Global logistics firm Dachser Intelligent Logistics announced that it has established a head office in Malaysia to expand its service portfolio in the Asia-Pacific…
DHL’s Asia division helps drive Deutsche Post DHL Q1 growth
Deutsche Post DHL, the world’s leading postal and logistics group, continued its strong performance from last year, posting a 4.3 percent increase in revenue…
Myanmar set for economic takeoff with right policies—IMF
Myanmar’s new government faces a historic opportunity to jump-start the country’s economic development and lift living standards, says the International Monetary Fund in its…
TSA lines recommend peak season surcharge for 2012-13
Oakland, CA – Transpacific Stabilization Agreement (TSA) member lines are recommending a peak season surcharge (PSS) of US$600 per 40-foot container (FEU) and proportionate…
NYK kicks off Thailand-Vietnam-Canton loop with RCL
Japan-based Nippon Yusen Kaisha (NYK) is ceasing its Thailand–Vietnam–Singapore (TVS) joint service and launching the Thailand–Vietnam–Canton (TVC) joint service from mid-May. NYK said on…
US-Asia lines recommend seasonal rate actions on proteins, hides
Oakland, CA– Container lines operating in the U.S.-Asia trade lane have proposed a set of non-binding guideline increases for freight rates covering frozen and…
ICTSI Singapore subsidiary buys Indonesian company
Manila-based port operator International Container Terminal Services, Inc (ICTSI) has acquired an Indonesian garment manufacturer which it plans to transform into a port management…
Hapag-Lloyd sets Far East-N Europe eastbound and westbound rate hikes
Hapag-Lloyd will implement general rate increases for all cargo and container types from the eastbound and westbound Far East-North Europe slings, the German ocean…
The westbound Asia-Europe box rates rose strongly last week, rising 19 percent even as pricing on the eastbound trans-Pacific trade remained unchanged, according to…
Asian cargo carriers post revenue, traffic decline in 2011
Cargo revenues of Asia Pacific-based international cargo carriers fell by 1.4 percent to US$22 billion in 2011 compared to the previous year. Similarly, cargo…
Container truck drivers stage strike at Port Klang
Container truck drivers continued their strike at Port Klang in Malaysia to protest supposedly exorbitant depot gate charges and delays that have eaten into…
High oil prices undermine airfreight demand growth
Air freight markets are now showing signs of “renewed expansion,” but steep fuel prices are negating the positive results, said the International Air Transport…
Hutchison Ports Indonesia to invest $100 million in JITC expansion
PT Hutchison Ports Indonesia (HPI) will invest US$100 million in the expansion of the Jakarta International Container Terminal (JICT) in Tanjung Priok, North Jakarta.…
