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FLC West has confirmed to Aker Yards that they have received approval from Ukraine authorities to come in as a 70 percent shareholder in three of Aker Yards' shipyards in Germany and Ukraine. As all approvals from regulatory authorities are now in place, Aker Yards and FLC West will proceed with finalising the transaction within July. The completion of t...
Canadian Pacific Railway Ltd. reported second quarter net income $155 million, a decrease of 40 percent from $257 million in the same 2007 period. Revenue was essentially flat at $1.22 billion. This was a tough quarter with the unprecedented rise in fuel prices, the North American economic downturn, and prolonged flooding on our U.S. mainline, sai...
Forward Air Corp. reported second quarter net profit of $12.1 million, 5.5 percent more than in the same 2007 period. Operating revenue was $121.6 million, up 30.5 percent from the second quarter of 2007. Forward Air provides time-definite surface transportation and related logistics services to the North American air freight and expedited less-th...
UPS said Tuesday that second quarter operating profits slid to $1.45 billion from $1.77 billion a year ago. The express package delivery company said results were negatively impacted by the downturn in the U.S. economy, a 67 percent increase in fuel costs, and customer switches to less expensive modes, but that its supply chain and domestic heavyweigh...
Hamburg Sud and Chile's CCNI are planning to make calls in Mexico on their joint Far East/North and South America China Express Service/ASPA 1 from Manzanillo to Lazaro Cardenas, the container port designed to siphon cargo from the US west coast and rail it north to market. Deploying 10 ships in the 3,100-TEU range, the weekly service will have a rota...
Swiss freight forwarding and logistics group Kuehne + Nagel International AG today said it managed above-market growth in the first half of 2008, but warned of slower growth rates in the logistics sector for the second half of the year. In what it described as an increasingly difficult world economic environment, the Schindellegi-based company posted ...
Singapore-based Neptune Orient Lines today reported a 13 percent year on year increase in average revenue per FEU for its ocean carrier subsidiary APL in the four-week period ended June 27. APL's average revenue per FEU for the period improved to $3,080, up from $2,726 a year ago. NOL said the revenue increase was due to higher bunker adjustment facto...
FLC West has received approval from Ukraine authorities to come in as a 70 percent shareholder in three of Aker Yards' shipyards in Germany and Ukraine. Aker said that with all approvals from regulatory authorities in place the transaction will be completed by the end of July, affecting its third quarter financial results. The Norway-based shipyard sa...
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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