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CONTINENTAL and United Airlines have won tentative approval for antitrust immunity from the US Department of Transportation, allowing them to join Star Alliance carriers. Continental's entrance into Star Alliance will provide substantial benefits for consumers worldwide while preserving domestic competition and jobs, said Continental chairman and CEO Lar...
Iraq's prime minister will visit Russia on April 9-11 to discuss oil and other projects with Russian companies in Iraq, the Russian government said on Wednesday. The war-torn country, which has an estimated 115 billion barrels of oil reserves, is seeking foreign funds to rebuild its ageing oil infrastructure and increase production from the current 2.4 ...
The first-ever shipment of Russian natural gas to South Korea will arrive this weekend, officials told AFP on Thursday. The 65,000-tonne shipment is due at the southern port city of Tongyeong on Saturday. It is the first shipment of agreed annual imports of 1.5 million tonnes from Russia over the next 20 years, state-run Korea Gas Corp (KOGAS) said. South...
The Baltic Dry Index has lost 36 per cent in the last one month to reach 1,463, reversing the rise it saw in the previous month. The index, which touched an all-time high of 11,793 on May 20, 2008, started sliding following the global economic slowdown. It touched its 22-year low of 663 in December as steel producers cut down production. Even the world&rsq...
CARGOGULF has announced its first new office opening in Bangkok, which will operate under a value partner scheme with its long-standing agent, GAC. CargoGulf manager Vanchai Polchai will head up the Bangkok office and work to develop new business, trade lanes and manage import/export consolidation services locally and globally. Mr Polachia previously wo...
AMI the trade-only freight wholesaler has opened its fifth office in the US, at Dallas Fort Worth (DFW) Airport. The new branch is the company's first US expansion since it acquired the UAC business and its four US offices in April 2007. AMI DFW will serve the airfreight communities of both Dallas and Houston, and will initially concentrate on airport-to...
US airlines are forecasting a fourth year dip in jet fuel consumption with passenger travel down 5 per cent in January year on year, and cargo tonnage faring worse with domestic and international movement down by 25 per cent in the same period according to the US Energy Information Administration (EIA).FAXTEXT = John Heimlich, chief economist for the ATA sa...
US airlines have suffered a decline of 21.2 per cent in air freight volumes transported in February, the lowest industry level in eight years, according to figures from the Air Transport Association (ATA). The drop in demand marks the fourth straight double-digit slide reported by ATA. The February result was almost unchanged from January's 21.3 per cent...
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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