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An eruption by Iceland's most active volcano was set to keep the island's main airport shut while other European nations watched for any impact on their air routes from a towering plume of smoke and ash. Experts said they saw little chance of a repeat of last year's six-day closure of airspace, which also hit transatlantic flights, when another Iceland...
After adding three new services in the first quarter of the year - two at Khorfakkan Container Terminal (KCT) and one at Sharjah Container Terminal (SCT) - Sharjah-based Gulftainer achieved record volumes at the two terminals in April, experiencing its highest ever monthly throughputs. This followed two successive years when both terminals experienced si...
Taming China's inflation has topped media headlines over the past months. However, economists said instead of coming down, mild inflation would accompany China for a relatively long period of time. China's inflation stayed stubbornly high in April, in spite of the government's efforts. The consumer price index, a main gauge of inflation, rose 5.3 perce...
South Korea's national tax revenue rose 9.2 percent in the first quarter from a year earlier due to positive economic conditions, the tax agency said Monday. National taxes collected during the first three months of this year reached 47.6 trillion won (43.52 billion U.S. dollars), up 9. 2 percent from the previous year, the National Tax Service (NTS) sai...
China's April crude oil inventory rose 2.3 percent from March, but stocks of refined petroleum products dipped 2.9 percent month-on-month, according to data released by Xinhua's financial information branch, Xinhua 08, on Friday. Of the refined oil products inventory, gasoline stocks fell 2 percent, diesel dropped 3.4 percent and kerosene declined 4 per...
Container shortage is to continue into 2011 and will affect peak season with three million TEU fewer in 2011 compared to historical industry-standard level, said the World Shipping Council (WSC) in its latest Container Supply Review. Slow steaming is also having an impact, accounting for boxes being held longer by carriers and having fewer available or r...
The IMO Maritime Safety Committee (MSC) has approved Interim guidance on the employment of armed security personnel on board ships transiting the Somali coast, the Gulf of Aden and the wider Indian Ocean, Worldmaritimenews reported. The MSC approved an MSC Circular on Interim guidance to shipowners, ship operators, and shipmasters on the use of privately ...
Emerging economies deserve a greater role at key global forums such as the International Monetary Fund and the World Bank, as they are projected to account for 70-80 percent of the world's economic growth in the next decade or so, said a U.S. expert. However, a heavy reliance on energy imports could be a threat to the fast growth of some emerging economi...
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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