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Hong Kong’s Hactl says Q4 volume dipped 7.3%

Cargo handling by Hong Kong Air Cargo Terminals Limited reached 710,021 tonnes in the fourth quarter of 2011, falling 7.3 percent from the same…
  • January 23, 2012
  • 1 minute read

World Bank projects global economic slowdown for 2012

Global growth prospects for 2012 for both developing and high-income families are being dimmed by the euro area debt problems and weakening growth in…
  • January 23, 2012
  • 2 minute read

MSC to impose GRI on US-Far East lane

Mediterranean Shipping Company (MSC) announced a general rate increase (GRI) for all cargo on the US-Far East trade from March 2012. The Swiss carrier…
  • January 23, 2012
  • 1 minute read

Changi Airport freight traffic up 2.8% in 2011

A strong performance in December and new freighter services spiked Singapore Changi Airport’s statistics in air cargo traffic in 2011. Air freight movements recovered…
  • January 21, 2012
  • 1 minute read

Developing countries carving bigger share in maritime trade, says UN report

The share of developing countries’ GDP in overall global economic output has jumped from 17 percent in 1980 to over 28 percent by 2010,…
  • January 20, 2012
  • 3 minute read

PH carriers hold off on bunker fuel surcharge

The Philippine Liner Shipping Association (PLSA) has deferred its decision on the imposition of a bunker fuel surcharge (BFS) even with another increase in…
  • January 20, 2012
  • 2 minute read

ICTSI to spend $250M on Mexican terminal

PHILIPPINE-BASED port operator International Container Terminal Services, Inc. (ICTSI) has allotted $250 million to construct Terminal 2 at Mexico’s Port of Manzanillo. ICTSI said…
  • January 20, 2012
  • 1 minute read

Clark locators want cheaper cargo tracking option

Locators at the Clark Development Corp (CDC), north of Manila, are insisting that the General Transport Surety Bond (GTSB) or underguarding for cargo shipments…
  • January 20, 2012
  • 2 minute read

All Singapore exports to be declared in advance come 2013

With effect from 1 April 2013, Singapore Customs will require declarations for the export of all goods to be submitted prior to the goods…
  • January 19, 2012
  • 4 minute read

PH truckers shun fuel surcharge, now eyeing general rate hike

A one-time, big-time trucking rate increase is in the offing in the Philippines due to the continued spike in oil prices — the latest…
  • January 19, 2012
  • 2 minute read

PH Nov exports contract 19.4%

PHILIPPINE exports declined 19.4% in November to $3.342 billion from $4.146 billion year-on-year, according to latest data from the National Statistics Office. The November…
  • January 19, 2012
  • 1 minute read

Cebu Pacific sees 14% more passengers in 2011

PHILIPPINE budget airline Cebu Pacific (CEB) posted a 14% increase in passenger volume last year to 12 million compared to 10.5 million in 2010.…
  • January 19, 2012
  • 1 minute read

MSC poises rate hikes on Europe-Far East/Middle East trades

Mediterranean Shipping Company (MSC) announced general rate increases (GRIs) for the Europe-Far East and Middle East trade lanes effective February and March 2012. From…
  • January 18, 2012
  • 1 minute read

Companies not prepared for ‘black swan’ events—PwC

Many organizations’ risk management practices are worryingly incomplete and being outpaced by an era of catastrophic “black swan” events, said a new paper by…
  • January 18, 2012
  • 2 minute read

Indonesia’s Tanjung Priok port to install IT system to ease traffic

Pelindo II, Indonesia’s state-owned port operator, announced that the Port of Tanjung Priok in north Jakarta, the country’s main shipment gateway, will have a…
  • January 18, 2012
  • 1 minute read

PSA International 2011 box throughput tops 57-M units

PSA International said it handled 57.09 million 20-foot equivalent units (TEUs) of containers at its port projects worldwide in 2011, an increase of 5.6…
  • January 16, 2012
  • 1 minute read

Shipping an industry for long-term players, says analyst

The shipping industry is up against serious challenges in the next 12 months, and those with a great deal of resilience in terms of…
  • January 16, 2012
  • 1 minute read

China harbor and port revenue up 10 percent in 2011—report

China’s harbor and port operations revenue for the freight transportation industry is expected to total US$39.4 billion by the end of 2011, up 10 percent…
  • January 16, 2012
  • 1 minute read

Freight rates lift in pre-Chinese New Year rush—Drewry

Shippers should not lose sleep over the recent, short-lived jump in spot rates, but ought instead to focus on ways to mitigate the risk…
  • January 16, 2012
  • 2 minute read

Singapore’s 2011 port traffic breaks records

Despite the global economic turbulence and the shipping industry’s woes in 2011, the port of Singapore chalked up impressive statistics last year, firming up…
  • January 14, 2012
  • 2 minute read