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Navios Maritime Holdings, Greece, has reached an agreement to acquire two Capesize vessels, currently under construction at a South Korean Shipyard. The vessels will be delivered in the second half of 2010. Angeliki Frangou, Chairman and CEO of Navios Holdings said that the Piraeus-based company had acquired a total of six newbuild Capesize vessels and ...
Shandong, China: Samjin Shipbuilding Industries launched a 33,5000DWT log/bulk carrier on August 19. Measuring 172 metres by 30 metres, the vessel has a height of 14.7 metres and a cruising speed of 14 knots. The vessel is the first of six in a series ordered by International Limited. The vessel was launched two weeks after originally scheduled. &nb...
The Ministry of Housing and Urban-Rural Development says China will have 158 metro lines by 2015, CCTV reports. The state council recently approved a plan to build 79 new rapid transit systems in 22 Chinese cities over the next 6 years. A total of 2,260 kilometers of tracks will be laid, with investment of more than 820 billion yuan. Analysts say the mo...
Rutges Cargo has launched ‘Urgent’, a new secure express delivery service for customers needing to move valuable, time and temperature-sensitive shipments in Europe. The European truck operator, which serves customers in the air cargo, hi-tech, pharmaceutical and perishable sectors, has invested in a fleet of small vans capable of carrying up ...
Japan Airlines (JAL) and Nippon Yusen Kaisha (NYK) jointly announced that Japan Airlines International (JALI) - the key subsidiary of JAL, and NYK, have reached an agreement to commence negotiations involving the restructuring of their cargo business and a potential merger between the cargo business of JALI and Nippon Cargo Airlines (NCA) - a subsidiary of ...
CHINA Southern Airlines, Sinotrans Air Transportation Development, and Shenyang Taoxian Airport have jointly established an airport logistics firm, reports Xinhua. With CNY70 million (US$10.2 million), the joint venture was inaugurated in the north eastern Chinese city of Shenyang, Liaoning province. Its establishment was recognised as a breakthrough in C...
Freight volume at London Heathrow Airport has taken a dive in the first seven months of the year, down 16.1 per cent year on year compared to its three per cent passenger decline, but month to month July figures show 5.7 per cent growth. Compared to the same month in 2008 the volume of cargo declined by 11.9 per cent, but the decrease was smallest yet, re...
Airborne Maintenance & Engineering Services (AMES), a full service aircraft maintenance and engineering company offering routine line and heavy maintenance, as well as component repair, overhaul, and specialized services including flight deck upgrades and airframe modifications, marked its 100th day in operation by highlighting its significant acc...
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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