Asia-Europe carriers incurring record loss for every container

Shipping lines lose a record US$141 for every container they ferry to Europe from Asia because of high fuel surcharges, said a report from…

Hanjin trims net loss in third quarter as volume expands

Hanjin Shipping cut its net loss by nearly 69 percent to KRW85.9 billion (US$77 million) in the third quarter of 2011 as a result…

ASEAN forms data management group to integrate regional stats

The Association of Southeast Asian Nations has launched the ASEAN Community Statistical System (ACSS) Committee to improve and integrate statistical data to help sharpen…

Singapore Airlines Cargo with CCN gets Singapore agents geared up for eAWB

SIA Cargo plans to implement the electronic air waybill (eAWB) for all shipments departing from Singapore effective January 1, 2012. eAWB is a key…

PH air negotiations with Taiwan, Russia to commence in December

The Philippine Civil Aeronautics Board (CAB) will start air talks with Taiwan and Russia next month. CAB executive director Atty. Carmelo Arcilla in an…

PH shippers to Europe get more options with Daily Maersk

Maersk Line’s Daily Maersk service was formally launched last week. Ulf Kreutzfeldt, company sales director for Asia-Forwarders Segment, said Philippine shippers will benefit from…

Poor North Port facilities disappoint PH carriers

PHILIPPINE shipping lines continue to endure poor facilities at the North Port—formerly North Harbor—18 months after Manila North Harbour Port, Inc. (MNHPI) took over…

Strong currency cuts Panalpina profit by 7%

Freight and logistics firm Panalpina Group reported strong results for the third quarter of 2011, with an 11 percent increase in gross profit. But…

UK-ASEAN Business Council launched

The Association of Southeast Asian Nations and the United Kingdom have launched the UK-ASEAN Business Council (UK-ABC) to further promote trade and investment between…

PH agriculture agency to introduce new e-import processes

Starting next month, the Philippine Department of Agriculture (DA) will allow traders to electronically file minimum access volume (MAV) import entries through value-added service…

Vanguard expands East Asia to US services

Los Angeles, CA (October 25, 2011) – Vanguard Logistics Services announced three new direct services from East Asia to Chicago. Non-vessel-operating common carrier Vanguard…

PH August imports up 10% to $4.9B

Philippine imports increased 10.4% to $4.926 billion in August from $4.461 billion year on year, according to latest data from the National Statistics Office.…

“K” Line launches direct service from Korea to Philippines and Indonesia

Japan-based carrier Kawasaki Kisen Kaisha, Ltd (“K” Line) has added a new direct service from Korea to the Philippines and Indonesia as a slot…

NOL Group suffers $91 million net loss in 3Q11

NOL Group announced a net loss of US$91 million for the third quarter of 2011 compared to a profit of $282 million in the…

Evergreen splits intra-Asia service into 2 loops

Evergreen Line said it will realign its fleet deployment and launch new weekly services effective November 2011 to better position itself for the growing…

Asia-Pacific air freight demand contracts 6.3% in September

Asia-Pacific carriers, the largest players in air cargo, sustained the biggest damage from the continued contraction in air freight demand, seeing volume in September…

APL advisory: branch offices in Thailand remain open

APL, the container shipping unit of the NOL Group, released a customer advisory that, with the heavy flooding in Thailand, acceptance of inbound cargo…

MOL revises performance forecast for FY2011

Japanese ocean carrier Mitsui O.S.K. Lines (MOL) today revised downward its consolidated business outlook for fiscal year 2011 that was issued on July 29,…

Asia-Pacific air cargo volume drops 6.5% in September

Asia-Pacific’s international air freight markets continued to soften in September 2011, according to traffic figures released 27 October by the Association of Asia Pacific…

MCC makes contingency plans for Thailand floodings

MCC Transport, the intra-Asia container carrier of A.P. Moller-Maersk Group, released a series of statements on 27 October 2011 concerning the massive flooding in Thailand…