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Deutsche Post DHL netted gains in second quarter

Bonn-based Deutsche Post DHL said its net profit climbed to EUR422 million (US$562.3 million) in the second quarter of the year from EUR196 million…
  • August 12, 2013
  • 3 minute read

ICTSI first-half profit climbs 18% to $82.9M

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted unaudited consolidated net income of US$82.9 million for the first six months of this year, up 18%…
  • August 11, 2013
  • 3 minute read

Ceva announces second-quarter earnings

Ceva saw its adjusted EBITDA (earnings before interests, taxes, depreciation, and amortization) for the second quarter of the year double from the prior quarter…
  • August 10, 2013
  • 2 minute read

Myanmar mulls seaport to boost economy in south

Myamnar is planning a deepwater port in Kalargote in the southern state of Mon that will process bulk and container cargoes. The Kalargote seaport…
  • August 9, 2013
  • 1 minute read

NOL cut losses 45% in H1 amid weak market

Neptune Orient Lines (NOL) cut its losses in core EBIT (earnings before interest, taxes, and non-recurring items) to US$120 million in the first half…
  • August 9, 2013
  • 2 minute read

OOIL records H1 loss

Orient Overseas (International) Limited (OOIL), parent company of container shipping giant Orient Overseas Container Line (OOCL), suffered a loss of US$15.3 million for the…
  • August 9, 2013
  • 2 minute read

Subic seeks adjustment in cargo-handling fees

SUBIC Bay Metropolitan Authority (SBMA) is proposing a 15% increase in tariff rates for foreign container cargo, as well as the imposition of new…
  • August 7, 2013
  • 4 minute read

Sri Lanka unveils vision to become regional logistics hub

The Sri Lanka Ports Authority (SLPA) has launched Vision 2020, an ambitious plan to make Sri Lanka a global logistic hub and an “important…
  • August 7, 2013
  • 2 minute read

OOCL launches intra-SE Asia and Asia-East Med networks

Orient Overseas Container Line (OOCL) has opened a new service network between Thailand, Vietnam, and Malaysia, especially a direct service to Pasir Gudang in…
  • August 7, 2013
  • 1 minute read

Hapag-Lloyd slates PSS, GRIs for East Asia trade

Hamburg-based Hapag-Lloyd has announced a peak season surcharge (PSS) adjustment and a general rate increase for the East Asia westbound route to be implemented…
  • August 7, 2013
  • 1 minute read

East-West air cargo rates nosedive

Airfreight rates suffered another month of falls in June, sinking to new lows, according to Drewry Maritime Research’s monthly Sea & Air Shipper Insight…
  • August 7, 2013
  • 1 minute read

G6 Alliance replaces Black Sea network with feeder service

The G6 Alliance is ceasing its ABX service covering the Far East-Black Sea trade effective from week 36. The last sailing for the ABX…
  • August 6, 2013
  • 1 minute read

ZIM adds new Asia-West Coast Central America sling

Israel-based Zim Integrated Shipping is introducing a new Asia-West Coast Central America service, connecting the ports in the West Coast of Central America with…
  • August 5, 2013
  • 1 minute read

Sri Lanka opens $500-M box port

Sri Lanka’s new $500-million Colombo South Container Terminal at the Port of Colombo, the first phase of the Colombo Port expansion project, has been…
  • August 5, 2013
  • 1 minute read

Malaysia’s MASkargo introduces money-back premium service

MASkargo, the air cargo division of Malaysia Airlines, has launched MASlift, a premium airfreight service that offers guaranteed uplift with a money-back provision, according…
  • August 5, 2013
  • 1 minute read

Weiss-Röhlig opens 2 Vietnam offices

European freight forwarder Weiss-Röhlig has opened its first two branches in Vietnam as it moves to expand its Asian operations. The two branches, in…
  • August 2, 2013
  • 1 minute read

Cargolux upgrades freighter service to Ho Chi Minh airport

Cargolux has launched its first weekly Boeing 747-8 freighter service to the Tan Son Nhat International Airport in Ho Chi Minh City, Vietnam, after…
  • August 2, 2013
  • 1 minute read

MCC introduces feeder service to Myanmar

Intra-Asia carrier MCC Transport has launched a new Yangon feeder service to improve connectivity between the growing economy of Myanmar and the global marketplace…
  • August 1, 2013
  • 1 minute read

Move to repeal cabotage law in PH gains shippers’ support

MINDANAO businesses have welcomed Philippine President Benigno Aquino’s call to amend the cabotage law. “Mindanao’s business community has long been clamoring for the amendment…
  • August 1, 2013
  • 4 minute read

Volume slips at Mindanao box terminal, but recovery under way

CARGO throughput at the Mindanao Container Terminal (MCT) in Misamis Oriental, southern Philippines, declined 1.84% to 17,000 twenty-foot equivalent units (TEUs) in June from…
  • August 1, 2013
  • 2 minute read