In September, dockside construction will begin on a new deep-sea port with a capacity of 1.45 million 20-foot-equivalent units, amid sanctions and a collapse in the price of oil that have pulled down St. Petersburg’s container volume.
17 Jun 2015
Russian cargo airline Volga-Dnepr signed a memorandum of understanding today to buy and lease twenty Boeing 747-8 freighters with a combined list price of $7.4 billion for its AirBridgeCargo Airline unit.
16 Jun 2015
AirBridgeCargo’s traffic soared 16 percent in the first five months of the year as Russia’s largest all-cargo carrier continued to outperform its struggling European rivals.
15 Jun 2015
The creation of a containerized rail operator by the Eurasian Customs Union is aimed at capitalizing on growing volume moving between Europe and Asia.
08 Jun 2015
Far East ports, such Vladivostok and Khabarovsk, will drive Russian container volume growth, as trade between Russia and China grows through greater economic cooperation, according to new government forecast out of Moscow.
05 Jun 2015
ST PETERSBURG — Western sanctions and the fall in oil prices that devalued the rouble have devastated Russian container volume and sent shockwaves through the sectors dependent on the business. But there is some hope that fortunes will begin to improve in the coming months.
02 Jun 2015
Fesco’s first-quarter earnings rose 5.4 percent as cost savings offset a slump in container volumes resulting from a fragile Russian economy and a depreciating rouble.
22 May 2015
High-tech companies around the world expect exports to grow over the next two years, but air cargo freight and passenger jets are set to gain not container lines.
18 May 2015
The Port of Hamburg can no longer claim to be Europe’s second-largest container port.
28 Apr 2015
There used to be few alternatives to manufacturing in China, but this infographic details how rising production costs in the "Factory of the World" is allowing sourcing competitors to threaten that dominance.
16 Apr 2015
In the first two months of 2015, Chinese exports by value to Hong Kong, its second-largest trading partner, fell 6.5 percent year-over-year, while outbound shipments to Japan, China’s third-biggest receive of its exports, slipped 0.4 percent in the same period, according to statistics from Global Trade Information Systems, a sister company of JOC.com within IHS Maritime & Trade.