Singapore will consolidate all its container port operations by relocating to Tuas, a new port development near the city-state’s industrial center that can process…
Hanjin, Evergreen trim joint China-Europe capacity
Ocean carriers Hanjin Shipping and Evergreen Line plan to reduce capacity on their joint China-Europe service for the fourth quarter “in response to the…
Singapore Changi Airport experienced this September its third consecutive month of cargo contraction for the year. The airport processed 153,700 tonnes of airfreight last…
PH international airfreight volume hits 136M kg in first half
Nippon Express leads the pack The Philippines’ international airfreight cargo reached 136.452 million kilograms (kg) in the first six months of the year, according…
PH business group submits recommendations for transport, logistics sector
The Philippine Chamber of Commerce and Industry (PCCI) recently submitted to President Benigno Aquino III a 14-page wish list detailing its policy recommendations to…
Cathay Pacific Airways and Dragonair logged combined cargo and mail tonnage growth for September 2012, the first time the sister airlines from Hong Kong…
Europe-based Chapman Freeborn Airchartering further shored up its Asia network by acquiring Euro Express, an on-board courier (OBC) based in Hong Kong that provides…
French ocean carrier CMA CGM said it will remove its Turkey shuttle service and reshuffle its Asia-Mediterranean network from November 2012. The Marseilles-based box ship…
Container lines need further slow steaming, capacity idling to see profit
Profitability for the container shipping industry will remain elusive if carriers refuse to cut capacity to stabilize freight rates, warns Drewry Maritime Research. Though…
After cutting capacity on the Asia-Europe trade early this year, Maersk Line announced a further reduction “in view of declining demand,” but said the…
American parcel giant FedEx Corp. intends to improve its profitability by US$1.7 billion by fiscal 2015, largely by cutting costs at its express division…
Hapag-Lloyd revises Far East-South America route for winter
Hapag-Lloyd announced the revision of its Asia-South America East Coast (ASE) service during the winter season. The Hamburg-based box carrier said in an official…
Damco, the logistics arm of A.P. Moller-Maersk, has signed a deal to acquire Pacific Network Global Logistics (PacNet), a freight forwarder based in Australia,…
