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IN an effort to expand its European oil and gas network, Kuehne + Nagel (K+N) has established two new offices in northwest and Russia's Far East. One hundred miles due east of the Finnish border, K+N's Murmansk branch boasts reliable domestic and international transportation links, and is strategically placed for the upcoming launch of the Shtokman gas ...
Calgary-based Canadian Pacific Railway (CP) has announced a net profit of C$99.8 million (US$99.4 million) for the first quarter ended March 31, up 74 per cent from the C$57.3 million recorded during the same period last year, according to the Shipping Gazette. The improved figures are indicative of improved conditions, which helped spur an increase in th...
Jiangsu Rongsheng Heavy Industries Co Ltd has appointed two Wall Street banks to help it push forward a long-awaited listing plan to raise up to $1.5 billion late this year. China's No.1 private shipbuilder hired Morgan Stanley and JPMorgan to finalise plans for its initial public share offering in Hong Kong, aiming to raise up to $1.5 billion...
Shin Yang Corporation Bhd (Shin Yang), a local shipping company based in Miri, Sarawak expects to list this summer. "The group's listing proceeds will be used for the construction of additional vessels so that we can tap further on the growth demand from the East Asian market. "Additionally, the proceeds will be used to enhance our shipbuilding capacity...
Mayor Mao Guanglie of Ningbo, China underlined the city's potential for working closer with Vietnam in industry, manufacturing and container ports at a Vietnamese-Chinese trade and economic forum in Ningbo, Thai News Service reported. The trade and investment cooperation between Ningbo and Vietnam has recorded an annual average rise of nearly 30 percent ...
Officials of the Clark International Airport Corporation (CIAC) have signed a memorandum of agreement (MOA) with the Asia Foundation to prepare strategic plans for the full development of the 2,367-hectare Clark Civil Aviation Complex as a service and logistics hub, the Manila Bulletin reported. "This agreement with Asia Foundation will prepare the strate...
Dutch postal and express company TNT reported a larger-than-expected rise in first-quarter net profit on the back of cost savings and a recovery at its express unit, and said its markets are set to improve this year, the Wall Street Journal reported. Chief executive Peter Bakker said that although the global economic recovery remains fragile, he assumes a...
TIANJIN Binhai International Airport handled 50,100 tonnes of freight during the first quarter of this year, increasing 50.6 per cent year on year, accounting for 25 per cent of the annual target, Logistics Week reported. The airport's passenger throughput went 25.4 per cent up to 1.6 million, taking up 23.1 per cent of its annual target. If the airpor...
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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