DASMARIÑAS, Cavite, Philippines –– Mitsui O.S.K. Lines (MOL) is increasing its fleet by about 5% or 40-50 vessels each year as it expects the…
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Export surge helps Subic Bay cargo volume rise 47%
A 47% surge in container throughput in 2012 powered by exports helped the Subic Bay Metropolitan Authority (SBMA) reverse its losses in the previous…
2GO targets equal revenue mix of core business
The Philippines’ largest logistics company, 2GO Group Inc., is aiming to adjust the revenue mix of its shipping and supply chain businesses from 70%…
Skies looking brighter for global airlines
The global airline industry is looking at a slightly improved outlook for 2013 as a result of stronger revenue inflows, now projected to reach…
Indonesia kicks off Kalibaru Port construction
The construction of the first phase of the Kalibaru Port, or New Priok, officially began late this month with Indonesian President Susilo Bambang Yudhoyono…
FedEx eyes Asia capacity cut as profit slides in Q3
Tennessee-based FedEx Corp. reported a net income of US$361 million for the third quarter ended February 28, down 31 percent from $521 million year-over-year,…
G6 announces new trans-Pacific port rotations
The G6 Alliance has unveiled its new port rotations on the trans-Pacific following the U.S. Federal Maritime Commission’s approval of its bid to expand…
MCC Transport alters intra-Asia slings
Singapore-based carrier MCC Transport announced it is revising two of its intra-Asia services, to take effect from April 2013. The intra-Asia specialist said the…
Airfreight traffic at Hong Kong’s AAT slows
Asia Airfreight Terminal (AAT), the second cargo terminal handler at the Hong Kong International Airport, announced that its tonnage throughput in February fell 13…
Jaxport, Hanjin suspend terminal development
Hanjin Shipping and the Port of Jacksonville in Florida, U.S., have agreed to suspend the development of a dedicated terminal at the port after…
HK airfreight recovers in first 2 months of 2013
Hong Kong International Airport (HKIA) registered a smaller cargo volume in February this year, but throughout grew when traffic figures in the first couple…
PPA revenues up 4.45% in 2012 as economy grows
The Philippine Ports Authority (PPA) posted P8.903 billion in revenues for 2012, according to preliminary figures obtained from the agency. This is up 4.45%…
PH international air cargo traffic down 5.7% in 2012
The Philippines’ air cargo traffic serviced by international airfreight forwarders shrank 5.7% last year to 243.85 million kilograms from 258.59 million kg in 2011,…
Modernizing ports key to PH global competitiveness
The Philippines needs a more aggressive campaign to modernize its seaports and solve their long-festering problems to grab a bigger slice of the international…
CKYH to reshuffle Asia-US East coast network
The CKYH alliance comprised of Cosco, “K” Line, Yang Ming, and Hanjin Shipping plan to restructure its current Asia-U.S. East Coast loops effective middle…
Zim to take part in G6 trade expansion, cancels newbuild orders
Israeli shipping line Zim announced it will seek the approval of the Federal Maritime Commission (FMC) of the United States allowing it to cooperate…
UPS gets full ownership of Vietnam office
United Parcel Service (UPS) announced it has become the first global express delivery company to be wholly owned in Vietnam after it acquired the…
CMA CGM reports $361 M profit for 2012
France’s CMA CGM announced a net profit of US$361 million for 2012, up from a $5 million loss in 2011, on the back of…
Port of Tanjung Pelepas hires new CEO
The Port of Tanjung Pelepas (PTP) in Malaysia has named Glen Hilton its new chief executive officer effective March 1, 2013. Hilton, an Australian,…
US approves G6 expansion into trans-Pacific trade
The U.S. Federal Maritime Commission (FMC) voted to allow the G6 Alliance to increase the frequency of vessel port calls on the U.S. East…