Leaders of the Association of Southeast Asian Nations lauded the entry into force of the Asean Comprehensive Investment Agreement (ACIA). The officials voiced their…
APEC sets down 2012 trade and investment priorities
The Asia-Pacific Economic Cooperation (APEC) Committee on Trade and Investment met for the second time this year to identify initiatives that support intra-Asia-Pacific trade.…
PH Customs updates list of prohibited, regulated exports
The Philippine Bureau of Customs (BOC) recently issued a memorandum circular updating the list of prohibited and regulated export products. Under Customs Memorandum Circular…
Report says emerging SE Asia markets key to industry recovery
After a five-year decline, the sea freight industry in China will once again experience growth, buoyed by growing trade with Southeast Asian nations, forecasts…
Ocean carriers have successfully implemented a series of general rate increases (GRIs) recently, but a number of threats could still derail their return to…
Airfreight demand rises in February, but outlook still fragile
Global air cargo volume in February 2012 rose 5.2 percent year-on-year, according to the latest traffic results from the International Air Transport Association (IATA).…
Singapore’s PSA International reported a net profit of S$1.14 billion (US$909 million) for 2011, a decrease of 3.7 percent year-on-year, even as both volume…
Maersk Line, the world’s biggest shipping container line, announced it will implement general rate increases (GRIs) on its Far East-United States service effective May…
13 freight forwarders slapped with $225-M fine for price-fixing
The European Commission fined 13 major logistics companies a total of EUR169 million (US$225 million) for participating in four distinct cartels from 2002 to…
Hapag-Lloyd to impose freight rate hike on Far East-Europe corridor in May
Germany’s Hapag-Lloyd announced a rate increase of US$400 per 20-foot equivalent unit (TEU) on the Far East westbound trade effective May 1. The Hamburg-based…
Singapore’s Changi Airport Group (CAG) has laid down a nearly US$12-million (SGD15 million) cargo incentive package to lift airfreight traffic. The package, part of…
LBC Express, Inc was the Philippines’ leading domestic airfreight forwarder in 2011, based on latest statistics from the Civil Aeronautics Board (CAB). LBC Express…
A.P. Moller-Maersk, the Danish shipping and energy conglomerate, said CEO Nils Smedegaard Andersen has extended his sick leave for six to eight weeks more,…
APM Terminals (APMT) in its 2011 Sustainability Report said it continues to improve its sustainability performance throughout the company’s global port, terminal, and inland…
