NEWS
company news
OOCL quarterly revenues fall 63pc while liftings increase 1.3pc
HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, posted a 63 per cent year-on-year decline in second quarter revenue to US$1.97 billion while enjoying a 1.3 per cent increase in liftings in the same period.The discrepancy, according to a Hong Kong stock exchange filing, wa...
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Singapore's PSA takes 22pc of Germany's Duisburg Gateway
SINGAPORE's PSA International has agreed to acquire 22 per cent of Duisburg Gateway Terminal (DGT), the world's biggest inland port, reports New York's Journal of Commerce.Duisport was one of the main points for rail freight between China and Europe, the conduit for 95 per cent of all...
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FedEx and union leaders reach agreement on pay and legacy pensions
THE executive of Air Line Pilots Association, Int'l (ALPA), has approved a tentative pilot contract reached with FedEx, reports London's Air Cargo News.The tentative contract agreement, which was reached on May 30, will now go to a membership ratification ballot, which will open on July 5...
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