Logistics News

Russia's NCC terminals experience 6.6pc cent growth in first five mon...Jun 10, 2011

FIRST Container Terminal at St Petersburg handled between January and May a total of 484,671 TEU, an increase of 6.6 per cent compared to the same period a year earlier. In May alone container throughput reached a record 115,295 TEU, up 13 per cent year on year. Since the beginning of the year box traffic between FCT and National Container Company's of...

Baltic Exchange provides online bourse for trading dry bulk derivative...Jun 10, 2011

THE Baltic Exchange, or Baltex, has opened online trading in dry bulk derivatives, signing on Cargill, Morgan Stanley, Toepfer, and shipping hedge fund M2M Management, with Cargill being the biggest player, accounting for 200 million tons. Supervised by Britain's Financial Services Authority, Baltex provides Forward Freight Agreement (FFA) prices and onl...

Tonnage flood threatens as order deferrals fall to pre-downturn levelsJun 10, 2011

THE risk of oversupply of containerships is growing because cancellations and order postponements will do little to reduce the flow this year, according Paris-based maritime analysts Alphaliner, whose research shows 2011 cancellations and delays will return to pre-downturn levels - five per cent - following the dramatic cutbacks of 2009 and early 2010. "...

Asiana flies to Portland, restores 747 freighter service to SeoulJun 9, 2011

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's first quarter profits up 12pc to US$220 millio...Jun 9, 2011

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...

Frankfurt's Fraport pretax profit increases 25pc to US$393 millionJun 9, 2011

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...

India and China to lead global aviation, says departing IATA chiefJun 9, 2011

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...

Shipper poll shows desire to share slow-steaming gains through lower r...Jun 9, 2011

SHIPPERS want a share of cost-savings benefits generated by slow-steaming through reduced ocean freight rates, according to a poll of 290 logistics executives. Philadelphia-based forwarding logistics company BDP International, its Centrix consulting unit, and St Joseph's University did the poll in April, reported Newark's Journal of Commerce. Half the ...

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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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