Box shortage forces US exporters to turn to airfreight 2008-5-13REDUCED inbound capacity at US ports owing to weak demand and low freight rates combined with a stronger export market driven by the weak US dollar and demand for raw material have left exporters scrambling for space on containerships, says New York's Swiss WorldCargo chief Jack Lampinski.
'Misleading' aviation pollution study withdrawn from publication 2008-5-13A SCARIFYING environmental report saying airlines would contribute to "global warming" in line with UN's worst case scenario has been withdrawn from publication as "misleading" by an aviation conference in Barcelona, reported London's BusinessGreen magazine.
CMA CGM offers new maritime training course in Marseilles 2008-5-13CMA CGM has announced the creation of a new maritime training programme based in Marseilles, France from this September.
Abu Dhabi's box volumes grow 34pc in 2007 2008-5-13CONTAINER ports in Abu Dhabi collectively registered a 34 per cent increase in volumes in 2007 compared to the previous year, with imports rising by 17 per cent.
Jiangsu Dafeng port inaugurates container service to Busan 2008-5-13DAFENG port in Jiangsu province has inaugurated a new container service to South Korea's Busan, which is the second international service of the port following the Incheon service, Xinhua reported.
US Coast Guard, EPA propose alternative ballast rule 2008-5-13THE US Coast Guard and the Environmental Protection Agency (EPA) have proposed an alternative method for managing domestic ballast water discharged by vessels in port areas.
Guangzhou bonded logistics park starts construction 2008-5-13GUANGZHOU bonded logistics park, which is the ninth bonded logistics park approved to set up by Beijing, has recently started construction, Xinhua reported.
Le Havre, Duisburg ports to step up cooperation, cargo exchange 2008-5-13THE PORT authorities of European ports Le Havre and Duisburg have wrapped up a cooperation agreement that is mainly intended to boost cargo volumes and strengthen cargo exchange between the two ports by setting up a port contact group.
Food technology showcase in Sydney 2008-5-12One of the biggest food and beverage events in the Asia-Pacific region will take place in Sydney on July 21-24.
Hong Kong proposes new nutritional label 2008-5-12A proposal for new food labelling requirements in Hong Kong could impact on New Zealand exporters.
FLORIDA MAN SENTENCED TO 41 MONTHS IN PRISON FOR ROLE IN $30 MILLION SCHEME TO DEFRAUD THE U.S. EXPORT-IMPORT BANK 2008-5-12Daniel Curran, 53, of Boynton Beach, Fla., was sentenced to 41 months in prison in connection with a $30 million scheme to defraud the Export-Import Bank (Ex-Im Bank) of the United States, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney Jeffrey A. Taylor of the District of Columbia announced today.
TEXAS BUSINESS OWNER ARRESTED, INDICTED ON CHARGES OF DEFRAUDING EX-IM BANK AND PRIVATE LENDERS 2008-5-12On May 1, 2008, the United States Attorney for the Western District of Texas (USAO) announced the arrest of Andrew M. Parker, owner of San Antonio Trade Group, Inc., on conspiracy, wire fraud, money laundering, false statements and tax charges.
The King of Quants: A Conversation with Emanuel Derman 2008-5-12In his book, My Life as a Quant: Reflections on Physics and Finance, Emanuel Derman describes his journey from South African physicist to Wall Street financial engineer. An expert in two fields - theoretical physics and quantitative financial analysis - Derman's book was filled with stories, anecdotes and insights into two worlds that are largely incomprehensible to the average person.
Business Highlights 2008-5-12NEW YORK (AP) -- Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Stocks decline as AIG reveals need for cash, oil surges 2008-5-12Stocks decline after AIG reports massive loss and cash needs; oil extends record climb.
Wall Street looks to US consumers for direction 2008-5-12This week, investors look to the US consumer for clues about the economy
Mac-Nels Singapore to acquire smaller freight forwarders 2008-5-11Logistics company Mac-Nels Singapore plans to acquire smaller players in the freight forwarding businesses from Southeast Asia, India and the Middle East, with an initial investment of US$3 million, reports the Singapore Business Times.
Nippon Express offers Hanoi-Bangkok express land service 2008-5-11Nippon Express has recently commenced a new road transport service, called the Mekong Land Bridge Express, which connects Hanoi in Vietnam with Bangkok in Thailand.
China's textile firms turn wary on fixed investment in 1Q 2008-5-10The textile industry's fixed asset investment growth slowed in the first quarter in response to monetary tightening and the worst winter in 50 years, according to the National Development and Reform Commission (NDRC).
World's biggest passenger aircraft A380 to fly to Beijing ahead of Olympics 2008-5-10The world's biggest aircraft A380 will be operated on one of the three regular flights from Singapore to Beijing during the first week of August to meet the expected surge in passenger numbers during the Olympics.
