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A number of trade associations have asked U.S. Customs and Border Protection to extend the comment period by 30 days for its proposed rule mandating additional, up-front cargo data from international shippers for security purposes. The 60-day comment period for the so-called 10+2 notice of proposed rulemaking runs through March 3. The American Associat...
Eaton Corporation has announced plans for two electrical acquisitions, one in Europe and one in Asia Pacific, which will significantly increase the capabilities, size, and geographic breadth of Eaton's electrical business. The acquisitions' combined estimated sales for the year ending December 31, 2007 are approximately $2.0 billion. The European acqu...
The Kenya Ports Authority’s managing director, Mr Abdallah Mwaruwa, appealed to importers and clearing agents during the weekend to help decongest the Mombasa port by collecting their overstayed goods. The director said the port was experiencing a cargo handling crisis due to lack of storage space, following delays by importers to collect their goods ...
Royal Caribbean, which was one of the first North American lines to impose fuel surcharges on U.K.-based cruisers, has now announced a supplement for reservations made elsewhere in Europe as well as Africa and the Middle East. The supplement applies to all reservations made on or after November 16, 2007, for cruises departing on or after February 1, 20...
A burgeoning order book, continuing capacity shortage in the global shipbuilding sector and the company’s swift moves to capitalise on this scenario through capacity addition, make ABG Shipyard a good investment for those with a three-year perspective. At the current market price, the stock trades at 17 times its likely earnings for FY09. The stock may co...
VANCOUVER -- The NDP and the union representing shipbuilders in B.C. want $82 million in import duties imposed on B.C. Ferries' newest ships to be handed over to the shipbuilding industry. The three vessels were built in Germany at a cost of $542 million, with the first them, the Coastal Renaissance, arriving in B.C. waters today. George McPher...
CMEC, one of China's major state-owned companies engaged in machinery and equipment foreign trade, has won a tender to act as general contractor of a Laotian Hongsa thermo-power station. With a total investment of 1.35 billion U.S. dollars, the project, with a capacity of three 600 megawatt generators, will be finished within 60 months. The first generato...
In recent weeks there has been increasing public debate on the Commission's proposals aimed at guaranteeing real and effective competition for all EU citizens and companies for their gas and electricity needs. In particular, a number of the companies opposing them have raised questions regarding the Commission's Impact Assessment, the document that lays d...
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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