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Canada's Encana Corp will buy a 30 percent stake in the planned Kitimat liquefied natural gas export terminal on Canada's west coast from Apache Corp (APA.N) and EOG Resources (EOG.N). Financial details of the deal were not announced, but Apache said it would sell Encana 11 percent of its equity in the project, while EOG will sell 19 percent. The dea...
FRANKFURT Airport's Fraport air cargo hit 2.23 million metric tons in 2010, an increase of almost 21.5 per cent year on year with profit surpassing 2007 records by 19 per cent at EUR272 million (US$381.2 million). Fraport chairman Stefan Schulte said its external business accounted for 20 per cent of the group's revenue and for about 34 per cent of its ...
SINGAPORE is celebrating 100 years of aviation, a milestone that was officially hailed at the "Singapore Aviation Centennial Evening" attended by Senior Minister Goh Chok Tong and organised by the Civil Aviation Authority of Singapore (CAAS). To mark the achievement, a series of events and activities will be held over one year to showcase the "many achiev...
GERMAN airline Lufthansa has unveiled plans to buy 35 new aircraft for a total value of almost US$4 billion at list prices, to support ongoing modernisation and expansion of the group's fleet. The new aircraft will be financed through a combination of the group's own assets and "external financial resources," it said. The order is for five Boeing 777 fr...
GERMANY's Lufthansa Cargo has reported net profits of US$434 million in 2010, up from a net loss of $239 million in 2009 doubling its previous record and drawn on revenue just short of 2008 level by $100 million to $3.9 billion. Freight traffic for the year was boosted by Asia-Pacific, generating 50 per cent of revenue and the Americas at 34 per cent. Ov...
INTERMODAL container rail volume in the US increased in February 10.3 per cent over 2010, and was up 21.4 per cent on 2009, with the gain attributed to market share taken from trucking. February's year on year increase was the smallest since the summer 2010 due to heavy snow and the slight dip expected three to four weeks following Chinese New Year, a to...
MAERSK Line has imposed a rate increase on reefers from April 15, due to a lack of boxes in Middle East owing to the civil strife, as well as Russia's severe winter weather slowing turnarounds of refrigerated containers. Another rate increase of $200 per TEU will be imposed on cargo from the east coast of Australia to southeast Asia to Malaysia, Singapor...
After the December 2010 launch of its Da Nang branch in Vietnam and in line with its expansion plans for the region, Singapore’s Dimerco Express Group has opened three liaison offices in India. The offices are in New Delhi, Chennai and Bangalore. In addition to these 3 new offices in India, Alex Chen, Dimerco’s vice-president, Southeast As...
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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