Russia’s First Deputy Prime Minister Igor Shuvalov has issued an order to the Russian Federal Customs Service to significantly streamline customs clearance procedures with the aim of speeding cargo handling at Russia’s borders and seaports.
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.
01 Apr 2015
AirBridge Cargo, the only Russian carrier in the Hong Kong market, will be the main beneficiary of fifth freedom traffic rights out of the city that were granted to Russian air freight carriers following a new round of bilateral talks that concluded last month.
31 Mar 2015
Fesco Transportation Group’s profit soared 30 percent in the fourth quarter of 2014, but the weak ruble and lower rail freight rates dragged down the full-year result.
16 Mar 2015
Global Ports, Russia’s largest container terminal operator, sank into the red in 2014 as the slumping ruble reduced imports and increased financing costs.