VTB to expand financing trade contracts with Bank of China

VTB Bank and one of China’s leading banks, Bank of China, have signed an agreement to expand their product lines for servicing trade contracts between Russia and China. This agreement will provide banking services to finance bilateral trade flows within the limits of credit lines approved by Bank of China for VTB. This will increase further trade between Russia and China in different sectors of their economies. In addition, it

The 5th International Transport and Logistics Conference brings global sector leaders together to inspire students

The International Transport and Logistics Conference organised by Pegasus Cargo in partnership with Istanbul University’s Transportation and Logistics Faculty took place on 23-24 March 2016 at Istanbul University. The conference brought together prominent leaders in the international logistics sector who shared their industry know-how with students. Speaking at the launch of the event, Pegasus Airlines CEO, Mr Mehmet Nane, said: “Similar to how the sharing and spread of information is

Waberer's maintains profitability despite adverse conditions in 2015

Waberer’s International Nyrt. (Waberer’s) has given the right answers to challenges of unfavourable external conditions and has maintained its profitability – as stated in the annual report summarising Waberer’s Group’s 2015 performance. Compared to previous years, Waberer’s turnover has increased at a somewhat more modest rate, reaching EUR 522.5 million which exceeds the 2014 figure by 5.3%. In spite of the considerable deterioration of conditions in international road transport, Waberer’s

2-part stevedoring forklift for lifting in ships' hull

The Hyster Special Projects Engineering Department has adapted a 40 tonne lift capacity Hyster forklift to meet the challenges of a tough stevedoring application. “The stevedoring customer has cranes on the quayside with a maximum capacity of 50 tonnes, and needs a 40 tonne lift capacity forklift truck to operate inside the ships as they come in to be unloaded,” says Chris van der Werdt, Commercial Manager for Hyster Big

DP World shares top table at strategic summit in France

DP World Group Chairman and CEO HE Sultan Ahmed bin Sulayem recently met the President of France, Francois Hollande and senior government and business leaders at a major investment summit at the Élysée Palace in Paris. France’s attractiveness as an investment location and DP World’s projects in the country were highlights of the discussions which also covered infrastructure development, port centric development, distribution and export hubs, rail freight, customs, and

Working together for success: The Air Cargo Community Frankfurt is growing dynamically

Cooperation based on trust among community members across corporate boundaries – FCS Frankfurt Cargo Services, South America’s airline network LATAM Airlines and Frankfurt road cargo reinforce the highly innovative organisation The Air Cargo Community Frankfurt is setting the tone and driving innovation in new and diverse fields all around the Air Cargo Frankfurt location. The special thing about this: The companies represented are cooperating closely and confidently within the community

Switch to outsourced logistics allows Bodie and Fou to ramp up stockholding

Bodie and Fou, online retailers of a range of high-end home accessories including bed linen, kitchen accessories, lighting and furniture, have awarded Berkshire-based logistics solutions specialist, Walker Logistics, the contract to manage their UK and European supply chain. Walker will receive incoming stock and dispatch orders throughout the UK and in to Europe on behalf of the company and, in addition to standard picking and packing services, Walker will gift-wrap

Breaking up is never easy: Brexit and its potential impact on the logistics industry

Andrew Austin, Group Operations Director 16/03/2016 The battle lines have been drawn and in less than four months from now Britain could start the process of separating itself from the European Union (EU). A lot of the public debate, particularly in the tabloid media, has focused on freedom of movement and the nation’s so-called ability, or inability, to control its own borders. Beyond this rather emotive subject, another freedom –

A beginner's guide to international sales taxes

Sales tax is the most common overseas tax which international traders have to deal with. John Galvin explains them here. Here’s a TRUE or FALSE question for you this month: Is it correct that the most common overseas tax faced by international trading businesses should not cost them anything? Strangely enough, the answer is TRUE and the tax in question is sales tax, commonly known as VAT or GST. In

PD Ports talk apprenticeships

As part of National Apprenticeship Week, PD Ports’ HR Director, Russ McCallion, has been speaking out about the opportunities apprenticeships can bring to young people and how they can lead to achieving great things. PD Ports has been providing apprenticeships at Teesport for over 14 years, seeing around 70 young people start their careers in a number of different vocations including engineering, dock operations and administration. “Apprenticeships are vital to