CKYH scraps suspended Asia-Europe sling

The CKYH alliance announced it will axe a suspended service as well as put on hold an existing loop as part of its plan…

PH officials still hopeful for Palawan-Sabah route

Officials of the Sabah Ports Authority (SPA) and Palawan businessmen were negotiating to start a service between Brooke’s Point in Palawan and Kudat in…

East-West sea and air rates take opposite routes

Ocean freight rates on the key East-West trades registered marginal increases in January 2013, but airfreight rates for the month went in the opposite…

Hapag-Lloyd plans North Europe-Asia rate hike

Germany’s Hapag-Lloyd announced it will increase rates for all kinds of cargoes and containers on the North Europe-Far East sling from April. In an…

MSC halts bookings on North Europe-Asia loop

Geneva-based ocean carrier Mediterranean Shipping Company (MSC) has temporarily halted bookings for cargo on the North Europe-Asia trade. In a media release on March…

OOCL sets rate hikes for Asia network

Hong Kong-based liner operator Orient Overseas Container Line (OOCL) is increasing freight rates on a number of Asia services effective April 2013. On its…

NYK to upgrade Japan-PH service

NYK Line is expanding its services to better accommodate container traffic growth in the ASEAN region, including the Philippines. Starting next month, the Pegasus…

NOL whittles net loss to $419M for 2012

Singapore-based Neptune Orient Lines (NOL) recorded a full-year net loss of US$419 million in 2012, a 12 percent improvement over the net loss of…

PH cargo throughput up slightly in 2012

Philippine cargo throughput grew 1.8% to 181.49 million metric tons (mmt) in 2012 from 178.29 mmt in 2011, based on latest data from the…

Asia-Australia vessels to revise bunker surcharges

The Asia Australia Discussion Agreement (AADA) said its member-carriers will adjust their bunker charges for cargoes on the Far East-Australia trade lane effective late…

Maersk Line swings to black in 2012

Danish shipping giant Maersk Line pocketed US$461 million in profit in 2012 against a loss of $553 million the preceding year as a result…

SITC to introduce more intra-Asia loops

Intra-Asia shipping and logistics company SITC plans to launch two new services late this month and in mid-March, the latter in partnership with Kawasaki…

Maersk halts AE-9 sling over weak Asia-Europe trade

Maersk Line has again suspended its AE-9 sling less than two months after the Danish ocean box carrier resuscitated it as part of its…

MOL opens Myanmar branch

Mitsui O.S.K. Lines (MOL) has set up a wholly owned subsidiary in Myanmar after acquiring a permanent business license from the the country’s government…

New CMA CGM rate hikes for Asia cargo in March

French box carrier CMA CGM said it will impose a general rate increase on Asia trades to take effect next month. From March 15,…

Box ship reliability rises to 80% as Hanjin named most reliable

  Ship and container reliability showed significant quarter-on-quarter increases in the fourth quarter of 2012, but the blank sailings planned for early this year…

Hapag-Lloyd applies rate hikes to various trades from March

Hamburg-based Hapag-Lloyd announced it will increase rates effective March for all cargoes and containers from East Asia to Mexico, West Coast of Central America,…

CCO Lucas Vos leaves Maersk Line

Maersk Line’s chief commercial officer, Lucas Vos, has turned in his resignation, to take effect on May 1. “Lucas Vos has been part of…

Zim revamps Asia-Med/Europe service

Israeli shipping line Zim Integrated Shipping Services announced it will restructure its service network in the Asia-Indian Sub-continent/East Mediterranean/North Europe trade to improve alignment…