PANALPINA has announced the acquisition of Grieg Logistics, a member of the Grieg group, that offers freight forwarding, domestic Norwegian transport, warehousing, distribution and customs clearances, subject to approval from the Norway's competition authorities. Both parties chose not to disclose the purchase price, but they did say all 100 Grieg Logist...
FLYNT International Forwarders and its group companies have now been merged and consolidated under the brand of Barloworld Logistics in Hong Kong and China since being acquired by the supply chain management services provider in 2008. The rebranded operation in mainland China is based in Shanghai and includes Guangzhou as one of its branches. "Our strat...
TOLL Holdings, Australia's biggest logistics company, has posted a 53 per cent surge in half-year net profit for the period ending Dec 31 to A$164 million (US$165 million) from A$107 million the previous year. Toll Holdings profit increased because of acquisitions, reported Bloomberg, adding that the company made more than 60 acquisitions since 2000 and ...
SEAINTEL Maritime Analysis forecasts demand in the transpacific containerised shipping trades could reach up to 15 to 20 per cent growth during "certain months" of the year, compared to 2010. "A key element in gaining an understanding of the deep sea container demand on the transpacific in 2011 is the effect of the US retail inventories. Our analysis show...
China and Greece agreed to enhance cooperation in harbor construction, shipping and marine technology on Wednesday. The pledge was made during a meeting between Zhang Dejiang, Chinese vice premier and Ioannis Diamantidis, Greek Minister of Maritime Affairs,Islands and Fisheries. The two countries have carried out good cooperation in these areas, which is ...
Engineers and civil maintenance staff have carried out extensive structural checks at Lyttelton Port of Christchurch, following the port sustaining further damage as a result of the 6.3-magnitude earthquake that hit the South Island of New Zealand yesterday. Overall, the port said that until there was a clearer picture of the damage sustained to key infr...
GERMANY is examining a proposal to levy an air freight security charge, to finance the implementation of tighter security measures for cargo handled by the nation's airports. The proposal is part of a wider programme being conducted by the federal ministries of transport and the interior to boost security controls for air freight, after explosives were ...
CHINA Cargo Airlines recently divulged that it has returned to profit last year with a new high since 2004 after recording loss in 2009, Xinhua reports. But the carrier didn't give any details of its operating results. The carrier also announced cooperation deal with domestic express company ZJS and Hong Kong's Kerry Logistics to complement each oth...
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