The Asia Australia Discussion Agreement (AADA) said its member-carriers will adjust their bunker charges for cargoes on the Far East-Australia trade lane effective late…
Asia-Australia vessels to revise bunker surcharges
The Latest
Maersk Line swings to black in 2012
Danish shipping giant Maersk Line pocketed US$461 million in profit in 2012 against a loss of $553 million the preceding year as a result…
UPS expands Worldwide Expedited service area
United Parcel Service (UPS) has tripled the coverage area of its Worldwide Expedited air service for less time-based international shipments. The service, which delivers…
Cathay Pacific’s new HK cargo hub partially opens
The new Cathay Pacific Cargo Terminal at Hong Kong International Airport started partial operations yesterday, handling airfreight carried in by Cathay Pacific from Sydney,…
Eastern China-Vietnam trade lane is booming, says 3PL
Global freight and logistics services Logwin said it is seeing growth in intra-Asia trade, the world’s largest by volume, as China-based manufacturers increasingly source…
Singapore air, ocean freight off to a good start
Singapore Changi Airport handled 2.5 percent more airfreight in January year-over-year, as shipments picked up ahead of the Lunar New Year period. A total…
SITC to introduce more intra-Asia loops
Intra-Asia shipping and logistics company SITC plans to launch two new services late this month and in mid-March, the latter in partnership with Kawasaki…
HK air cargo logs 21% traffic growth in January
Cargo throughput at Hong Kong International Airport (HKIA) registered a two-digit growth in January, according to the Airport Authority Hong Kong (AAHK). Airfreight grew…
PortCalls Cargo Economics Conference 2013 Presentations
PortCalls Cargo Economics Conference 2013, February 7, 2013, Manila Diamond Hotel CONFERENCE MATERIALS Philippine Economic Performance and Prospects for 2013 Dr. Emmanuel F. Esguerra,…
Maersk halts AE-9 sling over weak Asia-Europe trade
Maersk Line has again suspended its AE-9 sling less than two months after the Danish ocean box carrier resuscitated it as part of its…
MOL opens Myanmar branch
Mitsui O.S.K. Lines (MOL) has set up a wholly owned subsidiary in Myanmar after acquiring a permanent business license from the the country’s government…
New CMA CGM rate hikes for Asia cargo in March
French box carrier CMA CGM said it will impose a general rate increase on Asia trades to take effect next month. From March 15,…
UPS, FedEx show support for US-EU trade pact
American package delivery giants United Parcel Service (UPS) and FedEx Express both lauded U.S. President Barack Obama’s announcement of the launch of talks for…
Box ship reliability rises to 80% as Hanjin named most reliable
Ship and container reliability showed significant quarter-on-quarter increases in the fourth quarter of 2012, but the blank sailings planned for early this year…
Airfreight growth came to overall halt in 2012
Global airfreight demand dropped by 2 percent in 2012 year-over-year, with more than half of the leading 30 freight airports showing a decline in…
Hapag-Lloyd applies rate hikes to various trades from March
Hamburg-based Hapag-Lloyd announced it will increase rates effective March for all cargoes and containers from East Asia to Mexico, West Coast of Central America,…
UPS introduces 300 new freight lanes in 2012
United Parcel Service (UPS) expanded its direct less-than-container-load (LCL) network by more than 300 lanes in Asia, Europe, the Middle East, Africa, and South…
CCO Lucas Vos leaves Maersk Line
Maersk Line’s chief commercial officer, Lucas Vos, has turned in his resignation, to take effect on May 1. “Lucas Vos has been part of…
ICTSI: Master plan better than cargo diversion
Philippine port operator International Container Terminal Services, Inc. (ICTSI) is batting for a road master plan rather than mandatory diversion of cargoes from Manila…
New P7B container terminal in Cebu mulled
The Cebu Port Authority (CPA) is eyeing construction of a P7-billion peso container facility in the Southern Philippines city of Cebu to accommodate increasing…
