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Steelmakers, paying 90 percent more for iron ore, have to raise prices to pass on the higher raw material costs, the World Steel Association said. The move by iron ore exporters this year to abandon a 40- year custom of setting annual prices in favor of quarterly contracts is a "very negative trend," Chairman Paolo Rocca said in an interview in Beijing. T...
BEIJING: China's largest iron ore trader Sinosteel and China's fourth-largest steelmaker Anshan Iron and Steel Corp said they are willing to continue to invest in Australia, although that nation's "super tax" will definitely affect the companies' earnings. "We are reviewing how the tax will impact our companies, and undoubtedly, it will affect costs a...
China wants United States to accept market-oriented status of industry BEIJING - China is planning to lodge an appeal with the World Trade Organization (WTO) in June against the anti-dumping duties imposed by the United States on coated paper imports, a source familiar with the matter told China Daily on Monday. The appeal would be the fifth such instan...
The British oil company British Petroleum (BP) paid $ 3.5 million on claims for damages from oil spills in the Gulf of Mexico. The organization has received about 4.7 thousand claims for damages, the company had already paid damages for 295 of them, Fox News reports citing David Nigel, head of Washington BU. According to the data of the official website o...
- CMA CGM has upgraded to a weekly service to the Halterm Container Terminal at Canada’s Port of Halifax with the addition of a second vessel in the port rotation of New York, Halifax, Kingston and back to New York. In its new configuration the service will offer regular service with connections through the Kingston Container Port in Jamaica to key ...
- The operational capability at London Thamesport has been boosted by the arrival of a new ZPMC ship-to-shore gantry crane, the second in two years and which brings the total number of gantry cranes at the Kent port to eight. With an outreach of 62.5 metres, the ultra post-panamax unit is capable of handling the latest generation of container ships with c...
MALAYSIA Airlines Cargo (MASkargo) and Connecticut-based Southern Air Inc have signed a multi-year, multi-aircraft lease agreement, reports Bernama news agency. Under the agreement Southern Air would initially provide three Boeing 747 freighter aircraft along with crew, maintenance and insurance, said MASkargo managing director Shahari Sulaiman. "Maskar...
BIG air cargo backlogs, caused by the spread of Icelandic volcanic ash, have mostly been cleared, but emergency rates persist here and there, reports London's International Freighting Weekly (IFW). Sunny Ho, of the Hong Kong Shippers' Council, said he believed rates of up to US$13 per kilogramme were being demanded by some airlines last week. Hong Kon...
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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