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In its first-ever sales to the country, Australia's Rio Tinto, the world's second largest iron ore miner, will sell iron ore to Essar Steel. Rio Tinto will supply about 160,000 tonnes of Pilbara Blend fines later this month to Essar Steel. Essar Steel explained that the imports from Rio Tinto were an alternative raw material source, in addition to iron ...
Iron ore miner Fortescue Metals Group has nearly resolved the year-long dispute with its shipping charter contractors after agreeing to pay more than $US20 million to one of the counterparties involved, wrotes WA Business news. In early December 2008, Fortescue severed its long-term shipping contracts citing "changed market conditions" and "continue...
Sydney: Wilhelmsen Ships Service is seeing the benefits of its recently opened office the remote port of Broome. The office (pictured), launched in October is the comapny’s twentieth Australian port office and is located over 2000km from Perth and almost 2000km from Darwin. Broome is in close proximity to the rapidly growing oil and gas fields...
THAI authorities have focused on the task of inspecting 35 tons of weapons seized from a cargo plane loaded in North Korea, as details of the aircraft's past emerged, but its destination remained unknown. More than 100 security officials are working on a report on the 145 boxes and crates aboard the Ilyushin Il-76, containing explosives, rocket-propelled...
GERMANY's DHL Global Forwarding plans to secure more cargo capacity from airlines to avoid expected shortages between North Asia and Europe in the first two months of the year, reports the UK's Transport Intelligence. Backlogs of express freight built up on China-Europe, which resulted in steep freight rate increases in November and December and the com...
THE International Air Transport Association (IATA) revised its financial outlook for 2010 to an expected US$5.6 billion global net loss, larger than the previously forecast loss of $3.8 billion. For 2009, IATA maintained its forecast of a $11 billion net loss. "The world's airlines will lose $11 billion in 2009. We are ending an Annus Horribilis that bri...
CHINA Southern Airlines has announced the start of a new cargo service from Shanghai to Frankfurt and the re-start of the old Shanghai-Chicago cargo flights after an uptick in Sino-European/US volumes, reports Logistics Week. The Shanghai-Urumqi-Frankfurt route, offering two flights per week, has already made its maiden flight and the Shanghai-Chicago ser...
GOVERNMENT of south western city of Chengdu has signed an agreement with Shenzhen's Jade Cargo International to build the city into an international air cargo hub. On the same day, a Boeing 747 freighter of Jade Cargo carrying 117 tonnes of garments and hi-tech electronics took off from Chengdu airport for Vienna. Being Chengdu's first European servic...
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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