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- A new security device has been unveiled by Zenloc Security Systems of the UK in a bid to reduce the number of thefts from containers, trucks and trailers. To be introduced into the UK market this autumn, the device is fitted to the rear doors of a container or trailer and, if disturbed, sends a signal to the driver. It also emits a piercing alarm and st...
Kuala Lumpur: Datuk Shamsul Azhar Abbas, former MISC ceo, has been appointed as president and ceo of Malaysian national oil and gas company Petronas. Shamsul will replace Tan Sri Mohd Hassan Marican in the top post at Petronas from February 10. Petronas is Malaysia’s largest company and its interests include a majority stake in MISC. Malaysian Prime M...
Berlian Laju Tankers has launched a $100m bond issue to finance expansion and repay debt. The 12% guaranteed convertible bonds to be issued through a private placement will mature in 2015. The proceeds from the issue will be used in part to expand in the cabotage trades in Indonesia where BLT noted it was well placed to benefit from its longstanding relatio...
AUSTRALIA's Toll Group has acquired Summit Logistics International, an independent US freight forwarding and supply chain business, for A$80 million (US$70.53 million). Summit generates annual revenue of around A$300 million and is a top five provider of ocean freight services on the transpacific route between Greater China and North America, Toll said i...
DHL plans to invest US$10 million over the next few years in its new joint venture in Bangladesh to enhance its logistics capabilities in the country. The announcement comes after DHL signed an agreement with its long-standing partner, Trade Clippers Cargo Limited, to form the new entity, DHL Global Forwarding Bangladesh. As part of this investment, DHL...
FEDEX Express has announced that it is donating its logistical services to transport two giant pandas from the US to China. Working in conjunction with the Smithsonian's National Zoo in Washington, DC and Zoo Atlanta, FedEx Express will fly the pandas from Washington's Dulles International Airport on February 4 to Chengdu, China. Tai Shan, a four-and-...
MISSOURI's state capital of Jefferson City has welcomed the Chinese ambassador to the US Zhou Wenzhong following last year's state funding by the Midwest China Hub Commission project for a air cargo hub at Lambert-St Louis International Airport. The project aimed to revive importing of Midwestern goods back to China is valued at US$40 million and includ...
Shenzhen's China International Marine Containers Group (CIMC), China's largest container manufacturer, recorded a loss of US$100 million in its box production business last year, Xinhua reported. Hong Kong's container manufacturer Singamas Container Holdings, the second largest box maker, recently warned of a "significant loss" in 2009 results compared...
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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