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Rail maintenance workers have voted to strike on 14 and 15 June following what they say has been months of fruitless talks with Network Rail, the National Union of Rail, Maritime and Transport (RMT) workers says according to Railway Technology. After voting by a margin of nearly three to one for action, nearly 12,000 Network Rail staff in England, Wa...
Overseas Shipholding Group, Inc (OSG) has increased its quarterly dividend by 40% and announced a $250 million share buyback programme. The New York-listed tanker owner said quarterly dividend will rise to $0.4375 per share from $0.3125 per share. The increase results in an indicated annual rate of $1.75 per share. These actions are possible due...
The Norwegian shipyard Kimek AS has bought the Murmansk-based engineering company Sevgibrurybflot. The acquisition will strengthen our position in the Russian market, Kimek director Greger Mannsverk says. Sevgibrurybflot is a small engineering company previously owned by the Russian fishery major Sevrybflot. Kimek has many years of experiences ...
In January-May, 2008, Oktyabrskaya Railway (OZD, branch of Russian Railways) loaded 46.5 million tonnes of cargo (+4.4%, year-on-year), OZD PR service informs. In the reported period the company loaded 13.6 million tonnes of construction materials (18.1% against the results of 2007), almost 8.9 million tonnes of iron ore (107.3% against 2007), over 5.7 mi...
DB Schenkerrailog, an established component of DB Schenker's European land transport operations, is offering a wider range of services in Europe to meet rising demand for rail based logistics. Schenkerrailog was founded eight years ago as a joint venture with Deutsche Bahn. Nowadays Schenker's subsidiary Railog, which specialises in rail logistics, w...
OJSC Russian railways (RZHD) and OJSC Bank of Moscow signed the cooperation agreement, defining the general principles of interaction of the parties. As they say in the joint report of the companies, the agreement has been signed on June, 7 during the XII Petersburg economic forum. The agreement is concluded with the purpose of establishment and deve...
Russian Deputy PM Sergey Ivanov says Russia needs to increase investments in infrastructure development from today’s 2,5 percent of GDP to 4 percent of GDP. Speaking at last week’s Sankt Petersburg Economic Forum, Mr. Ivanov said that Russia will need several decades to upgrade road infrastructure to satisfactory standards. –In such a country with big ...
Tankers remain blocked from the largest French oil port of Fos-Lavera at the weekend as workers extended a 24-hour strike that began on Thursday. The strike stopped 21 oil tankers from entering the port, or from being loaded or unloaded, authorities said in a statement. France's main union for port workers, part of the Confédération Générale du Tra...
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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