Kuehne + Nagel unveils airfreight solution for pharma cargo
Global logistics firm Kuehne + Nagel has rolled out KN PharmaChain, a product tailored to the specific needs of the pharmaceutical and health-care industry.…
Maersk Line, the world’s biggest container shipper, has ceased all bookings on its North Europe-to-Asia lanes amid a backlog of shipments that has European…
CMA CGM to apply rate hikes, surcharges from April
Marseilles-based shipping giant CMA CGM announced on March 21 its new rate restoration program. The world’s third largest container shipping group will implement general…
AAHK welcomes government approval of 3-runway system for HKIA
Airport Authority Hong Kong (AAHK) said on March 20 it welcomed the Hong Kong government’s approval of the three-runway option as the future development…
Port and terminal operators should prepare now for the arrival of future-generation ultra-large container vessels (ULCVs), since designs for vessels with a capacity of…
DHL to offer new round-the-world flight boosting Asia-US services
Germany’s DHL Express announced the launch of a new round-the-world flight connecting Hong Kong, Los Angeles, and Leipzig to enhance its services on key…
Cosco, Hanjin kick off Far East-Gulf of Mexico trade
China-based Cosco Container Lines and Korea’s Hanjin Shipping announced on March 21 the launch of a joint service in the Far East-Gulf of Mexico trade effective end of April.…
IATA cuts industry forecast due to ‘toxic’ oil prices
The International Air Transport Association (IATA) downgraded its global industry outlook for 2012 to $3 billion from $3.5 million last December on account of…
Cargo movements at Singapore Changi Airport, which decreased 7.1 percent in January 2012 due to the Lunar New Year holidays, rebounded in February. The…
PORT operators International Container Terminal Services, Inc (ICTSI) and Asian Terminals, Inc (ATI) have filed a petition with the Philippine Ports Authority (PPA) for…
The Philippine Shippers’ Bureau (PSB) has asked international shipping lines calling Philippine ports to justify their planned $10 increase in bill of lading (B/L)…
March 19, 2012
2 minute read
UPS to acquire TNT Express for $6.77 billion
United Parcel Service (UPS) has agreed to pay TNT Express EUR9.50 per share, up from the EUR9 per share that the U.S. parcel delivery…
March 19, 2012
2 minute read
Hapag-Lloyd sets April 15 rate hikes for East Asia lanes
Hamburg-based Hapag-Lloyd released a series of announcements on its upcoming rate increases on the East Asia trade lanes as part of its rate recovery…
Cargo traffic at the Hong Kong International Airport (HKIA) recorded a double-digit growth in February 2012, but airport authorities admitted this was partly due…
