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Bangladesh's trade deficit in the last fiscal year 2009-10 that ended in June ballooned nearly 10 percent year on year to over 5 billion U.S. dollars as import rebounded since April after months of slump in the wake of the global economic recession. The Bangladesh Bank (BB) data showed the country's import payment stood at 21.39 billion U.S. dollars, ...
Representatives of multinational companies, international organizations and financial institutions from more than 120 countries will gather at a trade fair in Beijing to persuade Chinese investors to go overseas. The Second China Overseas Investment Fair, approved by the National Development and Reform Commission, will be held in China World Trade Cente...
Japan's exports in July rose 23.5 percent from a year earlier but the pace of expansion slowed down for the fifth straight month, government data showed Wednesday. Exports totaled 5,982.80 billion yen (71.22 billion U.S. dollars) in July, increasing for the eighth straight month due to strong demand for Japanese automobiles, while imports was up 15.7 p...
East Africa needs about $25bn, or nearly two-thirds of Kenya's annual output, in a decade to boost its railways to increase trade, according to the East African Community's (EAC) deputy secretary general for infrastructure and planning, Railway-Technology informs. Alloys Mutabingwa said East Africa needs $20bn-$25bn under the masterplan. The EAC a...
Kier Construction has signed a tunnelling contract with MTR Corp in Hong Kong under a three-way joint venture, in which Kier holds a 50% stake, according to Railway-Technology. The £125m ($194.5m) contract is part of the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express rail link connecting mainland China with Hong Kong. The projec...
Air cargo traffic of US domestic market contracted 12 per cent in 2009, which was the largest year on year decrease in the industry, reported by the Air Transport Association of America (ATA). The industry's operating revenues were also down 16.9 per cent to US$155 billion last year. This represents a decrease over two consecutive years, and the indust...
Thomas Cook Airlines will fly with the navigation charts from Lufthansa Systems. Both companies recently signed a five-year contract to this effect. The implementation of Lido/RouteManual will be completed in October 2010. Frank Pullman, Managing Director at Thomas Cook Airlines, said: “We were impressed by the very clear presentation and high qua...
The Maritime and Port Authority of Singapore (MPA) and South Korea's Ministry of Land, Transport and Maritime Affairs (MLTM) signed a Memorandum of Understanding (MOU) on Monday to strengthen maritime relations between Singapore and the Republic of Korea. The MOU is said to provide a platform to enhance the collaborative efforts to promote the safety o...
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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