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THE US Federal Maritime Commission has fined five non-vessel owning common carriers (NVOCCs) US$297,500 for either providing or securing shipping at bargain rates below levels approved by the Shipping Act. The FMC said the companies obtained ocean shipping at less than applicable rates. The companies unlawfully secured service contracts to which they were...
THE US Court of Appeals has quashed a Canadian National Railway (CN) plea to reverse a Surface Transportation Board (STB) order requiring CN to pay most costs associated with two highway grade separations. The Canadians hoped to overturn 2008 STB decision, part of its approval of the Canadian purchase of the Chicago-area Elgin, Joliet & Eastern Railw...
As part of its strategy to expand its logistics footprint in Asean, Singapore Post (SingPost) has jacked up its stake in Malaysia's GD Express Carrier from 4.98 per cent to 27.08 per cent, reported Business Times Singapore. SingPost said it had acquired 56,838,000 shares in GDEX through block trades, paying a total of US$14.8 million. GDEX, which is l...
Logistics provider Agility is expanding its Southeast Asian cross border trucking operations as demand grows for road services to connect countries across the region and into China. Agility’s integrated trucking network provides shippers with an option to truck directly to several major cities in Southeast Asia and China as well as direct connectio...
Chennai Container Terminal (CCT) on Monday welcomed the newest addition to the list of main line services calling at the terminal, Exim News Service reported. At a small ceremony held on board the m.v. Maersk Miami, Mr Atulya Misra, IAS, Chairman of Chennai Port Trust (ChPT), welcomed Maersk Line’s first direct service to North Europe, in the company ...
LLC Moby Dik container terminal (a Global Ports group company) finished handling the first container carrier of Unifeeder, one of the largest feeder network in the European container transportation market. Under its contract with LLC Moby Dik, Unifeeder will call at the terminal at least once a week. Unifeeder's Ida Rambow originating in Hamburg (Germa...
Measuring the environmental impact of their supply chain has become an increasingly important issue for many companies. Towards this end, the CMA CGM Group will be making available to customers a new service starting in April 2011— the eco-calculator, according to Exim News Service. Accessible to all the Group’s customers as part of the online...
CHILE's LAN Airlines moved closer to acquiring Brazil's TAM, following an announcement by Brazil's finance ministry that the deal satisfied the country's foreign-ownership rules. Under the terms of the proposed merger, TAM's controlling shareholders will retain 80 per cent of TAM's voting stock, while LAN shareholders will be given about 70 per cen...
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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