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Media
INTERMODAL container lessor, CAI International, posted fourth quarter 2009 profits of US$3.1 million, narrowly beating analyst forecasts, though still a big improvement on 2008 loss of $44.4 million. Net profit, which included a restructuring charge in 2009 related to the CAI Consent acquisition, and a goodwill impairment charge in 2008, was still down ye...
EIGHT bids to build an 800,000-TEU container terminal at Jawaharlal Nehru-Nhava Sheva (JNPT) port complex near Mumbai has arrived in response to a call for tenders, reported India's LiveMint Wall Street Journal. Bidders include DP World, which already manages one of three existing terminals at the port, India's largest as well as Mundra Port and SEZ, wh...
NYK Holdings, a wholly-owned subsidiary of NYK, recently acquired a 26 per cent stake in TM International Logistics (TMILL), a subsidiary of India's largest steelmaker, Tata Steel. Founded in 2002 as a joint venture between Tata Steel and Germany's IQ Martrade, TMILL specialises in the provision of steel-related logistics and harbour operation services....
SOUTHEASTERN China's Fujian province is to become the first in China to widen the coverage of its simplified customs clearance to both imports and exports effective March 15, Logistics Week reported. The simplified service has always been given to only export cargo. With the improved service, now importers can also enjoy one-stop inspection service at th...
CHINESE inland region of Ningxia has received the task assigned by the Lanzhou Railway Administration to achieve an annual rail cargo movement of 43 million tonnes by the end of this year, Xinhua reported. The target is nine million tonnes, or 26.5 per cent more than last year's targeted volume, and 2.3 million tonnes, or 5.7 per cent, more than last yea...
RUSSIAN airline, Volga-Dnepr, recently transported two 63.8 tonne electro stations from Italy to Russia. The delivery was made using two of the carrier's Anatov AN-124 freighters, the world's largest fixed-wing aircraft after the An-225. Group Commercial Director (Charters), Dennis Gliznoutsa, credited the success of the move to Volga-Dnepr's Enginee...
AMERICAN Airlines Cargo continues with expansion in the opening of a relocated cargo terminal at John F Kennedy International Airport and its expanded terminal at Los Angeles LAX. The New York facility now boasts three coolers for perishables, an environmental room and a live-animal handling area within a 41,148 square metres warehouse with 24 dock doors ...
OREGON-based Evergreen International Aviation has lost its parts-delivery contract with Boeing after the aircraft manufacturer decided that it would hand the lucrative deal to Evergreen competitor Atlas Air starting September this year. As reported by the Yamhill Valley News Register, Evergreen first won the contract with Boeing in 2005, which requires th...
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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