Europe-based Chapman Freeborn Airchartering further shored up its Asia network by acquiring Euro Express, an on-board courier (OBC) based in Hong Kong that provides…
Chapman Freeborn expands into Hong Kong
The Latest
CMA CGM revamps Asia-Mediterranean network
French ocean carrier CMA CGM said it will remove its Turkey shuttle service and reshuffle its Asia-Mediterranean network from November 2012. The Marseilles-based box ship…
Kuehne + Nagel gains, Panalpina loses in Q3
Supply chain company Kuehne + Nagel said turnover grew by 12.4 percent and gross profit by 6.9 percent in the third quarter of this…
Container lines need further slow steaming, capacity idling to see profit
Profitability for the container shipping industry will remain elusive if carriers refuse to cut capacity to stabilize freight rates, warns Drewry Maritime Research. Though…
Subic Bay Maritime Conference and Exhibit 2012 Event Presentations
The Subic Bay Maritime Conference & Exhibit on August 23-24, 2012 at the Subic Bay Exhibition and Convention Center in Subic Bay Freeport Zone,…
Hacis appoints new Managing Director
Hong Kong Air Cargo Terminals Limited (Hactl), the major air cargo handler at the world’s largest air cargo hub, has appointed Vivien Lau as…
Maersk Line cuts Asia-Europe capacity anew
After cutting capacity on the Asia-Europe trade early this year, Maersk Line announced a further reduction “in view of declining demand,” but said the…
IMF: Export slide to temper Asia’s 2012 growth
Asia will grow an average of 5-1/2 percent this year, down from 6 percent in 2011, as the region posted the slowest growth during…
Box carriers’ losses ‘self-inflicted’—report
Container ships’ losses in 2011 and continued struggles in 2012 are primarily of their own making, not the result of market forces, and they…
Rapid industrialization catalyzes demand for protective footwear in Asia Pacific, says study
Increasing labor and production costs have forced many manufacturing giants to relocate their production bases to Asian countries. As multinational companies with better safety…
FedEx targets $1.7-B profit improvement by 2015
American parcel giant FedEx Corp. intends to improve its profitability by US$1.7 billion by fiscal 2015, largely by cutting costs at its express division…
Hapag-Lloyd revises Far East-South America route for winter
Hapag-Lloyd announced the revision of its Asia-South America East Coast (ASE) service during the winter season. The Hamburg-based box carrier said in an official…
WB: East Asia and Pacific set for slowdown in 2012, rebound in 2013
Sluggish exports will pull back economic growth this year in East Asia and the Pacific, but the growth rate will pick up by next…
Damco buys PacNet to bolster Asia-Pacific clout
Damco, the logistics arm of A.P. Moller-Maersk, has signed a deal to acquire Pacific Network Global Logistics (PacNet), a freight forwarder based in Australia,…
National Single Window 2 project decided soon
The Bids and Awards Committee (BAC) of the Philippine Department of Budget and Management (DBM) is expected to hand down a final decision this…
PH Customs Sept collection dips anew
The Philippine Bureau of Customs (BOC) posted another collection setback in September, its ninth consecutive month of missing its target. Based on preliminary data,…
PH oil company opens bulk terminal
Philippine oil company Jetti Petroleum, Inc recently opened a bulk terminal in Iloilo City , 564 kilometers south of Manila, to serve its network…
Year-End Prospects
Bright Prospects This will sound like a continuation of last issue’s discussion on ‘Philippines rising’ which was published in a recent issue of Supply…
Daily Maersk adds 6 more Asia-Europe slings
A year after introducing Daily Maersk, Danish shipping line Maersk Line said today it will extend the daily service to six more routes. From…
China Airlines Cargo joins SkyTeam alliance
Taiwan’s China Airlines Cargo announced that it joined the SkyTeam Cargo consortium on October 4, making it the tenth air freight carrier to do so.…
