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FIRST Container Terminal at St Petersburg handled between January and May a total of 484,671 TEU, an increase of 6.6 per cent compared to the same period a year earlier. In May alone container throughput reached a record 115,295 TEU, up 13 per cent year on year. Since the beginning of the year box traffic between FCT and National Container Company's of...
THE Baltic Exchange, or Baltex, has opened online trading in dry bulk derivatives, signing on Cargill, Morgan Stanley, Toepfer, and shipping hedge fund M2M Management, with Cargill being the biggest player, accounting for 200 million tons. Supervised by Britain's Financial Services Authority, Baltex provides Forward Freight Agreement (FFA) prices and onl...
THE risk of oversupply of containerships is growing because cancellations and order postponements will do little to reduce the flow this year, according Paris-based maritime analysts Alphaliner, whose research shows 2011 cancellations and delays will return to pre-downturn levels - five per cent - following the dramatic cutbacks of 2009 and early 2010. "...
OREGON's Portland International Airport (PDX) has restored its international cargo service with Asiana Airlines providing a thrice weekly Boeing 747 freighter service to Seoul effective September 2011. The Pacific Northwest airport, operated by Port of Portland, will provide cargo flights for shipment of Nike, Intel, Oracle and agricultural products such...
CANADA's Bombardier aircraft maker posted a 12 per cent year-on-year first quarter profit increase to C$220 million (US$225.3 million) drawn on revenues of C$4.7 billion, up nine per cent. The news follows reports of a recently received a US$665 million order from Sweden to buy ten C-series narrow-body, twin-engine, medium-range jet airliners, which foll...
FRAPORT handled 2.2 million tons of air freight last year, representing an increase of one fifth as well as moving 53 million passengers in 2010, up four per cent year on year. Group profit amounted to EUR271.5 million (US$393.2 million). The company said the growth trend has continued throughout the first months of 2011. Group revenue rose 9.2 per cent l...
Global aviation, which has struggled for earnings over four decades, now looks to China and India to boost profitability, said the International Air Transport Association at its annual meeting. Asia-Pacific region is forecast to net US$2.1 billion profit in 2011 from a global cargo, representing 40 per cent of the total, said departing IATA chairman and C...
SHIPPERS want a share of cost-savings benefits generated by slow-steaming through reduced ocean freight rates, according to a poll of 290 logistics executives. Philadelphia-based forwarding logistics company BDP International, its Centrix consulting unit, and St Joseph's University did the poll in April, reported Newark's Journal of Commerce. Half the ...
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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