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A Singaporean businessman has pleaded guilty to conspiracy for illegally exporting sensitive military components to India, Associated Press reported Thursday. Appearing before a federal judge in Washington, Parthasarathy Sudarshan admitted to a scheme to conceal the true destination for electronic parts used in missile guidance systems and jet fighter...
CEVA Logistics said it would handle inbound and outbound logistics operations at Eaton Corp.'s transmission plant in Vainhos, Brazil, under three new contracts. CEVA will manage raw and finished material movements from Eaton's forging station to the assembly line, storage and transport of finished products, and aftermarket parts distribution. The cont...
NYK Logistics will open its first warehousing operation in Moscow in June after the Japanese group signed a long-term rental contract with developers Logo Group in February for a newly constructed 13,500-square-meter warehouse in the Pokrov region of Russia's capital. NYK said the warehouse, 10 kilometers from Moscow ring road (MKAD) on Simferopolskoy...
The Allen Group said part of its 6,000-acre multimodal Dallas logistics hub has been included in the expansion of Foreign Trade Zone No. 39 in Dallas. A FTZ provides U.S. importers, especially retail distribution operations, with key supply chain cost-savings through consolidated weekly entries to Customs, reduced duty rates via assembly or pick-and-p...
Concerns that U.S. companies would stop making voluntary self-disclosures of U.S. export control violations due to the drastic increase in penalty amounts have so far been unfounded, according to the Commerce Department's Bureau of Industry and Security. Voluntary self-disclosures have not dried up like a desert, said Kevin Dellicolli, deputy assistance se...
NYK Logistics will open its first warehousing operation in Moscow in June after the Japanese group signed a long-term rental contract with developers Logo Group in February for a newly constructed 13,500-square-meter warehouse in the Pokrov region of Russia's capital. NYK said the warehouse, 10 kilometers from Moscow ring road (MKAD) on Simferopolskoy...
During January-February 2008 4,97 million tons of cargo was handled in Klaipėda port. It is by 21,5 percent more than during the same period 2007. The biggest volume of growth during January – February this year was reached in handling agricultural products (2,9 times), timber and forestry products (1,8 times), oil products (+22,6 percent) and bulk f...
Swiss forwarding and logistics group Kuehne + Nagel International AG today reported net earnings of 531.2 million Swiss francs ($471 million) for 2007, up 15.9 percent from SFr 458.3 million in the previous year. The Schindellegi-based company's annual earnings before interest and tax (EBIT) increased 14.1 percent to SFr 685.6 million ($607 million) f...
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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