A container terminal at the financially troubled Cai Mep-Thi Vai port complex in Ba Ria-Vung Tau province in southern Vietnam will temporarily close its…
Cai Mep terminal in Vietnam suspending operations
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CSAV bolsters Galex Sling 1 rotation
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OOCL, Maersk Line poise Asia trade rate hikes
From July, Hong Kong-based Orient Overseas Container Line (OOCL) and Maersk Line of Denmark will implement rate increases on their Asia network services. OOCL…
Asia-Pacific airlines posted 3.3% cargo revenue drop in 2012
Airlines in the Asia-Pacific region achieved modest growth in 2012, largely a result of strong passenger demand as cargo sales continued to contract, according…
Cosco sets July rate, surcharge adjustments for Asia trade
Cosco Container Lines is poised to implement rate hikes, surcharges, and other adjustment on its Far East services effective July. A general rate increase…
MSC sets GRI, BAF for Far East-West Africa shipments
Geneva-based carrier Mediterranean Shipping Co. (MSC) has revised upward the general rate increase (GRI) it plans to levy from July on the Far East-West…
More surplus 8,000-TEU ships bound for Asia-ECSA lane
Ocean carriers’ plan to dump surplus 8,000-TEU vessels on the Asia-South America East Coast (ECSA) trade lane in July will result in overcapacity and…
Singapore green ship program expanded
Singapore has expanded its Green Ship Program to offer incentives to Singapore-flagged ships that adopt approved SOx scrubber technology that goes beyond existing International…
PH haulers raise howl over revised anti-overloading policy
Philippine cargo truck operators are seeking suspension of an amended anti-overloading policy implemented starting June 1. A resolution amending the implementing rules and regulations…
PIL unveils first direct service from Manila to Long Beach
PACIFIC International Lines (PIL), a Singapore-based container carrier, will start a weekly direct service from Manila to Long Beach, California, this month. The China-Transpacific…
ICTSI’s Indonesia unit seals deal for stevedoring services
Port operator International Container Terminal Services Inc.’s Indonesian subsidiary, PT PBM Olah Jasa Andal (OJA), recently signed a cooperation agreement with PT Pelabuhan Indonesia…
CMA CGM inaugurates 16,000-TEU ship Jules Verne
The 16,000-TEU box ship CMA CGM Jules Verne was officially inaugurated on June 4 by French President François Hollande in Marseille, France. The CMA…
Vietnam’s Cai Mep-Thi Vai port records traffic uptick
Terminal operators at the struggling Cai Mep-Thi Vai port system in southeastern Vietnam are grabbing onto slivers of hope following a slight rise in…
Box ships’ price war could eventually hurt shippers—Drewry
Shippers might be the beneficiaries of the current price war among ocean container carriers, but the tumbling rates could also bring negative consequences for…
IATA upgrades airline profit outlook
The global airline industry will see US$12.7 billion profit in 2013 on $711 billion in revenues, up from the $10.6 billion profit forecast in…
Deutsche Post DHL confirms short-term, mid-range targets
Postal and logistics giant Deutsche Post DHL confirmed the group’s targets for 2013 and mid-term outlook, saying it was confident of the future after…
Etihad Cargo, Atlas Air in round-the-world freighter pact
Etihad Cargo launched May 30 its first round-the-world freighter routing with Atlas Air Worldwide, connecting Etihad Cargo’s Abu Dhabi hub with destinations in Asia,…
Cosco expands, Zim reshuffles Asia services
Cosco Container Lines announced the enhancement of its Far East-Southeast America service through slots on “K” Line’s Asia-Southeast America service. The “K” Line network…
PH ports post modest volume growth of 2.8% in Q1
CONTAINERIZED and non-containerized cargo throughput at the country’s seaports grew a modest 2.82% to 41.42 metric tons (mmt) in the first quarter of the…
PH ports agency grants 10% provisional cargo-handling rate increase
Philippine port users face a 10% provisional tariff hike in arrastre, stevedoring services and other cargo-handling charges starting June 24. The Philippine Ports Authority…
