Blanked sailings have boosted average ship usage and freight rates in the trans-Pacific and Asia-Europe routes between October 2012 and February 2013, but this…
Void sailings shoring up rates but for how long?
The Latest
Maersk Line to set up Myanmar office
Denmark-based Maersk Line and Singapore-headquartered MCC Transport plan to open a branch office in Myanmar in the second half of 2013 to capitalize on…
Cathay Pacific’s profit sank 83% in 2012
Hong Kong’s Cathay Pacific reported a profit of HKD916 million (US$118 million) for 2012—an 83.3 percent fall from the profit of HK$5.5 billion in…
Box lines merge SE Asia-Australia trade services
Two consortiums on the Southeast Asia-Australia trade will consolidate their service networks starting the middle of April, deploying fewer but bigger vessels. The combined…
Hanjin Shipping expands Indonesia network
South Korea’s largest shipping line, Hanjin Shipping, is introducing new services to its Indonesia network to take advantage of the rising demand in the…
ICTSI income up 10% in 2012
Manila-based International Container Terminal Services, Inc reported its net income attributable to equity holders in 2012 rose 10% to $143.2 million from $130.5 million…
ASEAN to benefit from open-skies policy
The “Open Skies” policy will bring about real and spill-over benefits to various industries in Southeast Asia if constraints to their implementation in the…
Hanjin Logistics stretches network in Vietnam, India
Hanjin Logistics, the logistics arm of Hanjin Shipping, has opened new offices in Vietnam and India to expand its third-party forwarding service. Hanjin Logistics…
HK box volume declined 5% in 2012
Hong Kong’s port container throughput reached 5.6 million TEUs (20-foot-equivalent units) in the fourth quarter of 2012, a decrease of 9 percent year-over-year, according…
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…
Manzanillo expansion to boost Mexico’s port ranking
When it opens for business by mid-year, the Port of Manzanillo in Mexico is expected to improve Mexico’s stock among ports in Latin America.…
Goods entering China require registration, accreditation
Philippine companies exporting food and agriculture products to China are required to register and secure accreditation online to ensure entry of their products to…
GDP Growth and Logistics
Over the past several months good news continued to pour out over the Philippine economy. Excellent GDP growth of +6.5%,continuously improving credit ratings, a…
AirAsia buys 49% of Zest Air
Philippines’ AirAsia (PAA) Inc has acquired 49% of local budget airline Zest Airways, Inc in a “strategic alliance” that would “complement the strategies for…
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…
Norbert Dentressangle expands to Vietnam
The freight forwarding division of Norbert Dentressangle has established a representative office in Vietnam as it seeks out more emerging markets. The office in…
Konecranes wins equipment order from Indonesian terminal operator
Konecranes recently signed an agreement to sell container-handling equipment worth more than 100 million euros to Indonesian state-owned terminal operator PT Pelabuhan Indonesia III…
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…
