The new freight rate for a 20-foot container will rise by $150 to the East Coast and by $200 to West Coast ports

The announcement came after the conclusion of talks held in Seoul between Tourism Minister Yitzhak Aharonovich and Mr. Jonghee Lee, President of Korean Air

Evergreen announced it will began the service with a single vessel M/V Ital Ordine, in September this year. In November the service will run on a weekly basis

It is understood that Zim has taken the decision to deepen its involvement in the break bulk trade in general and from the Far East in particular. Zim has so far denied the rumors

El Al says that that the decision was made due to the fact that over 1,000 Israelis use their own bicycles to take bicycle trips around the world each year

Two sectors saw a relative decline in activity: tourist arrivals fell by almost 5% and new housing starts fell by 17%. Growth contributed to substantial improvement in the labor market

Until the initial authorization, Iraq was included in a list of hostile countries, with which trade was forbidden. It is now authorize to trade with Iraq until 15th July 2009

The agreement intends to strengthen technical, professional as well as logistic co-operation between the two ports