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Media
PIRAEUS' Danaos Corporation, a leading international owner of containerships, has posted a 34 per cent decline in 2009 net profit to US$65.6 million, drawn on revenues of $319.5 million, which increased 6.9 per cent year on year. "[This] is mainly attributable to increased losses on our interest rate swaps in the 12 months ended December 31 compared to t...
Sri Lanka's shipping community is trying to raise more awareness of trade and logistics among the work force and students to try to overcome a critical shortage of skilled people, Lanka Business Online reported. "We hope people will get more expertise in these subjects," said Gehan Kuruppu, vice chairman of the Sri Lanka Shippers' Council. "We are jus...
Gottwald Port Technology has launched a hybrid drive for its mobile harbour cranes that offers environmental and financial benefits to end users, Euclid Infotech reported. The hybrid drive combines state-of-the-art generators in connection with dynamic brake resistors and short-term energy storage to achieve fuel savings in the double-digit percentage ran...
Nippon Yusen, Nippon Telegraph and Telephone Corporation and Mitsui and Co plan to team with China's largest port operator to develop a freight-tracking system that uses smart tags, the Nikkei Report reported. Nippon Yusen and the Chinese firm, Shanghai International Port are to start using the new system around 2012. Tracking freight becomes difficult...
PENDING state approval, Russian flag carrier Aeroflot will expand its 2002 Moscow-Paris code share agreement with French flag carrier Air France to a number of additional destinations, the country's Transport Daily Report said. Under the new accord, shared destinations will include Strasbourg, Lisbon, Lyon, and Marseille in France. And on the Russian sid...
THE all-cargo service from eastern China city Wuxi to Hong Kong is scheduled to commence operation April 10, offering greater convenience to shippers in the city and its neighbouring regions, Xinhua reported. The service offers two flights per week on Wednesdays and Saturdays, taking off at 1435 hrs from Wuxi. Flight number is J56268. An unnamed person ...
THE Civil Aviation Administration of China (CAAC) has given the green light to Korea's Asiana Airlines to launch Seoul-Los Angeles-Yantai-Seoul scheduled cargo service using Boeing 747 freighters, Xinhua reported. The move means Asiana has been granted the fifth air freedom to fly to Yantai, a city in eastern China's Shandong province. Yantai becomes th...
A SHIPPING confidence survey for the next year from shipping tax advisor Moore Stephens' reveals a 15-month high in confidence, but an overall dampening of spirit on freight rate increases on the back of newbuilding that will upset the supply and demand balance. According to its latest report for the diminishing orderbook overhang and booming scrappage w...
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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