Mitsui O.S.K. Lines (MOL) has set up a wholly owned subsidiary in Myanmar after acquiring a permanent business license from the the country’s government…
American package delivery giants United Parcel Service (UPS) and FedEx Express both lauded U.S. President Barack Obama’s announcement of the launch of talks for…
Box ship reliability rises to 80% as Hanjin named most reliable
Ship and container reliability showed significant quarter-on-quarter increases in the fourth quarter of 2012, but the blank sailings planned for early this year…
Hapag-Lloyd applies rate hikes to various trades from March
Hamburg-based Hapag-Lloyd announced it will increase rates effective March for all cargoes and containers from East Asia to Mexico, West Coast of Central America,…
United Parcel Service (UPS) expanded its direct less-than-container-load (LCL) network by more than 300 lanes in Asia, Europe, the Middle East, Africa, and South…
The Cebu Port Authority (CPA) is eyeing construction of a P7-billion peso container facility in the Southern Philippines city of Cebu to accommodate increasing…
DB Schenker plans SG warehouse, Catapult opens HK office
Contract logistics and supply chain company DB Schenker Logistics will build a new integrated logistics center at the Tampines LogisPark, Singapore, close to Changi…
APEC eyes infrastructure development to connect regional growth centers
Senior officials of the Asia-Pacific Economic Cooperation met in Jakarta, Indonesia, this week to formulate proposals to boost regional economic integration through enhanced free…
Asia airlines register 3.4% cargo reduction in 2012
Asia-Pacific airlines encountered weaker market conditions last year that led to a more than 3 percent drop in international air cargo volume compared to…
Israeli shipping line Zim Integrated Shipping Services announced it will restructure its service network in the Asia-Indian Sub-continent/East Mediterranean/North Europe trade to improve alignment…
Hapag-Lloyd announces new rate hikes, services for Asia trade
Hapag-Lloyd will increase freight rates effective April 1 for all dry, reefer, non-operative reefer, flat rack, and open-top containers from East Asia to the…
The six member-carriers of the G6 Alliance have agreed to expand their cooperation beyond the Asia-Europe trade to the Asia-North America East Coast trade.…
Member lines in the Transpacific Stabilization Agreement (TSA) are seeking an across-the-board general rate increase (GRI) on all dry and refrigerated cargo effective April…
Manila-based International Container Terminal Services, Inc. (ICTSI) has won the bid to develop and operate the container and general cargo terminal in Puerto Cortes…
MOL sees red, but NYK and ‘K’ Line swing into black
Mitsui O.S.K. Lines (MOL) revised downward its earlier forecast of its net loss for full-year 2012 ending March 31, 2013. The Japanese carrier ascribed…
