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Media
The Kenyan Revenue Authority (KRA) is working to uncover a smuggling ring at Mombasa after discovering that the 22 boxes that slipped through customs untaxed was not an isolated incidents, but were moving out at that rate every day, reports the Nairobi Daily Nation. Investigators are now working on the theory that the illegal transfer of goods, which most...
DHL HAS introduced a weekly less than container load (LCL) service from Hong Kong to Guatemala, reducing transit time between the two destinations to within 27 days. The new line comes in response to growing trade volumes between Asia and Central and South America, which according to the World Trade Organisation's 2009 International Trade Statistics Repo...
Cargotec's governance model has been further developed resulting in changes in the responsibility areas of three Executive Board members as of 1 April 2010. Cargotec has appointed Pekka Vauramo Chief Operating Officer (COO) and he continues as Deputy to CEO. Previously, he led the Industrial & Terminal business area. In his new role Pekka Vauramo is r...
The German government considers possibilities to back maritime companies - port operators, shipping firms, shipyards, suppliers and service providers - e.g. by placing public orders ahead of time, or within the scope of development projects such as a passenger ferry for Asia, and projects in Africa. Furthermore, proceedings related to a promotional programm...
A meeting of like minds at the Combined Logistics Networks annual meeting in Bangkok from May 25-30, 2010, aims to be a good start to rebounding quickly from the impacts of the Global Financial Crisis. Combined Logistics Networks (CLN) is an alliance consisting of the Combined Freight Network, made up of independent freight forwarders, airfreight speciali...
Baltic Dry Index falling the second week, has reached 3337 points as of March 22nd. From March 15th, when the BDI began to decline, it has dropped by 237 points (6.7%) The BDI reached its 4661 maximum value for 2009 on November 19. The BDI reached its highest level ever (more than 11700 points) in May 2008, beginning its slump in mid-July the same year....
The Obama administration is showing "dangerous signs" of moving towards protectionism, said Lord Mandelson, UK business secretary, adding there was the risk of "a real falling out" between America and Europe on trade, the Sunday Times reported. Mandelson said a recent decision by the Pentagon to rejig the bidding for air-to-air refuelling tankers – ...
CHINA EASTERN Air Holding Co, the China Eastern Airlines' parent company, has acquired 51 per cent of cargo airline Great Wall Airlines (GWL), reports London's International Freighting Weekly. The share has been held by Beijing Aerospace Satellite Applications Corp with other remaining shareholders being Singapore Airlines Cargo, which holds 25 per cent...
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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