the fifth consecutive month in April on a year-on-year basis, surging 103.3 percent to 833,791 gross tons, according to figures released by the Japan Ship Exporters' Association. The gross tonnage was still 46...
Tradeoff comes in fixing ‘inventory issues,’ but fabrics sales lag Hancock Fabrics says higher freight shipping costs from the company’s attempts to adjust inventory levels helped push the retailer into a steeper loss in its fiscal first quarter. The Mississippi-based fabrics seller did not detail the freight charges, but its overall...
Morgan Stanley index shows demand levels slipping, capacity stabilizing The pace of recovery is slowing for truckload carriers, as truck capacity stabilizes at a lower level, according to the May 28 Morgan Stanley Truckload Freight Index. The daily TL index rose 5.2 percent this week to 4.42 on May 28, up 21.9 percent from a year ago and 14.5 percent ...
Evergreen and China Shipping are launching a new transpacific service this week, linking Los Angeles and Oakland with central and northern China, Canada Business News Network reported. The new service will be called the China/South US West Coast Service 2 (CPS2). The port rotation is Oakland, Los Angeles, Qingdao, Shanghai, Ningbo, Oakland. The CPS2...
United Parcel Service (UPS) sees the European sovereign debt crisis as more grave now than a month ago, but said the weak Euro will boost its business shipping packages out of Europe, Reuters reported. "The weak Euro helps European exports," chief executive Scott Davis said. UPS has a combined air and ground network in Europe that accounts for 50 pe...
CANADA's federal government plans to spend C$95 million (US$87.8 million) over the next five years to bolster air cargo security amid criticism that cargo transported in the bellyhold of passenger aircraft undergoes little scrutiny. According to a government briefing note, the Transport Ministry intends to implement an "Air Cargo Security Programme" th...
AIRBRIDGECARGO Airlines (ABC), the scheduled subsidiary of Volga-Dnepr Group and Russia's largest international cargo carrier, has expanded its Russia network by launching two weekly flights in a direct air cargo service between Moscow and Frankfurt, Germany. The new routes will fly to Amsterdam, Ekaterinburg and Frankfurt, and Moscow (Domodedovo Inter...
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
qq.com