Logistics News

Top admiralty lawyer seeks IMO to immunise armed guards on shipsMay 11, 2011

TOP admiralty lawyer John Cartner, author of The International Law of the Shipmaster, is pressing the UN's International Maritime Organisation (IMO) to allow armed guards on ships to guard against pirates, reports the Maritime Advocate. "I urge shipowners and other stakeholders to bring pressure on IMO to enact these changes. It is an inexpensive and sim...

Bombardier Transportation presents TRAXX AC locomotiveMay 10, 2011

At this year’s Transport Logistic trade fair from May 10 to 13, Bombardier Transportation will premiere a BOMBARDIER TRAXX AC locomotive with a supplementary diesel motor. Known as Last Mile Diesel, this innovation removes the need to change locomotives in shunting areas of a rail network. The new technology offers increased flexibility, example at ...

600 new jobs in Leipzig createdMay 10, 2011

DB Schenker Logistics, the logistics division of Deutsche Bahn, is setting up a new logistics centre in Leipzig to supply components to automobile plants in China and South Africa. Schenker Deutschland AG will create around 600 new jobs in Leipzig to cope with this order from BMW plants, Exim News Service reported. "We are fully aware of the enormous resp...

Rising costs cut Atlas Air Worldwide's US$10.5 million first quarter ...May 10, 2011

ATLAS Air Worldwide Holdings (AAWW), parent of Atlas Air and majority shareholder of Polar Air Cargo Worldwide, has announced 222 per cent fall in first quarter net income to US$10.5 million, drawn on revenues of $297.6 million, which was up 0.88 per cent. Results include an increase in maintenance and start-up expenses for 747-400 Boeing converted freigh...

Air China Singapore to form marketing alliance with ICBCMay 10, 2011

AIR China Singapore plans to establish a joint marketing alliance with the Industrial and Commercial Bank of China (ICBC) to tap into its "vast number of potential credit card members," in a bid to develop the carrier's high end travel market. This comes in the wake of the airline increasing its investment in its flight capacity on the Singapore to Beij...

Cathay, other defendants, to contest 'NZ market' definition in Auckl...May 10, 2011

HONG KONG's Cathay Pacific, Emirates, Japan Airlines, Korean, MAS, SIA and Thai Airways appear in New Zealand High Court in Auckland on Wednesday May 11 to contest the prosecution's definition of what constitutes a domestic market as applied in air cargo price-fixing charges against the carriers. The first stage of the case focuses on whether the "air c...

St Petersburg NCC first quarter volume up 4.7pc to 369,376 TEUMay 10, 2011

FIRST quarter throughput of the First Container Terminal (FCT St Petersburg) was up 4.7 per cent to 369,376 TEU with a year-on-year April increase of 16.3 per cent to 112,611 TEU, Russia's National Container Company (NCC) has announced. First quarter throughput at Logistika-Terminal (LT St Petersburg) in January-April 2011 was 26,283 TEU. In April LT han...

Textainer first quarter profit up 39pc to US$45.5 million on 31pc more...May 10, 2011

SAN FRANCISCO's big container lessor, Textainer, has posted a 39 per cent first quarter year-on-year profit increase to US$45.5 million drawn on revenue a 31 per cent increase in revenue to $91.2 million. The company also announced that it has ordered 166,000 TEU in new dry boxes and 9,000 TEU in reefers for $506.5 million, augmenting its stock of 2.4 m...

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