Mediterranean Shipping Co. (MSC) and Zim Integrated Shipping announced general rate increases (GRIs) for the Far East-Europe trade lane, which will take effect from…
ADB: Developing Asia not immune to world economic slump spillover
After years of rapid growth, developing Asia must brace for a prolonged period of moderate expansion amidst an ongoing slump in global demand, according…
FedEx launches $80-M regional cargo hub in Singapore
American air cargo transportation company FedEx Express opened on October 3 a new SGD97 million (US$78.9 million) hub in Singapore that consolidates and boosts its…
APEC economies improve ease of doing business—report
Member-economies of the Asia-Pacific Economic Cooperation (APEC) improved the ease of doing business in the region by 8.2 percent between 2009 and 2011, exceeding…
Singapore embarks on $2.8-B container port expansion
PSA Singapore Terminals (PSA) will invest SGD3.5 billion (US$2.8 billion) in developing phases three and four of the Pasir Panjang Terminal (PPT). The new…
Despite the global and regional economic slowdown, the Philippine economy continues to show its strength with a positive performance in the first half of…
Global airfreight outlook revised from black to red
The troubled international cargo airline industry is facing fiercer headwinds this year, the International Air Transport Association (IATA) said in its latest revised outlook…
APL Logistics, the freight-forwarding arm of Neptune Orient Lines, opened two quality assurance centers in Bangladesh to capitalize on the growing apparel sector in…
Philippine cargo throughput grew modestly in the first eight months of the year due to the strong performance of foreign cargoes, particularly exports. Data…
Indonesia taps SOGET, Microsoft to build port community system
State-owned port operator Indonesia Port Corporation (IPC) II chose SOGET and Microsoft to implement what it said will be the world’s largest electronically connected…
Ocean carriers calendar rate hikes for Asia-Europe trade
Box lines Hapag-Lloyd, OOCL, and CMA CGM have announced further rate hikes from early November. Hapag-Lloyd will raise freight rates for the Far East-Europe…
Asia-Pacific carriers feel pain of air freight downturn
Asia-Pacific airlines continue to face weak global air freight demand, according to traffic figures for August released by two airline associations. The Association of…
Mediterranean Shipping Company (MSC) announced the introduction next month of a new service to the PrimePort of Timaru in New Zealand, the news coming…
Switzerland-based logistics provider Agility named 28-year company veteran Chris Price as chief executive officer for its Asia-Pacific operations, and 11-year company veteran Mike Bible…
Annual operating costs for the container shipping industry rose in 2011 compared to the preceding year, propelled largely by greater crew spending, according to…
Oakland, CA– Container lines serving the Asia-U.S. trade lane reaffirmed their commitment to reversing 2011 and 2012 losses, and to raising the baseline for…
