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…

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…

“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…

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,…

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…

CSAV suspends Asia-Caribbean sling 2 for winter

Compañía Sud Americana de Vapores (CSAV) announced the suspension of its Joint Caribbean Service Sling 2 (JCS2) from the Far East to the Caribbean…

PH port agency orders installation of more weighbridges

The Philippine Ports Authority (PPA) has ordered all cargo-handling operators to install more weighbridges if the daily volume of containers and roll on-roll off…

Maersk and MISC revamp southeast Asia-Oceania loop into a butterfly

Maersk Line, the Danish global shipping giant, and MISC, Malaysia’s leading international shipping line, have enlarged their southeast Asia and Oceania coverage from a…

OOCL’s 3Q volumes rise but revenues skid over faltering trans-Pacific rates

OOCL’s total volumes in the third quarter of 2011 ended September 30, 2011 went up but its total revenues decreased, reflecting falling freight rates…

MSC imposes congestion surcharge on Asia-Sydney cargo

Mediterranean Shipping Company (MSC) said a congestion surcharge (CGS) will be levied on cargo from any Asian port to the port of Sydney from…

MCC to raise Malaysia, Singapore terminal handling fees

MCC Transport, the Singapore-based intra-Asia unit of the AP Moller-Maersk Group, has announced increases in terminal handling charges for both imports and exports in west…

New vessel arrivals in 2011 to hit 1.28-M TEUs in capacity

Worldwide deliveries of container ships have exceeded 1 million 20-foot equivalent units (TEUs) in capacity, with 154 ships received by ocean carriers since the…

MSC joins CMA CGM and CSAV on revamped Asia-Americas loops

MSC is teaming up with CMA CGM and CSAV in a revised Asia-Latin America service effective this month. The service linking Asia to Mexico,…

NOL revenue slides as volumes rise

Singapore-based Neptune Orient Lines (NOL) reported a drop in average revenue per 40-foot equivalent unit (FEU) for the four-week period covering August 27 to…

Grand Alliance to merge trans-Pacific east coast loops

The four-carrier Grand Alliance (GA), consisting of Hapag-Lloyd, MISC Berhad, NYK and OOCL, has agreed with ZIM and Hyundai to merge their South China…