Declining business delays Vietnam port launch

Construction of the Gemalink-Cai Mep Port, touted to be the largest at the Cai Mep-Thi Vai port complex in Vietnam once completed, has slowed…

Maersk Line’s Q1 sees net loss of $599 million

Maersk Line reported a net loss of US$599 million in the first quarter of 2012 from a profit of $424 million year-over-year, as average…

ASEAN, World Bank collaborate to monitor regional integration

The World Bank has agreed to advise the Association of Southeast Asian Nations (ASEAN) on the best ways to monitor its progress toward regional…

1 in 4 box ships still behind schedule, says report

Container carriers’ schedule reliability improved to 72.3 percent in the first quarter of 2012, but service standards remained as low as 40 percent, a…

Cathay Pacific, Dragonair traffic down for April

Cathay Pacific and Dragonair’s combined volume for April 2012 showed another drop in cargo and mail tonnage year-on-year, Hong Kong-based Cathay Pacific Airways said in…

New Priok Port completed by 2023

State port operator Indonesia Port Corporation (IPC) said the New Priok Port development in Jakarta, Indonesia, will be completed in 2023. It will have…

Freight volume growth for Q2 and Q3 ‘modest at best’

Increases in global freight tonnage will be “modest at best” for the second and third quarters of the year, the latest data from the…

Kerry Logistics opens India, China tank depots

Logistics giant Kerry Logistics has opened an ISO tank depot in India and a foundry to supply engineering parts for tank customers in China.…

Auckland hosts 39th Executive Council Meeting of FAPAA

Auckland, New Zealand — The Customs Brokers and Freight Forwarders Federation of New Zealand (CBAFF) recently hosted the 39th Executive Council Meeting and annual…

MASkargo inaugurates KL-Ho Chi Minh-Bangkok route

MASkargo, the cargo unit of Malaysia Airlines, has launched a Southeast Asia route as part of the expansion of its intra-Asia network. The A330…

Mandatory adoption of PH automated export system scheduled in June

The supplemental Customs Memorandum Order (CMO) implementing the Philippine Bureau of Customs (BOC) electronic-to-mobile Automated Export Declaration System (e2m-AEDS) has been signed, with full…

PH box throughput increases 7% in Q1

Philippine container throughput grew 6.97% to 1.229 million twenty-foot equivalent units in the first quarter of the year from 1.149 million TEUs year-on-year, according…

NOL loses $254 million in first quarter

Neptune Orient Lines (NOL), the Singapore-based container shipping and logistics company, reported a bigger first quarter 2012 net loss amounting to US$254 million from…

Malaysia ports’ box volumes up January-March

Malaysian ports posted an increase in container volume of 6.5 percent to 5.1 million 20-foot equivalent units (TEUs) in the first quarter of 2012…

Hanjin Shipping $295 million poorer in Q1

Hanjin Shipping, South Korea’s largest container shipping line, registered a greater first quarter net loss year-on-year due to higher bunker prices and lower cargo…

High fuel costs, weak demand drag down SIA profits

Singapore Airlines (SIA) saw its net profit dive by 69 percent in the fiscal year ended March 31, 2012, which it blamed on high…

MOL, Evergreen to launch Asia-US East Coast service in June

Taiwan’s Evergreen Line and Japan’s Mitsui O.S.K. Lines (MOL) will launch a joint Asia-U.S. East Coast service in early June. In a press release,…

Diesel-powered RTGs at Laem Chabang set for conversion

APM Terminals (APMT) said it has signed a EUR1 million (US$1.3 million) contract with Germany’s Conductix-Wampfler for the retrofitting of rubber-tire gantry (RTG) cranes…

Cathay Pacific braces for disappointing first half, eyes capacity cuts

Cathay Pacific Airways said it expects “disappointing” financial results for the first half of 2012, as fuel prices remain high and the cargo business…

CKYH restructures Asia-US East Coast routes

The CKYH alliance will restructure five of its current Asia-U.S. East Coast loops starting the middle of May 2012. The alliance, made up of…