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HAVING opened three international logistics routes last year, central China's Chongqing provincial status city will open another major international trade lane that will pass through Kunming and then reach Southeast Asia and the Indian Ocean this year, reports Xinhua. Chongqing Customs is also building an e-commerce processing transnational trade settle...
TAIWAN's second largest carrier Yang Ming has posted net profit of T$11.8 billion (US$374 million) in 2010 against a loss of T$15.2 billion, drawn on T$130.6 billion in revenue, an increase of 154 per cent year on year. Operating profit came to T$15.2 billion compared to a loss of T$17.3 billion in 2009, reported Alphaliner. The boom in intra Asia trade...
COPENHAGEN's SeaIntel Maritime Analysis predicts that weakening freight rates will put the world's top 10 container shipping companies into a collective lose of US$13 billion in 2011. SeaIntel's forecast rests of Shanghai Shipping Exchange spot rate data and what is happening on tradelanes not involving Shanghai, based on opinions of freight rate deriv...
ST Marine has delivered its first seismic survey vessel to Swire Pacific Offshore Operations, a wholly-owned subsidiary of Swire Pacific Limited. The S$30m vessel, Pacific Finder, was built according to the basic design and major equipment provided by Swire. The 68 metres by 17.4 metres vessel is equipped with two units of medium speed diesel engines of 2,8...
JSPL will be building two more premium jack up rigs for the partnered company. Sembcorp Marine said, the schedule for delivery is on Q3 of 2013 and 1Q of 2014 respectively, these two new turnkey units will be built based on the same design and specification as two earlier Friede & Goldman JU3000N units ordered by Noble. These rigs will be suitable for o...
Container shipping and logistics group NOL today announced support for earthquake relief in Japan. The Singapore-based company said it is contributing $100,000 to the Japanese Red Cross Society to aid victims of the 11 March earthquake and tsunami that devastated parts of the country. NOL said it will also match its employees’ contributions to the...
INDIANA's Terre Haute public airport, five miles east of the city's commercial centre, is reviewing its business model a decade on to find revenue streams either in the oil business or as a military base for training. Terre Haute airport director Dennis Wiss' goal is to be self-supporting, and he remains confident his facility has a lot to offer in co...
AIRFORWARDERS Association (AfA), the voice of air cargo companies in the US, has awarded this year's Jim Foster Award for Excellence to American Airlines Cargo president Dave Brooks at its annual AirCargo conference in San Diego. Since Mr Brooks headed up AA Cargo in 1996, he has led the carrier to success in 100 per cent screening of US outbound cargo o...
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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