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GLOBAL logistics firm Agility says it has signed a conditional agreement to acquire Cosa Freight, a full service ocean freight forwarder with offices in six locations in mainland China and a presence in Hong Kong, USA and Canada. The company said in a statement that the acquisition will further strengthen its network capability in China and increase ...
The Yantar Shipyard in Russia's Baltic exclave of Kaliningrad will start on Wednesday the construction of the third Project 11356 frigate for the Indian Navy under a second contract, the company said according to RIA Novosti. India and Russia signed a contract for the purchase of three additional Project 11356 Krivak IV-class guided missile frigates f...
Russian coast guards have detained a Norwegian ship in the Barents Sea for illegally crossing the Russian maritime border, the Federal Security Service said on Wednesday, RIA Novosti reports. The freighter crossed the Russian border some 40 miles from its declared coordinates, and five hours earlier than scheduled, an FSB spokesman said. The ship,...
RZHD increased the cargo transportation 3.9% to reach 570mln ton against prior year figures, the company informed according to AK&M. The cargo turnover rose 8.6% to come to 920bn tariff ton/km. In May115mln ton were shipped. The largest growth was fixed at Kaliningradskaya Railway (+12.4%), Sakhalinskaya Railway (+11.2%), East Siberian Railway...
Press reports say German tourism and shipping conglomerate TUI AG is likely to send information about its Hapag-Lloyd container-shipping subsidiary to potential buyers next week. Reuters reports that as many as 10 companies are thought to be potential bidders for Hapag-Lloyd carrier, the world's fifth-largest container shipping line. In March, TUI...
Hapag-Lloyd said it has restructured its executive board. Ulrich Kranich, 58, will be responsible for global operations in future, taking over from Adolf Adrion, 68, who is retiring at the end of the year. After a career of over 51 years, I would like to withdraw gradually from day-to-day business and am delighted that Ulrich Kranich as an experie...
The Grand Alliance said it would add a ninth vessel with a capacity of 6,200 TEUs to its Japan/North Europe Service (EU1). The group said the addition would allow the ship to operate at what it called ecospeed that would reduce pollution emissions by 20 percent to 30 percent. Many carriers have reduced service speeds in a bid to reduce fuel consum...
The U.S. Maritime Administration has named James D. Pugh to head its Office of Marine Highways and Passenger Services. Pugh will focus on expanding the use of America's coastal, intracoastal and inland waterways to reduce landside congestion and energy consumption wile increasing opportunities for U.S. mariners, shipbuilding and the overall economy. ...
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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