Media
Media
India and Nepal have signed a memorandum of understanding (MoU) to develop rail infrastructure at five points along the Indo-Nepal border, Exim News Service informs. The project is estimated to cost Rs 1,373 crore, the Minister of State for Railways, Mr K. H. Muniyappa, told the Lok Sabha. The Jagbani-Biratnagar new line and the Jayanagar to Bijalpura g...
An improvement in the US trade gap with China is adding to optimism that both air and sea cargo volumes are on the up escalator. Latest figures on the US trade deficit show that although it widened in February, the deficit with China fell to US$16.5 billion, the lowest level in 11 months. However, it was still the biggest trade imbalance the US has with a...
Despite strong volume increases in the opening months of this year, worldwide ocean container trade is expected to see only a modest recovery over the next couple of years, growing by around 11 percent in 2010 as a whole and five to six percent in 2011. Meanwhile, global container shipping capacity looks set to increase by 25 percent between now and the e...
GERMAN express delivery giant DHL is taking measures to boost air freight capacity in its forwarding division to cater to increasing demand from Asia. The logistics group has accordingly enlarged its air freight network with the creation of additional consolidation services in the Middle East and Africa. Further measures have also been taken to enhance bl...
INTERNATIONAL Air Transport Association (IATA) chief Giovanni Bisignani has lashed out against European government officials, who he says have demonstrated poor leadership in the Icelandic volcano crisis that continues to cost airlines US$200 million a day in terms of lost revenue. Mr Bisignani said he was surprised to learn it took up to five days for mi...
AMERICAN Airlines will launch a new service from Chicago to Beijing on Monday, April 26, and has held a promotional campaign in Chicago, Logistics Week reported. The maiden flight will take off at 1125 hrs on April 26 from Chicago's O'Hare, reaching Beijing's Capital International Airport at 1355 hrs on April 27. The service uses 245-seat Boeing 777 ai...
AIR CHINA has posted a first quarter net profit of CNY2.17 billion (US$317.6 million), up 121.3 per cent revenues of CNY14.7 billion, up 30.7 per cent, attributing gains to rising domestic and international passenger as well as cargo volumes. Full-year 2009 net profit came to CNY4.85 billion against a loss of CNY9.26 billion in 2008 with sales of CNY51.39...
SINGAPORE's NOL Group has appointed Gene Seroka as president of its subsidiary APL shipping line's business in the Americas. Mr Seoka succeeds John Bowe who leaves in June. Said NOL chief executive Ron Widdows: "The Americas are critical to our success. Gene's job is not just to maintain our presence there, but to build on our brand and grow our busine...
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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