BANGLADESH’s exports growth by value is attributed to the steep increase in raw materials’ price and exchange rate fluctuations against a slight volume increase for sea and air cargo, a 6.98 per cent increase year on year of 423,867 TEU. The volume of total goods exported during 2011 was rather modest, according to Anwar-ul Alam Chowdhury, garment exporter and former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), reported…

Despite a recent one-week strike, problems with the concrete mix, and reports of other delays, the Panama Canal Authority (ACP) and the builders’ group, Grupo Unidos por el Canal (GUPC) say the expansion to be finished on time. “The third set of locks project is foreseen to be delivered in October 21, 2014 as scheduled,” GUPC told American Shipper. “Even though the marine concrete mix design delayed the initiation of…

Boing has delivered the first of five new Boeing 747-8 Freighters to AirBridgeCargo Airlines (ABC), a unit of the Volga-Dnepr Group. “The introduction of the Boeing 747-8F represents a huge commitment to our customers since we are investing in state of the art equipment to further expand our network,” said AirBridgeCargo president Tatyana Arslanova. “We have a firm belief that our established and new customers will greatly benefit from the…

Deutsche POST DHL will appeal to the European Court of Justice against a European Commission ruling against alleged illegal German state aid to the express delivery company’s parent Deutsche Post AG, reports the UK’s Transport Intelligence. “The EU Commission’s ruling on a repayment is incomprehensible and has no basis in fact,” said Deutsche Post DHL chief executive Frank Appel. “It stands in clear contradiction to an earlier EU decision and…

Thursday, September 18 ,2003 New man at Leo Shipping helm SINGAPORE’s Leo Shipping is set to benefit from the cautious optimism and approach of Capt. Lim Kim Swee, its representative director who recently transferred to the island state from Tokyo. Capt. Lim set up the company’s regional office in Tokyo before being transferred to Singapore in January and sees his immediate task as nurturing the wholly owned subsidiary of Malaysia…

Wednesday, September 17 ,2003 CSXT strengthens commitment to Atlanta CSX Transportation has moved on the first phase of a strategic development involving the Fulton Industrial Business District in metropolitan Atlanta that will see the area become a premier industrial transportation hub for the US southeast.Beginning this month, CSX will spend nearly US$1 million over eight weeks to strengthen existing infrastructure in the business district. The improvements include 7,000 new cross…

Tuesday, September 16 ,2003 Delmas and Gold Star strike Asia, West Africa partnership GOLD Star Line (GSL) is to terminate its West Africa Express Service (WAX) joint venture with CMA CGM and CSCL at the end September.As a consequence, GSL and the French line, Delmas, have decided to join forces and operate a joint service between Asia and West Africa. This agreement is an operational agreement and both carriers maintain…