The Panama Canal Authority and the Soy Transportation Coalition signed a memorandum of understanding Monday during a luncheon sponsored by the STC in Washington, D.C. The agreement is aimed at fostering joint marketing efforts, the exchange of data to forecast future trade flows and market trends, and the sharing of information related to modernization an...
Chinese shipbuilders completed 14.46 million dead weight tons of shipbuilding orders in the first quarter of this year, remaining almost unchanged to the same quarter of 2010, according to statistics released by China Association of National Shipbuilding Industry or CANSI, China Knowledge reports. Of the completed orders, 12.2 million DWT were for exports...
STX OSV has announced a strong set of results for the first quarter with double-digit percentage growth for both revenue and profit on year. Net profit for STX OSV went up 28% to NOK312m ($56.89m) in the first quarter compared to NOK245m in the same quarter last year. Revenue also grew 21% to NOK3.19bn compared to NOK2.65bn in the same period last year, the...
Yang Ming Marine Transport Corp posted an improvement in its first quarter results compared to year-ago levels, Seatrade-asia reports. Net profit for the Taiwanese liner was recorded at NT$119.96m ($4.2m) in the first quarter, surging from NT$22.09m posted in the same quarter last year. The Taipei-listed firm registered revenue of NT$22.94bn, inching up f...
AMERICA's Transportation Security Administration (TSA) is unsure about enforcing the scheduled December 31 deadline for 100 per cent US inbound bellyhold air cargo screening in the face of widespread industry lobbying, according to London's International Freighting Weekly. A TSA spokesman told IFW that it was reviewing industry input "before determinin...
SEATTLE'S Expeditors International posted a first quarter profit increase of 49 per cent year on year to US$91.2 million, drawn on net revenues of $453.9 million, up 25 per cent. This left the logistics provider with a first quarter operating profit of $147.2 million, up 46 per cent year on year, reported Newark's Journal of Commerce, adding that net r...
THE Danske Bank European Freight Forwarding Index was up to 67 points in April from the 64 points it scored in March, reported the UK's Transport Intelligence. The index rates movement on a scale of 0 to 100, with 50 showing expansion among the participating forwarders with rating below that measuring decline. While European forwarders enjoyed growing ...
VIRGINIA's Interstate Container is investing US$13 million to establish a manufacturing plant to make containerboard to ship food products, reports South Carolina's Lexington County's Area Development Online. "We are pleased to move forward with plans for our newest facility. Lexington County offered us a great location and has the positive business e...
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