Global box ships are poised to enforce rate hikes on Asia services starting August. Hapag-Lloyd announced more general rate increases (GRIs), all effective from…
Ocean freight carriers announce rate hikes on Asia trade
The Latest
Asia: Linchpin for global economic stability—IMF
Asia is a linchpin for global economic stability, and the region has emerged from the global crisis with its economic standing enhanced, said Christine…
UPS, TNT merger seen to be completed in fourth quarter 2012
United Parcel Service (UPS) said they expect the completion of their proposed takeover of TNT Express to be moved to the fourth quarter of…
DHL Express launches $175-M North Asia hub
DHL Express opened on July 12 its US$175 million North Asia Hub at the Shanghai Pudong International Airport in China, which it said is…
FedEx adds 2 more B777F flights to Asia Pacific-EU lane
FedEx Express (FedEx) has launched two additional Boeing 777F routes in Asia-Pacific, connecting Shanghai and Guangzhou in China to the company’s hub in Cologne,…
Direct weekly Asia-Africa service set to sail
CMA CGM and Delmas Shipping announced the launch of a new direct service on the Asia-Africa route from July 24. The weekly New Africa…
Hapag-Lloyd jacks up freight rates for East Asia-US trade
German ocean carrier Hapag-Lloyd said it will implement rate hikes for all dry, flat rack and open-top containers from East Asia to all U.S.…
Asia-US container lines stay focused on freight rates as market improves
Transpacific shipping lines have stepped up efforts to raise freight rates, seeking stronger earnings moving into the summer. The aim is to stabilize recent…
Gebrüder Weiss transports 15.5-ton bell from Innsbruck to Trieste
Gebrüder Weiss recently transported a 15.5-ton bell from the Tyrolean bell foundry Grassmayr from Innsbruck to Trieste. From there, the bell was shipped to…
IAPH Secretary General to speak at Subic Bay maritime conference
Susumu Naruse, Secretary General of the International Association of Ports & Harbors (IAPH), will be among local and international speakers at the Subic Bay…
Asia seen to contribute one-third to Deutsche Post’s revenues by 2017
Deutsche Post DHL, the world’s leading postal and logistics group, said it will set up additional hubs in Asia as it forecasts that the…
Cathay Pacific to modernize fleet with bigger aircraft
Hong Kong’s Cathay Pacific Airways continues to modernize its fleet, announcing plans to convert 16 of its previously ordered Airbus A350-900 aircraft into larger…
APEC region boosted global FDI inflow in 2011
The APEC region’s foreign direct investment continued to regain ground in 2011 and helped to lift global FDI inflows above their pre-financial crisis level, the…
Kerry Logistics plans new logistics center in Thailand
Kerry Logistics, a Hong Kong-based logistics company, has acquired a 55,000-square-meter piece of land at the Eastern Seaboard Industrial Estate (ESIE) in Rayong Province,…
Rickmers-Linie appoints Ulrichs managing director
Rickmers-Linie announced the promotion of Ulrich Ulrichs to the position of managing director. Ulrichs joined Rickmers-Linie in 2005 when he took over responsibility for…
Indonesia unveils 6-port pendulum plan to cut costs, hasten traffic
The Indonesian government is planning to develop a sea corridor of six connected domestic ports to improve trade flow through the country and reduce…
Hapag-Lloyd announces rate hikes and peak season surcharges
Hapag-Lloyd said it will implement a peak season surcharge (PSS) for all cargo and all container types from East Asia (excluding Japan) to North Europe.…
Cai Mep terminal’s annual throughput to top 600,000 TEUs
Though operating for only a year, Cai Mep International Terminal (CMIT) in Vietnam will handle close to 600,000 20-foot equivalent units (TEUs) in 2012, representing…
Malaysia modernizing Tanjung Pelepas port for coming mega-ships
Malaysia’s Port of Tanjung Pelepas (PTP) is investing MYR1.4 billion (US$442 million) over the next three years in a modernization plan designed to meet…
FedEx hikes cargo capacity for Malaysia with new freighter service
FedEx Express (FedEx) has launched an Airbus A300 freighter into Malaysia that expands its cargo capacity between the country and global markets by 31…
