MOL links up with RCL on new Singapore-Yangon loop
Japan’s Mitsui O.S.K. Lines (MOL) announced the opening of the new route “SYX” linking Singapore and Yangon, a twice-a-week joint service with Thailand’s Regional…
Asia Airfreight Terminal (AAT), a cargo terminal operator at the Hong Kong International Airport, announced a tonnage throughput of 51,690 tonnes in February 2012,…
Deutsche Post DHL marks double-digit earnings gain
Deutsche Post DHL, the world’s leading postal and logistics group, reported significant gains in both revenues and earnings for 2011. Revenue rose by 2.8…
2011 PH cargo throughput up 4%; box volume grew 9%
The Philippines’ cargo throughput grew 3.97% to 177.334 million metric tons (mmt) in 2011 from 170.566 mmt year-on-year, latest data from the Philippine Ports…
DB Schenker Philippines expects a 10% increase in volume and revenue this year despite projections of a bumpy road ahead for airfreight exports. “Export…
CEVA Logistics reported strong earnings of EUR321 million (US$422 million) in 2011, a 10 percent growth, and a record revenue of EUR6.9 billion, an increase…
The Philippine Bureau of Customs (BOC) is rolling out its Automated Export Declaration System (AEDS) in three major ports in preparation for mandatory implementation…
PH shipping lines to collect 32% more bunker surcharge starting Mar 16
PHILIPPINE cargo carriers will impose a 31.91% hike in their bunker surcharge starting March 16 due to persistently high fuel costs. This will translate…
IATA joins call for scrapping of PH aviation taxes
The abolition of the common carriers tax (CCT) and the gross Philippines billings tax (GPBT) will translate to lower transport costs and boost Philippine…
The Philippine Department of Transportation and Communications (DOTC) supports the need for a more liberalized and deregulated air transport industry within the Association of…
Philippine imports for 2011 grew 9.5% to $60.139 billion compared to $54.933 billion year-on-year, data from the National Statistics Office showed. But the December…
Global freight forwarder Kuehne & Nagel posted almost flat earnings of CHF606 million (US$664 million) in 2011 compared with CHF605 million in 2010 but…
South Korea’s Hanjin Shipping announced a second round of box rate hikes this year on its westbound Asia-Europe trade lanes. Hanjin, the world’s ninth…
