Air freight carrier Jade Cargo International announced the temporary suspension of its services “due to overall weak air cargo demand.” The company did not…
COSCO sets new EBAs for Asia-South America/South Africa shipments
China’s COSCO Container Lines has announced emergency bunker adjustments (EBAs) for its Asia trade lanes effective early 2012. COSCO is imposing an EBA on…
Congestion hits Mindanao port; lines seek port expansion
DAVAO CITY, PHILIPPINES — International shipping lines are clamoring for immediate expansion of Sasa Wharf in Davao port in the island grouping of Mindanao…
Bidder status of Davao port cargo handler still unclear
DAVAO CITY, PHILIPPINES — The Philippine Ports Authority (PPA) has yet to decide whether it will automatically consider Davao Integrated Port Stevedoring Services, Corp…
Philippine imports grew 2.3% in October 2011 to $5.019 billion from $4.904 billion year-on-year but was down 1.1% from $5.076 billion in September 2011,…
China Shipping Container Lines (CSCL) is raising shipping charges in the Asia-Europe, Asia-Mediterranean, and Asia-U.S. trade markets from January 2012. Rates per 20-foot equivalent…
Carrier partnerships on Asia-Europe trades could ring in a ‘disastrous’ 2012
The recent formation of alliances on the Asia-Europe lanes can intensify competition, prolong the rate wars, and bring about a disastrous 2012 for box…
December 30, 2011
2 minute read
NOL chairman Cheng Wai Keung to retire
NOL Group, the parent company of container line APL, announced on December 29 that its chairman, Cheng Wai Keung, will retire after its annual general…
COSCON, CSCL increase cooperation on Asia-Europe and Mediterranean trades
COSCO Container Lines (COSCON), the shipping line of China COSCO Holdings, will expand its space swap with China Shipping Container Lines (CSCL) on the…
International carriers operating in the Philippines forecast a slightly better business climate for 2012 compared to this year. “We believe international shipping will significantly…
Pilotage fee compromise deal struck at Mindanao port
The Philippine Liner Shipping Association (PLSA) and the United Harbor Pilots Association of the Philippines (UHPAP) have agreed on a compromise deal that will…
Hanjin Heavy Industries and Construction-Philippines (HHIC-P) has booked $4.9 billion in new ship orders for 2012. According to the Subic Bay Metropolitan Authority (SBMA),…
The Civil Aeronautics Board (CAB) has awarded additional seat entitlements for the Manila-Kuala Lumpur route to three budget carriers. Approved were the respective petitions…
CKYH strikes deal with Evergreen Line to hike Asia-Europe sailings
CKYH-the Green Alliance announced it has forged an agreement with Taiwan’s Evergreen Line to increase sailing frequency, improve transit time and widen port coverage…
The Indonesian National Shipowners Association (INSA) is seeking the abolition of the government’s 10 percent value-added tax (VAT) on freight delivered by local carriers.…
Shipping confidence up despite overtonnage, eurozone fears—survey
Ship owners, managers and charterers expressed a small increase in industry confidence and in optimism about making major new investments in the next 12…
