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…

TSA eyes April rate hikes as contract talks begin

Member lines in the Transpacific Stabilization Agreement (TSA) are seeking an across-the-board general rate increase (GRI) on all dry and refrigerated cargo effective April…

Pension charge pushes UPS earnings in Q4 southward

United Parcel Service (UPS) registered a net loss in the fourth quarter of 2012 as it dealt with a weak global trade, a tepid…

Global air cargo shrinks for second straight year—IATA

The year 2013 will not be a banner year for profitability for the air cargo industry, but it should be an improvement on 2012,…

UPS formally drops takeover bid for TNT Express

U.S. package delivery giant United Parcel Service (UPS) announced it has withdrawn its offer to purchase Dutch rival TNT Express following the anticipated formal…

FedEx Trade Networks establishes presence in Thailand

FedEx Trade Networks, the global freight forwarding arm of FedEx Corp., has opened an office in Bangkok, its first in Thailand, in  anticipation of…

Korea, Malaysia ports achieve traffic growth in 2012

South Korea’s ports handled nearly 22.5 million 20-foot-equivalent units (TEUs) in 2012, an increase of 4.1 percent from 2011, derived in part from strong…

Cambodia opens new container terminal

Cambodia’s Phnom Penh Autonomous Port (PPAP) opened a new container terminal on January 22 in response to a sharp hike in shipments unloaded at…

Box ships schedule March rate hikes on Asia-Europe loop

Global ocean carriers Orient Overseas Container Line (OOCL) and Hapag-Lloyd announced general rate hikes on the Asia-Europe trade come March. Hong Kong-based OOCL said…

Asia dominates emerging logistics hubs list

Even though global economic doldrums slowed emerging markets in 2012, they continue to elicit strong enthusiasm from trade and logistics professionals in 2013, as…

OOCL posts 6.7% revenue hike for 2012

Orient Overseas Container Line (OOCL), Hong Kong’s biggest box line, reported a 0.7 percent fall in volume for the fourth quarter of 2012 year-over-year.…

Shanghai port’s 2012 box traffic reaches 32.5M TEUs

The Port of Shanghai, the world’s biggest container port, registered a 2.5 percent expansion in container volume to 32.5 million 20-foot-equivalent units (TEUs) in…

PH container depot operator banks on Davao for growth

Despite its many problems Davao, in southern Philippines, remains an attractive place for business, according to a container depot operator based in the area.…

e2m Customs ABMS and IATA e-AWB

In response to request from some of our readers on basic reference information related to e2m Customs ABMS and IATA e-AWB, I am featuring…

Singapore to host the ReCAAP ISC for another 5 years

Singapore reaffirmed on March 7 its commitment to international cooperation to combat piracy and armed robbery against ships in Asia. Lam Yi Young, Chief…

APL appoints North Asia regional head

APL, the world’s seventh largest container shipping line, today announced the appointment of Wong Siew Loong as Regional President of its North Asia business.…

Lorenzo books Q3 loss of P24.4M

CARGO carrier Lorenzo Shipping Corp (LSC) reported a net loss of P24.42 million in the third quarter, an improvement over the P28.28-million loss it…

Industry Issues For Customs

IN recent weeks, the Commis-sioner of Customs and the Secretary of Finance have been consulting the private sector on its planned reforms at the…

New AFPI Board sworn in

Civil Aeronautics Board chief Atty Carmelo Arcilla (extreme left) recently swore into office the new AFPI Board at the Heritage Hotel. From left: Leo…

e-VAT not all that bad: AFPI

THE Aircargo Forwarders of the Philippines, Inc. (AFPI) sees a positive side to the implementation of the expanded value-added tax (e-VAT) in that it…