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GS1 EPCglobal has appointed Tony Hollis, director of innovation and technology management at Exel, as co-chair of the Transportation and Logistics Services Industry Action Group (TLS IAG). During the past several years, Hollis has worked with GS1 EPCglobal, a not-for-profit standards organization, to create the TLS IAG, which is a gath...
ProLogis announced that it has closed on three secured loans totaling $347 million with two major life insurance companies. Two of the loans, totaling $245 million, are ten-year, interest-only, secured corporate financings with 50 properties in 13 markets as security. The remaining $102 million loan is a five-year, interest-only, secured corporate financing...
The Shipping Association of Malaysia has said that it expects box volumes in the country's ports to be down 20% this year due to the drop in demand and global overcapacity. SAM chairman Ooi Lean Hin said that this was in line with global trends and that the coming year would see a struggle for some companies go under. With many container newbuildings due f...
The Shipping Corporation of India has called on the country's government to set up a fund to help finance the industry at a time when bank loans are harder to come by in the wake of the global recession. SCI expects Indian shipping to have to invest upwards of US$20bn in the coming years to modernise and expand to meet the country's growing demands. "Many...
Las Vegas - While the cruise lines are doing a great job sparking sales with their promotions, the industry should protect agency commissions on promotional fares at their original levels in order to ensure a "vibrant, healthy" agent community going forward, Vacation.com president and CEO Steve Tracas told the trade press here. ...
June 22 (Reuters) - Navios Maritime Holdings Inc: * Announces agreement to acquire four new build capesize vessels with secured long-term employment generating approximately $43.33 million of EBITDA annually * Says issuance of $165.22 million of mandatorily convertible preferred stock * Says $52.82 million reduction in cash requirements for three existing ...
Drydocks World-Dubai has installed a trial version of a Grounding Avoidance System on the 46,803-tonne oil tanker British Tenacity for BP Shipping. Personnel from Drydocks World-Dubai worked for 12 days to modify British Tenacity’s bow and fabricate the structures required to accommodate the system’s transducers on the vessel. Drydock...
THE KLM Group has implemented a move that enables Martinair Cargo to operate two KLM Boeing 747-400 Extended Range Freighters in its network. While the aircraft will retain their own KLM livery, they will also display the "operated by Martinair" slogan for at least six months during the term of the arrangement. KLM will ground two older B747-400 Boe...
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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