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JAPANESE shipping giant "K" Line has announced that a new loop to its weekly Asia to east coast of South America service (AESA-1) that it jointly runs with Hyundai Merchant Marine (HMM), NYK Line and Pacific International Lines (PIL), to meet growing demand for South American services. The new loop that the Japanese shipping line calls AESA-2 will be a tw...
EAST Coast Air Charter Inc (ECAC), one of the leading American providers of charter management, has introduced its web-based auction system for cargo passenger services. "When our customers are faced with urgent cargo, East Coast Air Charter employs every option at our disposal to find the best and most cost-effective solution," said ECAC president Bill M...
A RUNWAY at Nova Scotia's Halifax Stanfield International Airport is to be extended at a cost of US$28 million, with half of the funding coming from federal and provincial coffers and the remainder from airport authorities. The project is expected to be completed in late 2013. The airport's main runway will be lengthened to 3,200 metres from 2,682 metre...
THE US Justice Department has charged Air India of "unfair trade practices" in cargo rates, adding to a total of 18 airlines and eight executives charged with price-fixing within the air cargo industry. Air India denies all of the offences, which allegedly occurred before its merger with India Airlines, and includes setting cargo charges at identical rat...
PARIS based SeaAxis, the container leasing arm of Axis Intermodal UK, forecasts that demand for container shipping services will rise more than 10 per cent this year on the back of a recovery in the global economy led by the strength of emerging nations. On the other hand, its quarterly report on box shipping also predicts that overall freight rates will...
GUANGDONG provincial authorities plan to roll out common annual pass for expressways in Shenzhen, Dongguan and Huizhou to facilitate the economic integration in the Pearl River Delta, Xinhua reports. Li Miaojuan, director of the Guangdong Development and Reform Commission, said that the province this year will implement schemes for regional economic inte...
ERENHOT, an overland checkpoint on the Sino-Mongolian border, moved 1.44 million tonnes of import and export cargo in 2010, up 36.7 per cent against 2009, reports Xinhua. The checkpoint imported 91,800 tonnes and exported 912,600 tonnes, reaching over one million tonnes for the second time since 2008. (Source:http://www.schednet.com)
THE owners of Hapag-Lloyd will aim for a initial public offering in mid-April with a target valuation of US$5 billion, according to the German carrier and its major shareholders TUI and the Albert Ballin consortium. The partners are to valuate between $4.1 billion and $4.8 billion seeking bids from strategic and financial investors to acquire minority st...
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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