Evergreen Line plans to charter 10 additional 14,000-TEU container ships as part of its fleet renewal program to use more efficient vessels and reduce…
Evergreen to charter 10 more 14,000-TEU ships
The Latest
Ocean vessels now rely on cost cuts, not GRIs, for profit
With freight rates remaining weak despite bigger volumes carried, box ships no longer base profitability on market fundamentals like general rate increases (GRIs). Instead…
HK airlines welcome gov’t vow to raise aviation edge as cargo traffic dips
Hong Kong sister airlines Cathay Pacific Airways and Dragonair lauded the recent policy address of Hong Kong SAR Chief Executive CY Leung underscoring the…
APEC seeing move toward greater cross-border, intra-industry trade
Asia-Pacific economies must recognize and address the change toward greater cross-border movement and subsequent increase in intra-regional trade that is occurring in the region,…
Airfreight price hikes to ease over next 3 years—report
Steep rate hikes for air cargo transportation services during the past three years have hampered shippers’ buying power, but a research company forecasts prices…
G6 Alliance announces Asia-Europe void sailings
The G6 Alliance is canceling two Asia-Europe sailings in response to a seasonal trough in demand. The first void sailing will be on Loop…
Box ships partner to enhance intra-Asia presence
Ocean carriers are shoring up their intra-Asia networks with a new cooperation that will raise their Far East-Indian Sub-Continent services to three weekly sailings…
At Last A Book!
Lack of Local Publications The ‘hunger’ in the 1980s for a professional association involved in logistics led to the formation of DMAP. It was…
Lufthansa, Etihad release cargo numbers for 2013
European airline Lufthansa Cargo transported 1.7 million tonnes of cargo and mail in 2013 to “almost equal” the previous year’s tonnage level, as it…
Vietnam’s Da Nang port tonnage hits record high
The port in the central city of Da Nang, Vietnam, handled a record 5 million tonnes of cargo, including 167,000 TEUs (twenty-foot-equivalent units) of…
Improving global economy to perk up shipping trade
The steady improvement of the global economy is putting a positive vibe to the outlook for shipping, as demand goes up and fleet expansion…
Shipping industry tentatively upbeat about 2015—Moore Stephens
The shipping industry’s fortunes should improve noticeably by 2015 if it maintains the fragile recovery which began last year as it faces tighter regulation…
Manila North Port to start charging cranage fee
THE Philippine Ports Authority (PPA) has allowed the Manila North Port operator to charge cranage fees effective Jan 28, but granted sharply lower…
PEZA extends fee discount at Batangas port for another year
THE Philippine Economic Zone Authority has extended for another year its 50% discount on processing fees for economic zone import and export shipments via…
BOC issues order on exporter self-certification
THE Philippine Bureau of Customs (BOC) has begun implementing the ASEAN Second Pilot Project on regional self-certification, which allows exporters from participating Association of…
MICT expects better traffic management with RFID truck tagging
GLOBAL port operator International Container Terminal Services, Inc. expects improved truck and traffic management early next year following the introduction of its radio frequency…
Lifting of cabotage to kill PH shipping industry, say local liners
ALLOWING foreign vessels to ply their trade in Philippine coastal waters will “kill” domestic shipping lines and lead to foreign domination of the industry,…
PSA’s 2013 container throughput rose 2.9%
Singapore-based PSA International reported a 2.9 percent increase in box volume handled in 2013, processing 61.81 million TEUs (20-foot-equivalent units) of containers at its…
APL unveils new function-based organizational model
Singapore-headquartered shipping line APL announced the revamp of its organizational and management structures to react faster to the “profound changes” in the industry. APL,…
Japanese carriers disclose 2014 strategies as rivalry grows
Japanese ocean carriers Kawasaki Kisen Kaisha (“K” Line) and Nippon Yusen Kaisha (NYK) both foresee increasingly bitter competition in 2014 as they outlined their…
