Box carriers eye GRIs on various Asia routes in June

APL, the container shipping line of Singapore-based Neptune Orient Lines, will impose a general rate increase (GRI) effective June on its South America network…

DHL, Logwin expanding operations in Vietnam

DHL Supply Chain has unveiled a two-year plan to invest EUR10 million (US$13 million) in new facilities, IT systems support, transport fleet, and workforce…

Deutsche Post DHL earnings inch up 2.9% in Q1

Bonn-based Deutsche Post DHL increased both revenues and operating earnings slightly in the first three months of the year compared to the same period…

Global freight rates skid to 15-month low

Average global freight rates fell to a 15-month low in April as prices on the Asia-Europe and Asia-North America trade lanes contracted,  according to…

Dutch company wins contract for Tanjung Priok port expansion

Royal HaskoningDHV, an Amersfoort, The Netherlands-based consultancy and project manager, has won a multimillion-dollar contract to supervise the initial expansion of the Tanjung Priok…

Hapag-Lloyd revises rates on East Asia-Latin America network

German box carrier Hapag-Lloyd announced general rate increases (GRIs) for its East Asia-Latin America services effective the middle of June. In advisories released today,…

Container monorail to link Surabaya ports in Indonesia

Two of Indonesia’s state-owned companies—port operator PT Pelabuhan Indonesia III (Pelindo III) and construction firm Adhi Karya—plan to build an IDR2.5 trillion ($256 million)…

Malaysia ports to undergo $666-M upgrade

Malaysia-headquartered MMC Corp. Bhd will invest MYR2 billion (US$666 million) in upgrading the capacity and efficiency of both the Johor Port and Port of…

Hapag-Lloyd, OOCL to raise Far East rates

Germany’s Hapag-Lloyd will increase rates and implement a peak season surcharge (PSS) on its Asia services. Effective July 1, Hapag-Lloyd will hike the rates…

RCL and MCC in new intra-Asia slot exchange

Thailand-based Regional Container Lines (RCL) announced a new slot exchange deal with MCC Transport on the Thailand/Vietnam-Hong Kong trade route that begins in the…

Emirates Shipping Line adjusts Asia-ME charges for May

UAE-based Emirates Shipping Line announced a general rate increase for its Asia-Middle East trade lane effective May 15. The box liner said a rate…

ACI observes ‘systemic slowdown’ in airfreight traffic

Global airfreight traffic continued to exhibit signs of weakness, posting cargo volume of 4,202 metric tonnes in March for a year-over-year decline of 1…

HK airfreight handler logs double-digit volume growth

Asia Airfreight Terminal (AAT), the second cargo handler at Hong Kong International Airport, recorded an 11 percent rise in throughput for April 2013 year-over-year.…

PSS, GRI and BAF await boxes on Cosco’s Far East-Europe network

Cosco Container Lines plans to impose a peak season surcharge (PSS) on the Far East-Northwest Europe and Mediterranean starting next month. In a statement,…

APL revises Asia-North America loop

Singapore-based APL said it is replacing its SZX service Ex Colombo with its AZX service beginning May. The carrier, a subsidiary of Neptune Orient…

Tanjung Sauh to catapult Indonesia to global transshipment hub?

Indonesia’s ongoing construction of a new container port in Tanjung Sauh is part of an ambitious plan to become a major transshipment center, but…

Zim, MOL enhance services

Israel-based Zim Integrated Shipping Services announced it will add the port of Norfolk in Virginia, U.S.A., to its Zim Container Service Pacific (ZCP) route…

First quarter yields profit for Panalpina

With strong performances in ocean freight and logistics, Swiss forwarder Panalpina started the year on a positive note, reporting a consolidated profit of CHF14…

Mega-ship orders weakening rate hike resolve

New orders for ultra-large container vessels (ULCVs) are undermining attempts by carriers to solve the capacity overhang, according to Drewry’s monthly report “Sea &…

Improved South-Southeast Asia connectivity key to boosting trade—ADB

With newly opened Myanmar providing a land link, South Asia and Southeast Asia now have a greater opportunity to build closer economic ties and…