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ISRAELI flag carrier Zim has announced it will raise rates US$250 per TEU from Asia and the Indian subcontinent to Europe from April 1. The increase applies to all cargo bound for European ports said the shipping line in a notice to trade. (Source:http://www.schednet.com)
Swiber has secured a contract worth $125m from a South Asian oil and gas operator to perform offshore work from the fourth quarter this year. The contract involves engineering, procurement, transportation and installation of several pipelines in South Asia including platform modifications, Swiber announced Thursday. The Singapore-listed offshore services...
Singamas Container Holdings rode on strong demand for new dry freight containers to post a record net profit of $92.5m in 2010, reversing a net loss of $51.9m in 2009. The Hong Kong-listed firm recorded revenue of $1.4bn last year, skyrocketting from the $274,7m seen in 2009, it announced Wednesday. “Rising container demand, higher selling prices a...
The U.S. federal government's budget deficit surged by 222.5 billion U.S. dollars in February, the largest monthly budget deficit increase, the Department of Treasury figures revealed Thursday. This is the fresh evidence of the ballooning budget deficit in the world's largest economy. Experts held that although the nation vowed to cut deficit and restor...
The U.S. trade deficit in January widened to 46.3 billion U.S. dollars due to a spike in oil prices, the U.S. Commerce Department announced Thursday. January exports of 167.7 billion dollars and imports of 214.1 billion dollars resulted in a goods and services deficit of 46.3 billion dollars, up from a revised 40.3 billion dollars in December 2010. Janu...
China's retail sales rose 15.8 percent year on year to 2.9018 trillion yuan (441.67 billion U.S. dollars) in the first two months of this year, the National Bureau of Statistics (NBS) announced Friday. Sheng Laiyun, spokesman with the NBS, said the growth was 3.3 percentage points lower than December's level. Urban retail sales of consumer goods toppe...
China recorded a trade deficit of $7.3 billion in February, the General Administration of Customs(GAC) said Thursday. This is China's first monthly trade deficit since March 2010. In the first two months this year, China posted a trade deficit of $890 million, as January's trade surplus shrank year-on-year by more than half to $6.45 billion. The GAC...
China recorded a trade deficit of 7.3 billion U.S. dollars in February as the Lunar New Year holiday season dented exports, the General Administration of Customs (GAC) said Thursday. This is China's second monthly trade deficit in a year, after the country announced a deficit of 7.24 billion U.S. dollars in March 2010, which was, at that time, the first ...
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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