Swire Shipping launches direct Asia-Australasia loop
Swire Shipping, the liner shipping division of The China Navigation Company, has launched a new direct Asia Pacific-Australasia (APA) service that will operate from…
APL, the container shipping division of Neptune Orient Lines (NOL), reported second quarter core EBIT (earnings before interest and taxes) of US$7 million compared…
MSC sets bunker, peak season surcharges on Asia shipments
Mediterranean Shipping Company (MSC) announced it will apply bunker compensation (BUC) on cargo from the Far East to the Mediterranean and North Europe. The…
APEC: Efficient supply chain key to regional integration
Asia-Pacific economies should facilitate the development of efficient and reliable supply chain systems to enhance cross-border business linkages in support of regional economic integration. Transport…
Nippon Express is top PH airfreight forwarder for Q1
Nippon Express Philippines, Inc emerged as the Philippines’ top airfreight forwarder for the first quarter, cornering 18.92% of the total market with shipments of…
Box ships levied only partial rate hikes on August 1
Carriers implemented only 3 percent of their general rate increases (GRIs) scheduled for August 1 on the eastbound trans-Pacific trade because of a soft market, according to the latest…
The Netherlands-based freight forwarder CEVA Logistics reported adjusted earnings before interest, taxes, depreciation, and amortization of EUR70 million (US$85 million) in the second quarter,…
Deutsche Post DHL raises forecast as Asia demand rises
Global portal and logistics leader Deutsche Post DHL raised its full 2012 earnings guidance after its Asia market helped bolster its second-quarter revenue. While…
Geneva-based carrier Mediterranean Shipping Company (MSC) released a series of bulletins on general rate increases (GRIs) affecting its Asia loops. From August 15, MSC…
Hapag-Lloyd said it is implementing a terminal change for the Busan port calls of five Grand Alliance trans-Pacific services. These services currently call at…
Panalpina profit slides 37% as Europe-Asia trade slows
Panalpina’s profit went down 37.5 percent year-over-year for the second quarter of 2012 due to the slowdown in the Europe-Asia trade. Earnings before interest,…
First phase of Indonesia’s ‘pendulum’ program to cost $159 M
The Indonesian government will allocate IDR1.5 trillion (US$159 million) for the first phase of the Pendulum Nusantara (Pendulum of the Archipelago), a seafreight transport…
Economic expert Kevin Warsh joins UPS board of directors
United Parcel Service (UPS) appointed Kevin M. Warsh, an economic and financial market expert and a former central banker and presidential advisor, to the…
Indonesia’s port operators in talks to coordinate shipments
Indonesia’s state-owned port operator Indonesian Port Corporation (IPC) announced plans to establish a container terminal facility that will supervise shipping activities at all the…
