APEC growth seen to gradually accelerate

Many member-economies of the Asia-Pacific Cooperation (APEC) were adversely affected by the Euro area’s sovereign debt issues and weaker trade last year. But regional…

CMA CGM’s second 16,000-TEU ship embarks on initial voyage

The second of CMA CGM’s series of three 16,000-TEU (20-foot-equivalent unit) vessels began its first voyage on April 19 in Busan, South Korea. Built…

Cathay Pacific, Dragonair traffic volume slips

Hong Kong’s Cathay Pacific Airways and Dragonair reported a drop in combined cargo and mail traffic figures for March 2013, attributing the decline to…

Vietnam’s southern ports languishing

The seven international container terminals in the Cai Mep-Thi Vai deepwater port complex in southern Vietnam are struggling with such low demand that they…

HK dockers bring strike to port owner’s HQ

Striking dock workers at Hongkong International Terminals have moved their three-week protest rally from the Kwai Tsing Container Terminals to the office of HIT…

Indonesia port operators create cargo-handling JV

Four state-owned port operators in Indonesia  have established a joint venture to provide coordinated domestic cargo-handling services and thus reduce local logistics costs as…

Evergreen Line strengthens Far East-South America network

Taiwan’s Evergreen Line is joining forces with China’s Cosco Container Lines and Israel-based Zim Integrated Shipping Services to upgrade its Far East-South America (ESA)…

Northport to invest $330M in modernization drive

Malaysia’s Northport, one of the three ports at Port Klang, announced a RM1-billion (US$330 million) renovation plan that will allow it to handle bigger…

Hapag-Lloyd increasing Asia rates from May

German carrier Hapag-Lloyd is planning a series of general rate increases affecting the Asia trade effective the middle of May. The company will boost…

HK’s Hactl reports 1.6% air cargo hike in 1st quarter

Hong Kong Air Cargo Terminals Limited (Hactl), the major cargo handler at Hong Kong International Airport, announced a throughput of 643,912 tonnes for the…

K+N sees Q1 gains on cost savings, airfreight profit

Kuehne + Nagel (K+N) registered higher earnings in the first quarter of 2013 on the back of improved internal efficiency and productivity as well…

Carriers will be hard put to sustain rate hikes in 2013

Box ship operators will be in a constant battle to sustain rates and stay profitable this year as more ships are poised to join…

PH container throughput up 2% in Jan-Feb

The Philippine Ports Authority (PPA) reported steady growth in cargo volume in the first two months of the year, with containerized throughput rising 1.91%…

Maersk Line includes Busan in Asia-Europe calls

Danish carrier Maersk Line is adding Busan Port in South Korea to the schedule of its Asia-Europe service called AE10. Busan Port is one…

Singapore to lower port dues, offer green perks

The Port of Singapore will reduce its port dues to enhance its competitiveness as a hub port and offer incentives to encourage environmentally friendly…

Kuehne + Nagel boosts Myanmar presence

Kuehne + Nagel Singapore opened an office in Myanmar in early April to further strengthen its presence in the Asia-Pacific region. The Kuehne +…

CMA CGM to launch new Asia-Red Sea loop

French ocean carrier CMA CGM will introduce a new fixed-day weekly service on the Asia-Red Sea route in May, expanding its coverage of the…

Developing Asia to post robust growth in 2013-2014

Rising private consumption and stronger intra-regional trade will spur the growth of developing Asia in 2013 and 2014, as economic activity in the U.S.…

Vietnam wants to convert Chu Lai Airport into cargo hub

The Airports Corporation of Vietnam (ACV) has asked a global consulting firm to look into the possibility of converting the Chu Lai International Airport…

Hapag-Lloyd tweaks Asia-US West Coast service

German ocean carrier Hapag-Lloyd will introduce a new Asia-U.S. West Coast service called Pacific China Express (PCX) this month even as it terminates the…