The construction of the first phase of the Kalibaru Port, or New Priok, officially began late this month with Indonesian President Susilo Bambang Yudhoyono…
FedEx eyes Asia capacity cut as profit slides in Q3
Tennessee-based FedEx Corp. reported a net income of US$361 million for the third quarter ended February 28, down 31 percent from $521 million year-over-year,…
The G6 Alliance has unveiled its new port rotations on the trans-Pacific following the U.S. Federal Maritime Commission’s approval of its bid to expand…
Singapore-based carrier MCC Transport announced it is revising two of its intra-Asia services, to take effect from April 2013. The intra-Asia specialist said the…
Asia Airfreight Terminal (AAT), the second cargo terminal handler at the Hong Kong International Airport, announced that its tonnage throughput in February fell 13…
Hong Kong International Airport (HKIA) registered a smaller cargo volume in February this year, but throughout grew when traffic figures in the first couple…
PH international air cargo traffic down 5.7% in 2012
The Philippines’ air cargo traffic serviced by international airfreight forwarders shrank 5.7% last year to 243.85 million kilograms from 258.59 million kg in 2011,…
The CKYH alliance comprised of Cosco, “K” Line, Yang Ming, and Hanjin Shipping plan to restructure its current Asia-U.S. East Coast loops effective middle…
Blanked sailings have boosted average ship usage and freight rates in the trans-Pacific and Asia-Europe routes between October 2012 and February 2013, but this…
Denmark-based Maersk Line and Singapore-headquartered MCC Transport plan to open a branch office in Myanmar in the second half of 2013 to capitalize on…
Two consortiums on the Southeast Asia-Australia trade will consolidate their service networks starting the middle of April, deploying fewer but bigger vessels. The combined…
