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CHINA Cosco Holdings has issued a profit warning in a statement to the Hong Kong stock exchange saying the country's biggest shipping line has been hard hit by the global downturn and it expects to post a net loss in the first half. "The operation of the container vessel fleet of the group recorded a relatively higher loss," said the group in its decla...
CONTINENTAL Airlines launched a daily non-stop service from Beijing to New York from its relocation at Terminal 3 from 2 at Beijing Capital International Airport. "Continental is moving from Terminal 2, where we provided our daily non-stop service to New York for more than four years, to Terminal 3 to provide our passengers with a brand new look and ev...
A DELEGATION led by Cleveland's mayor Frank Jackson is to visit the Canadian port of Halifax with a view to exploring container freight business along the St Lawrence Seaway to Cleveland far inland on Lake Erie. This vision, shared by Cleveland port authority president Adam Wasserman, is regarded with scepticism because it competes with rail lines from...
ANGRY New Orleans truckers are protesting the five hours slashed from pick up and delivery times from the Napoleon Avenue Container Terminal alternately run by Ports America and New Orleans Terminal LLC. Ports American has cut five hours off of its 7am to 5pm schedule on Tuesdays and Fridays, closing at noon on one day, reports the New Orleans Times-Pic...
AMERICAN shippers have joined the protest against costs arising from a planned shift of road transport from federal to the local authority, with the Teamsters union and California ports ready to pile on new taxes and rules to restrict waterfront trucking. Some 30 major shipper groups sent an angry brief to Minnesota Democratic Congressman James Oberstar...
CHINA Merchants Group is planning for the development of Shenzhen's Qianhaiwan Bonded Port Area's phase two project after the phase one recently passed the official inspection, Logistics Week reported. CHINA Merchants executive director Yu Liming said the lingering impact of the downturn has not affected the development of the port area. The group is to...
SHENZHEN'S Chiwan Container Terminal received a subsidy of CNY1 million (US$146,400) from the city's Nanshan District government for its project of refitting the power of its rubber-tyre gantry (RTG) cranes from fuel to electricity in order to be greener. The fund, given to honour the terminal's effort in recycling economy, is an recognition and enco...
According to the data of the Central Statistical Bureau, cargo turnover at ports of Latvia in the 1st half of 2009 was 32.3 mln tons, which is 0.3% more if compared to the first 2 quarters of 2008. In the 1st half of 2009 30.2 mln tons of cargo were loaded at ports which is more by 3.2% than in first six months of 2008. In the 1st half of 2009 12....
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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