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China plans to maintain its current global market share of 40 percent in the shipbuilding industry during the next five years, further consolidating its dominant position in the field, said Zhang Guangqin, head of the China Association of the National Shipbuilding Industry. "To keep such a market share is by no means easy. China still lags behind South Kore...
Port Vysotsky LLC, operator of Vysotsky Coal Terminal located in Leningrad region, is considering the possibility of diversification of its cargo base, the PV’s CEO Vadim Pavlov said in an interview with journalist. Currently, the port has 6 hectares of free land for development. As part of diversification plan Port Vysotsky is considering the const...
The volume of cargo handling by JSC Murmansk Commercial Seaport (MCS) in January 2011 amounted to 1 million 157.5 thousand tons, a 18.4-percent increase compared to the same period of 2010, the company’s press service said. Coal exports rose by 18%, the volume of pellets soared 60%, nickel – by 82%, ISO containers increased by nearly twofold....
Daewoo Shipbuilding & Marine Engineering has won a US$2 billion order from A P Moeller-Maersk to build 10 vessels of 18,000 TEU capacity each, the world's biggest container ships. Daewoo is in talks to build a further 10 ships of same capacity for Maersk, the owner of the world's largest container shipping firm, which would mean a total order worth ...
US cargo and passenger traffic posted operating profits of US$9.5 billion in 2010, up from $849.8 million in 2009 - a 10 fold increase - with sales only rising seven per cent in the same period, according to the Federal Aviation Administration (FAA). The FAA's Aerospace Forecast Fiscal Years 2011-2031 says that air cargo revenue ton miles (RTM) (freight/...
THE International Air Transport Association (IATA) forecasts that by 2014 the world's airlines will handle 46 per cent more cargo to 38 million tonnes, an increase of 12.5 million tonnes against the 26 million tonnes in 2009. "In five years we need to be able to handle 800 million more passengers and 12.5 million more tonnes of international cargo," said...
HONG KONG is expected to be the world's fastest-growing air cargo market, growing 12.2 per cent annually over the next two years while China will be world's fastest-growing passenger market with a 10.8 per cent annual increase, says the International Air Transport Association (IATA). "Asia is the most profitable region in the world. Of the 800 million n...
GLOBAL transport and logistics insurer TT Club has announced a partnership with port equipment manufacturers and the cargo handling association ICHCA International to create guidance documents for safety in the industry. The ICHCA International Safety Panel (ISP) joined with Port Equipment Manufacturers' Association (PEMA) safety committee at a meeting h...
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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