London’s subway is recycling power from the wasted energy of braking trains

Commuters pressed up against the sides of a London Underground carriage will know the constant jerking as trains alternate between the bursts of speed needed to get between stations and stopping, a process that means vast amounts of energy are lost. The Tube has now begun using technology that... 2015-10-08

Russian Justice Ministry approves international flights for Pobeda lowcoster

Russian Justice Ministry has approved amendments to Federal aviation regulation, which stipulate international flights for Pobeda lowcoster [Aeroflot subsidiary - TASS], a source in Aeroflot Group told TASS on Thursday. "On October 2, the Justice Ministry made amendments to Federal Aviation... 2015-10-08

EU backs gradual privitisation of Europe’s railways

The European Commission’s Transport Council has reached an agreement over the political pillar of the Fourth railway package which calls for a “gradual” liberalisation of rail operations across member states, reports Global Rail News. During a meeting in Luxembourg... 2015-10-08

Piraeus privatisation pushed back

The Greek government has had to postpone the sale of a majority stake in Piraeus, its largest port, TASS reports. The privatisation of the port was a requirement of the third bailout agreed with the country's creditors. However, the recent national elections slowed down work at the ministries... 2015-10-07

The conflict between U.S. apparel manufacturers and Alibaba

The conflict between U.S. apparel manufacturers and AlibabaGroup Holding Ltd. is escalating, reports WSJ. The WSJ’s Gillian Wong and Kathy Chu report that the American Apparel & Footwear Association this week urged the U.S. government to labor Alibaba’s... 2015-10-07

Damen buys Rotterdam yard

Damen Shiprepair & Conversion /DSC/ has taken over Dutch repair yard D. van de Wetering in Rotterdam, one of the oldest ship repair companies in Northwest Europe having been operational since 1880, the company announced in a statement without communicating any further details of the deal, TASS... 2015-10-07

Russia and Turkey may sign free trade zone agreement in 2016

Russia and Turkey may sign an agreement on free trade zone in 2016, Minister of Economic Development Alexey Ulyukayev said, reports TASS. According to the official, the appropriate documentation will be prepared by October 2015 and the parties will be ready to sign the agreement in 2016. The... 2015-10-06

Russian antitrust service supports VEB’s initiative to create new airline on base of Transaero

Russia’s Federal Antimonopoly Service /FAS/ supports the initiative proposed by the VEB development bank to create a new airline on the base of Transaero, its Head Igor Artemyev said on Tuesday, TASS reports. "I’ve only heard about this idea," he said, adding that any attempt to retain... 2015-10-06

VEB and VTB may set up a new airline to operate Transaero’s fleet - VTB

Bankruptcy of Transaero Airline is just one of the possibilities considered by the state lessors of the indebted airline, along with setting up a new carrier to operate it fleet, the head of VEB Vladimir Dmitriev told in a TV interview to Russia-24, reports TASS. He admitted a ‘soft... 2015-10-05

Singapore’s PSA plans container terminal at Kakinada port

Singapore’s PSA International Pte Ltd, the world’s top container terminal operator by volume, plans to set up a container terminal at Kakinada port in Andhra Pradesh, India’s Livemint news agency reports (reports TASS). "PSA has signed a memorandum of understanding with the port... 2015-10-05

Siemens opens locomotive servicing and data analysis centres

Bayern Transport Minister Joachim Herrmann and Siemens Mobility CEO Jochen Eickholt officially opened a locomotive service centre at the manufacturer’s München-Allach plant on October 1, reports Railway Gazette. Siemens says the new 2000 m2 covered hall will enable it to... 2015-10-02

Alstom to supply Swedish national traffic management system

Trafikverket has awarded Alstom a €66m contract to design, supply and maintain an Iconis traffic management system covering its entire network, reports Railway Gazette. The contract announced on September 30 will run for eight years, with an option for a further nine, and has been awarded as... 2015-10-01

Crude exports through sea ports totals around 11.2 mln tonnes in September

Export of crude oil through sea ports totaled 11.2 mln tonnes in September according to preliminary data, Transneft official representative Igor Demin said, reports TASS. Particularly, 2.4 mln tonnes of crude oil were exported through Kozmino port, 2.5 mln tonnes - through Ust-Luga, 2.4 mln tonnes... 2015-10-01

No request received by Russian Transport Ministry from Ukraine for consultations on flights’ ban

Russia’s Transport Ministry has not yet received a request from Ukrainian authorities for consultations on flights’ ban, Minister Maxim Sokolov said on Thursday, reports TASS. "We’ve made requests several times but we never received any response from Ukrainian authorities... 2015-10-01

Aeroflot stops selling tickets to Ukraine from October 25 - company

Aeroflot stopped selling tickets for flights to Kiev and Odessa in connection with the decision of Ukrainian authorities to ban flights of Russian airlines, the press service of the Russian flag carrier told TASS on Wednesday. Tickets can be returned without extra charges, the airline said, reports... 2015-10-01

RF airlines transported 400,000 passengers on subsidised flights

During the first 9 months of the current year RF airlines ferried over 400,000 passengers on the 7,500 domestic subsidised flights, according to the RF Federal Air Transport Agency /Rosaviation/, reports TASS. Subsidies to stimulate regional air transportation are allocated in the amount of RUR... 2015-09-30

Russia to ban fish imports including tinned fish from Poland from September 30 - regulator

Russia will impose a temporary ban on fish imports including canned fish from Poland from September 30, the Federal Service for Veterinary and Phytosanitary Surveillance said in a statement on Tuesday, reports TASS. "Taking into account that the Polish side repeatedly shifted the term of... 2015-09-30

Russian Post invested in fleet upgrade

Russian Post has purchased 230 new vehicles under the programme of fleet modernization. Altogether the since the beginning of the year Russian Post has purchased over 3,200 new vehicles, reports TASS. The company noted, the federal subsidies programme aimed at modernization of the fleet of road... 2015-09-30

Russia’s flight ban for Ukrainian companies to be in place until Ukraine lifts its ban

Russia will lift its flight ban for Ukrainian companies after Ukraine lifts its ban in respect of Russian air companies, the press service of Russia’s Air Transport Service (Rosaviatsiya) said on Tuesday, reports TASS. "The ban will be in place until the Ukrainian authorities lift their ban... 2015-09-29

Olga Pleshakova says she is no longer a shareholder of Tranasero airline

Olga Pleshakova and her daughters are no longer shareholders of Tranasaero airline, reports TASS. "Me and my daughters are no longer shareholders of Tranasaero airline," Pleshakova wrote in her twitter micro-blog. 2015-09-29