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FEARS have been expressed that having laid-up ships return to service, thus boosting capacity 785,000 TEU in coming months, threatens an ongoing rate recovery upon which carriers have pinned much hope. "This could threaten the nascent recovery in the liner markets," said the Paris-based Alphaliner analysts, adding that the upswing in capacity in the first...
CHINA's largest water transport project, Yangtze River Mouth's deepwater channel's phase three rectification, has passed the state inspection and the channel has been opened for trial operations, reports Xinhua. The channel linking East China Sea to Shanghai's Waigaoqiao Terminal is 12.5 metres deep and 92.2 kilometres long and widened to 350 400 metr...
BEIJING - China State Shipbuilding Co (CSSC) Holdings Ltd, the country's leading ship builder, announced Monday that net profits in 2009 shrank by 39.88 percent due to declining orders and prices hit by the global economic slowdown. The Shanghai-based firm said in its 2009 annual report that its net profit fell to 2.5 billion yuan ($366.2 million). Its...
Ocean business leaders from a diverse range of industries are distinguishing themselves as “Founding Members” of the World Ocean Council - an unprecedented international, cross-sectoral leadership alliance on stewardship of the seas. World Ocean Council members call on other responsible companies and industries to engage in this innovative partn...
The US House of Representatives has voted for and aviation bill, which if accepted by the Senate, will make it easier for FedEx employees to be unionised. The clause amends union rules governing express delivery staff such as FedEx workers, now under the more restrictive Railway Labour Act (RLA), but who would be re-classified with employees at other carr...
JAPAN Airlines Corp (JAL), Asia's biggest airline by sales, has announced it will suspend scheduled freighter flights by the end of October but continue to offer passenger bellyhold capacity, reports Dow Jones. JAL said its passenger fleet offers three times the cargo capacity of its freighter fleet and will be able to meet shipper needs throughout its i...
HONGKONG Association of Freight Forwarding and Logistics Limited (HAFFA) chairman Peter Wong told 700 members at his organisation's annual spring dinner that the group enjoyed a substantial improvements in demand during the last quarter of 2009 and he hoped this year would show more of the same. Mr Wong emphasised the industry's resilience in facing the...
THE Port of Quincy's intermodal service is to launch a cold train service for perishables on April 1 for the PNW-Chicagoland Express Intermodal Service that can cover more than 2,000 miles in four days against a lengthier truck alternative. Tree growers and fruit farmers of the Columbia River Basin will benefit from the service run by Kansas-based Rail L...
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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