Asean Plus 3 endorse pacts boosting 15 years of cooperation

The ASEAN Plus Three (APT) Leaders Summit held November 19 adopted two documents that enhance cooperation between the Association of Southeast Asian Nations and…

PH domestic cargo volume up 16%

Philippine domestic cargo volume jumped 16% in the first three quarters of the year, with budget airline Cebu Pacific (CEB) handling the bulk of…

Malaysia’s Westports still optimistic about cargo growth

Westports Malaysia Sdn Bhd, operator of the country’s busiest container port, still sees growth in the next couple of years despite the global economic…

TNT Express to sell airlines to ASL Aviation

The Netherlands-based TNT Express announced it would sell TNT Airways  and Pan Air Lineas Areas to the ASL Aviation Group as soon as the…

More box ships to levy rate hikes, surcharges over next 2 months

Sea carriers continue to set their rate restoration and surcharge imposition plans for the Asia-Europe trade, to be implemented next month and January 2013.…

APL Logistics buys US Customs brokerage

Singapore’s APL Logistics announced it has acquired Carmichael International Service to enable it to provide U.S. Customs brokerage and trade compliance services in-house, the…

Rate hikes eyed for Far East westbound cargo

Hapag-Lloyd said it will increase rates for the Far East westbound trade effective December 17 to continue to provide its clients with “sustainable services.”…

Asean heads endorse pacts pushing 2015 regional integration

Leaders of the Association of Southeast Asian Nations who are meeting at the 21st Asean Summit in Phnom Penh, Cambodia, discussed plans and forged…

UPS bolsters rates for 2013

Atlanta-headquartered United Parcel Service (UPS) has released its new rates for 2013, which include an average net increase of 4.5 percent on all air…

Dragonair, Cathay Pacific improve numbers for October

Cathay Pacific Airways reported higher combined cargo and mail tonnage for the Hong Kong-based airline and its sister company Dragonair in October 2012, as…

Asia-US lines put off implementation of dry cargo rate hike

Container lines serving the trade from Asia to the U.S. will implement a previously announced dry cargo general rate increase (GRI) on December 15,…

Eurozone goes into another recession

The eurozone is back in recession after three years, the protracted debt crisis in southern Europe making an adverse impact on the region’s economic…

Asia-Pacific economies urged to invest in disaster risk reduction

As natural disasters in the Asia-Pacific continue to grow in frequency and intensity, economies in the region should look at greater investments in disaster…

HK’s air and sea cargo volumes contract in October

Sea freight movement at Hong Kong’s container port continued on its downslide in October, as throughput shrank nearly 10 percent to 1.9 million 20-foot-equivalent…

Hapag-Lloyd improves profit, revenue in Q3

Freight rates, revenue, and results in the third quarter all went up for Hapag-Lloyd, but the German ocean carrier is not enthusiastic about the…

UPS unveils improved cloud-based technology platform

Atlanta-based package delivery giant UPS introduced a new cloud-based technology platform that allows customers to more efficiently collaborate with international suppliers and better manage…

Asian airlines innovate as economic power shifts eastward—AAPA

Asia-Pacific carriers are looking into innovative courses of action, such as strategic realignments and multifaceted airline offerings, as they take a leading role in…

Cathay Pacific adds Sri Lanka to cargo network

Hong Kong’s Cathay Pacific Airways announced the launch of a new weekly freighter service to Colombo, Sri Lanka, starting December, saying it is positioning…

Cathay Pacific posts small growth as SIA Cargo losses mount

Hong Kong’s Cathay Pacific Cargo said  freight traffic has lifted slightly due to Christmas orders, but the volume has yet to match the peak…

Maersk Line posts nearly $500-M profit for Q3

Denmark-based Maersk Line reported a profit of US$498 million in the third quarter of the year against a loss of $289 million in the…