World Container Index shows 114% rise in Asia-Europe box rate
The March 1 Shanghai-to-Rotterdam container freight rate assessment from the World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, showed…
CMA CGM announced on March 1 revenue restorations on the Asia-Europe market, both westbound and eastbound. The French container line said that a second…
OOCL hiking Southeast Asia-Australia rates from April 1
Orient Overseas Container Line (OOCL) is increasing freight rates for traffic from Southeast Asia to Australia effective April 1. The Hong Kong-based container line…
APM Terminals (APMT) reported a revenue growth of 10 percent year-on-year and an ebitda of US$1.06 billion to make The Hague-based global port operator’s results…
International air freight demand fell 8 percent in January compared to the same month in 2011, indicating the continued “stabilized weakness” in cargo markets,…
Rickmers-Linie, the Hamburg-based operator of heavy lift and project liner services, is expanding its market coverage in China and is enhancing its sales and marketing…
Johan Sigsgaard has been named the new Managing Director of Maersk Line Philippines effective Feb 29, replacing Sylvia Ding who was transferred to another…
The Philippine Department of Transportation and Communications (DOTC) expects to operate 75% of the Ninoy Aquino International Airport Terminal 3 (NAIA 3) by December…
China will construct the world’s largest airport within the next five years, Chinese media reported. The planned US$4.8-billion airport in Daxing, located between Beijing…
WTSA lines announce April guideline rate adjustments
Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their…
ASEAN ministers eye working groups to remove market barriers
Economic ministers from the Association of Southeast Asian Nations (ASEAN) agreed to establish working groups on trade in goods, services, and investment that will…
Philippine publicly-listed company San Miguel Corp (SMC) will reportedly take a 49% stake in Philippine Airlines (PAL), according to recent reports. The reports claimed…
PH gov’t bullish on shipbuilding, other sunrise sectors
The Philippine Department of Trade and Industry (DTI) is eyeing shipbuilding among new sunrise industries which could boost exports and economic growth. “We are…
PH export council pushes EO on Revised Kyoto Convention
The Export Development Council (EDC) in the Philippines, working with the National Competitiveness Council (NCC), will push for an executive order that will finally…
Philippine-based Cebu Pacific Air (CEB) recently signed a lease agreement for four new Airbus A330-300s for use in long-haul routes starting the third quarter…
