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THE Kuehne + Nagel Group has posted a first quarter 2011 net profit of CHF154 million (US$171.4 million), a 17.6 per cent year-on-year increase, with the company claiming share gain from all units. The company statement declared that in spite of strong negative currency effects, revenues increased 4.7 per cent to CHF4.8 billion while the operational prof...
Hyundai Heavy Industries, South Korea's leading shipbuilder, said it has won a combined US$825 million order to build five ships, including four container vessels. Hyundai Heavy will build the four container ships under another deal with Container Carrier Corp of Greece and has options to build five more vessels under the deals, the yard said in a statem...
Kuehne + Nagel saw its net earnings improve by almost 18 percent in the first quarter as the Swiss logistics giant gained market share in all its business units. Despite strong negative currency effects, net profit reached US$172 million, while Ebitda grew by 9.2 percent to $278 million. "The good results in the first quarter underline the value of our ...
Damco today opened a giant new 26,000-sqm distribution centre to support the growth of international and domestic volume. The distribution centre, positioned strategically in Binh Duong, 30km from Ho Chi Minh City, will further strengthen Damco’s network in Vietnam that includes nine existing facilities nation-wide. The facility is well connecte...
Kuehne + Nagel China has further expanded its wide range of value-added services and is among the first logistics companies to provide in-house quality control services in Shanghai. The modern, multi-purpose quality control centre is located in Kuehne + Nagel’s container freight station (CFS), close to Shanghai’s city centre and Waigaoqiao se...
KUENE + Nagel has opened an aviation logistics hub in Montori-de-Bretagne, France to handle aircraft manufacturer Airbus' entire production logistics chains and feed its main manufacturing units of Nantes and Saint-Nazaire. It has been the leading logistics provider (LLP) for Airbus since 2008 operating over six regional hubs totalling 150,000 square me...
ALL Nippon Airways, one of Japan's two major airlines has reported an 18th month of consecutive growth in international cargo volumes in February of 11.3 per cent to 34,123 tons. February marked a slower rate of change for the second month following December increase of 29.3 per cent and January's 15.8 per cent hike. ANA's international cargo volume ...
ANGRY forwarders outside the US have protested discrimination by Federal Maritime Commission (FMC) when onerous rules were eased for Americans firms, but not for them. The FMC exempted domestic non-vessel operating common carriers (NVOCC) from the obligation of maintaining tariffs, but retained the obligation for foreign firms. Christopher Gillespie, ch...
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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