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The Arbitration Court of Appeal of Astrakhan region in its decision on February 2, 2011 partially upheld a claim of Krasniye Barrikady Shipyard against Caspian Energy Group to recover 37,146,080 rubles for damages to business reputation and property losses, the court said. The sum includes the amount of loss of profit from the failed contract with Aker Of...
ATLANTA's Hartsfield-Jackson International Airport showed growth in cargo and passenger volumes, keeping its title as the world's busiest passenger airport for the 13th consecutive year, and fifth ranking by operations. Cargo volume was up 17.05 per cent from 563,139 metric tons year previous to 659,129 metric tons in 2010. Of this total 385,136 metric ...
NEWS that Hong Kong is now the world busiest cargo airport was greeted with resignation in Memphis, whose airport ended its 18-year reign in the top spot, reported the Memphis Commercial Appeal. "Nothing lasts forever," said Memphis airport authority president Larry Cox. "It's a global shift." Said airport authority chairman Arnold Pearl: "For the last...
HONG Kong's Cathay Pacific Airways is one of the star performers of Asia-Pacific carriers and its home airport, now ranks as world's busiest freight airport in 2010. Last year the carrier's cargo traffic rose 23 per cent to 10.2 million ton-kilometres compared to its competitor Korean Air Lines' volume of 9.7 million ton-kilometres. To deal with gro...
BUILDING greater co-operation among rivals and non-rivals in the European supply chain is a promising avenue of advance, says a report from Denver-based Prologis, the global provider of distribution facilities. The "Transport Collaboration in Europe" report notes that transport costs account for 30 per cent of total supply chain costs and to reduce them, ...
STATE-OWNED Canadian National Railway (CN) has posted a 2010 net profit increase of 13 per cent year on year to C$2.1 billion (US$2.11 billion) drawn on a 12 per cent increase in revenue to C$8.2 billion. "CN's strong fourth-quarter performance capped an impressive year. Operational and service excellence throughout 2010 allowed us to post solid operatin...
US EASTERN railway CSX 2010 profits increased 48 per cent to US$430 million, though intermodal revenue growth slowed to five per cent, making $350 million, as weak pricing cut into a 17 per cent volume gain. Average revenue per unit actually fell 10 per cent to $573, driven by the continued impact of terminating the interline agreement with intermodal mar...
AP MOLLER Maersk CEO Nils Andersen has upped the 2011 container market company forecast from six per cent growth in November to eight per cent, and expressed optimism for more growth despite a slowdown in the US and European recovery. "We don't think we'll lose any market share this year," he told the World Economic Forum in Davos, Switzerland, and expr...
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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