Browsing Category

Breaking News

4702 posts

Sinking shipyard prices driving newbuild orders—Drewry

Plummeting shipyard prices is one of the reasons for the recent surge in new vessel orders amid weak demand and an industry-wide overcapacity, said…
  • July 8, 2013
  • 2 minute read

Hapag-Lloyd sets PSS for Asia-North America lane

Germany’s Hapag-Lloyd is implementing a peak season surcharge (PSS) on all shipments on the Far East-North America trade lane effective August. The PSS for…
  • July 7, 2013
  • 1 minute read

Malaysia to construct new terminal at Kuantan Port

A new deepwater terminal will be built at Kuantan Port, a multipurpose port about 25 kilometers north of Kuantan City in the east coast…
  • July 4, 2013
  • 1 minute read

Asia-Europe box rates climb post-July 1

Container rates on the Asia-Europe trade lane soared as carriers pushed through with the July 1 general rate increase (GRI) despite the weak global…
  • July 4, 2013
  • 2 minute read

Malaysia’s Port Klang eyeing third terminal

Port Klang, Malaysia’s busiest port, is considering constructing a third terminal after five or six years to augment the capacity of the two existing…
  • July 3, 2013
  • 1 minute read

OOCL to hike rates on Southeast Asia-Australia lane

Saying current freight rates do not cover basic operating or transportation costs, Orient Overseas Container Line (OOCL) announced it will raise the rates for…
  • July 3, 2013
  • 1 minute read

PH agencies agree to conduct study on port congestion

AFTER several fact-finding consultations, the Philippine Department of Justice’s (DOJ) Office for Competition (OFC) and the Philippine Ports Authority (PPA) last week signed a…
  • July 3, 2013
  • 2 minute read

Tiger eyes 7% share of cargo in P5B revenue target

LOW-COST carrier Tiger Airways Philippines expects its air cargo business to contribute about 7% of its P5 billion forecast sales for this year as…
  • July 3, 2013
  • 3 minute read

IATA: world airfreight growth still flatlining

Global air cargo growth has continued to flatline in May, broadly following the trend of the last 18 months, according to figures released by…
  • July 3, 2013
  • 2 minute read

TSA to implement peak season surcharge Aug. 1

CONTAINER shipping lines in the Transpacific Stabilization Agreement (TSA) are implementing a guideline peak season surcharge (PSS) of US$400 per 40-foot container from Asia…
  • July 2, 2013
  • 2 minute read

PH liners bear losses from delayed tariff rate hike matrix

DOMESTIC shipping lines are seeing potential losses because the rates matrix for the 10% provisional cargo-handling tariff increase recently granted by the Philippine Ports…
  • July 2, 2013
  • 2 minute read

Changi airfreight contracts, SIA Cargo names new head

Singapore Changi Airport handled 3.5 percent less cargo in May this year versus the same period in 2012. In a press statement, Changi Airport…
  • July 1, 2013
  • 1 minute read

P3 alliance to impact port industry greatly—Drewry

The recent decision of Maersk Line, MSC, and CMA CGM to form a mammoth vessel-sharing alliance in the three major east-west trades will have…
  • July 1, 2013
  • 2 minute read

DHL Freight introduces GreenLink

Germany’s DHL Freight, the road freight unit of Deutsche Post DHL, is launching a global lead logistics provider (LLP) service under the new brand…
  • July 1, 2013
  • 1 minute read

Logistics firm heightens Vietnam presence

Vanguard Logistics Services has set up new offices in Hanoi and Haiphong to bring to four its branches throughout Vietnam as it continues to…
  • July 1, 2013
  • 1 minute read

Indonesia to build its fourth largest maritime industrial zone

Indonesia has begun constructing the first phase of a maritime industrial zone project at the Batubalai Port in Tanggamus regency in Lampung, Sumatra. The…
  • June 28, 2013
  • 1 minute read

Good regulatory practices will foster APEC’s growth—experts

Monitoring good regulatory practices and improving their implementation will help lift trade and investment barriers and spur regional growth in the Asia-Pacific Economic Cooperation…
  • June 28, 2013
  • 1 minute read

New 13,208-TEU box ship named OOCL Chongqing

Orient Overseas Container Line has named its new 13,208-TEU container ship OOCL Chongqing. The newbuild, the third 13,208-TEU-class ship to be delivered to OOCL,…
  • June 28, 2013
  • 1 minute read

Carriers hoping freight rate rally in July sticks

Container shipping costs have sunk to the depths of the last freight rate trough at the end of 2011, but carriers are hoping to…
  • June 27, 2013
  • 2 minute read

Vietnam prioritizes 4 port projects

The Vietnam Maritime Bureau will focus on four key port and infrastructure projects from now until 2020 as part of its strategy to lift…
  • June 26, 2013
  • 2 minute read