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Four ports in east China's Shandong Province signed a strategic alliance with the largest port of the Republic of Korea (ROK) on Wednesday in Qingdao, Qingdao Port of Shandong announced in a press release. Aiming to build a shipping and logistics center in northeast Asia, the alliance is jointly formed by Shandong's Qingdao Port, Yantai Port, Rizhao Por...
French trade deficit widened by 21 percent to 7.14 billion euros (10.44 billion U.S. dollars) in April this year from 5.9 billion euros (8.63 billion dollars) a month earlier due to increasing bills of imported petroleum products, official figures showed Wednesday. For the past 12 months, the cumulate trade deficit already climbed to 61.27 billion euros (...
Civil Society Organizations in Africa have said that they wanted to have a bigger say in any discussions related to trade relations between the United States and Africa because they represent the voices of the "voiceless". The organizations believe that any trade preferences were meant to benefit the locals but noted that the agreements signed by African ...
OREGON's Portland International Airport (PDX) has restored its international cargo service with Asiana Airlines providing a thrice weekly Boeing 747 freighter service to Seoul effective September 2011. The Pacific Northwest airport, operated by Port of Portland, will provide cargo flights for shipment of Nike, Intel, Oracle and agricultural products such...
CANADA's Bombardier aircraft maker posted a 12 per cent year-on-year first quarter profit increase to C$220 million (US$225.3 million) drawn on revenues of C$4.7 billion, up nine per cent. The news follows reports of a recently received a US$665 million order from Sweden to buy ten C-series narrow-body, twin-engine, medium-range jet airliners, which foll...
FRAPORT handled 2.2 million tons of air freight last year, representing an increase of one fifth as well as moving 53 million passengers in 2010, up four per cent year on year. Group profit amounted to EUR271.5 million (US$393.2 million). The company said the growth trend has continued throughout the first months of 2011. Group revenue rose 9.2 per cent l...
Global aviation, which has struggled for earnings over four decades, now looks to China and India to boost profitability, said the International Air Transport Association at its annual meeting. Asia-Pacific region is forecast to net US$2.1 billion profit in 2011 from a global cargo, representing 40 per cent of the total, said departing IATA chairman and C...
CHINA's aviation industry has decided to follow US air industry's doing to take legal action again Europe's introduction to an Emissions Trading Scheme (ETS) next year. Besides the US and China, Russia also said it is concerned about the implementation of ETS that requires all airlines flying over EU airspace to buy permits for the carbon dioxide they ...
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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