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Media
TEXTAINER Group Holdings Limited, a global lessor of intermodal containers, has posted a net profit of US$25.5 million for the first quarter ending March 31, an increase of $5.7 million, or 29 per cent year on year. Revenue stood at $69.2 million, up $9.6 million, or 16 per cent, year on year. EBITDA for the quarter rose by eight per cent, or $3.5 million...
DHL has announced the opening of its new ocean freight terminal in Kochi and the launch of its weekly direct Less than Container Load (LCL) Consol services connecting Kochi to Europe, North America and the emerging markets via DHL's multinational gateway in Colombo, the Hindu Business Lines reported. Operated by Danmar Lines, DHL's in-house carrier, the...
German logistics group Lehnkering has awarded a contract for the construction of a new state-of-the-art gas tanker to Dutch shipbuilder TeamCo Shipyard on 23 April 2010, according to Logistics Finland. The building time will be around 14 months from the time of signing the contract. The integrated pressurised gas tanks are manufactured in Germany by Grone...
UNITED Airlines has announced the completion of its first flight using natural gas synthetic jet fuel in a 40/60 mix with conventional Jet A fuel in one of two engines aboard an Airbus 319. "This flight confirms our assumptions about how this fuel performs on a commercial aircraft and is the next step in our effort to stimulate competition in the aviation...
CARGOLUX has boosted the number of Budapest-Hong Kong flights to five per week, according to Ferihegy Airport operator Budapest Airport, reports Hungarian news agency, MTI-ECONEWS. The Luxembourg-based airline is one of the biggest cargo carriers at Ferihegy Airport, handling 19,000 tonnes of the total 70,000 tonnes of air freight that passes through the ...
DB Schenker has announced that Schenker Russia ZAO and Schenker Ltd have merged their organisational structures in Russia. "Integrating our operations will not only allow us to strengthen and expand our competitive position in this important growth market," said Karl Nutzinger, CEO Europe Schenker AG, "the new structure will also enable us to provide our ...
THERE are concerns that a worldwide shortage of refrigerated containers could limit imports of fresh produce this year, reports ThePacker.com, of Kansas City, reporting on a recent Las Vegas produce convention. Orders for new refrigerated containers have increased this year, but shipping companies remain reticent about the economic outlook, Thermo King gl...
FUNDING for the Savannah Harbour Expansion Project has been approved by the State of Georgia's budget in preparation for the completed expansion of Panama Canal in 2014. The Savannah Harbour Expansion Project (SHEP), which will dredge the Savannah River's navigational channel from 42-feet to 48 feet has US$68,435,000 earmarked by the Georgia General Ass...
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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