Orient Overseas Container Line (OOCL), Hong Kong’s largest box carrier, announced changes to its management group effective July 1, 2012. Michael Kwok will be promoted…
OOCL promotes Kwok to COO
The Latest
DHL launches Asia-Europe door-to-door service
DHL Global Forwarding-Freight has expanded its door-to-door concept in intra-Asia Pacific with the launch of an intercontinental door-to-door distribution system from Asia-Pacific to Europe.…
Indonesia’s Boom Baru port invests in new equipment
Cargo-handling time at Boom Baru port in Indonesia has become faster with the installation of new loading and unloading equipment at the port located…
Fitch: Rational pricing key to shipping’s full recovery by 2014
The world container shipping industry is on the right course by shifting its focus on more rational pricing, but it will not see a…
Geodis Wilson upgrades Vietnam facility to one-stop center
Geodis Wilson, a division of global logistics provider Geodis Group, has expanded its facility in Vietnam to provide customers one-stop logistics support. The 2,600-square-meter…
SDV to complete ‘green’ warehouse in Aug
SDV announced that its S$55-million “green” warehouse in Singapore will be completed in August. Yves Laforgue, Managing Director of SDV in Singapore, said, “The…
Fairmount Fuji assists Stena Icemax
Fairmount Marine’s multipurpose support vessel Fairmount Fuji has assisted drill ship Stena Icemax while making a stop-over at Cape Town. On request of the…
FPS Lanka launches warehouse, 3PL operations
Projects FPS, the recently-established project forwarding and third-party logistics arm of Famous Pacific Shipping Lanka, has launched a dedicated logistics center incorporating a document…
IATA: Euro crisis threatening aviation’s weak profits
Global aviation profits for 2012 are set at $3 billion, unchanged since the last update in March, but the euro debt crisis remains a big…
Wong appointed NOL South Asia president
Neptune Orient Lines (NOL) of Singapore has promoted Jason Wong to the post of regional president for South Asia. Wong, 56, will assume his…
CEVA completes acquisition of China JV
CEVA Logistics announced it has completed the buyout of CEVA Ground in China, transforming the joint venture into a wholly owned subsidiary of the…
Tiger buys 40% of SEAir for $7M
Singapore-based low cost carrier Tiger Airways has acquired 40% of local budget airline operator Southeast Asian Airlines (SEAir), Inc for $7 million. “The investment…
Vale launches iron ore transshipment operations in Subic
The Subic Bay Metropolitan Authority (SBMA) and Brazil’s Vale Shipping Holdings Pte. Ltd. (VSH) last week formally announced their partnership using Subic Bay…
CMA CGM optimistic despite $248-M net loss in Q1
France’s largest carrier, CMA CGM, reported a net loss of US$248 million year-over-year for first-quarter 2012, but claimed the figure represented one of the…
Canavan named new president of UPS Asia-Pacific
Atlanta-based United Parcel Service has appointed Brendan Canavan, a 31-year UPS veteran, as president of the logistics giant’s Asia-Pacific division. Canavan is replacing Derek…
Airfreight flies low for April
Global traffic trends in airfreight remain on a downward path, as cargo volumes declined by 4.4 percent in April year-on-year, according to the Airports…
Zim to hike Asia-Europe freight rates in July
Zim Integrated Shipping Services will implement general rate increases (GRIs) in the Asia-Europe trades effective July 1. The Israel box ship will impose an…
Conference highlights logistics, investments opportunities at Subic Bay
The Subic Bay Metropolitan Authority in cooperation with the Subic Bay International Terminal Corp is organizing the Subic Bay Maritime Conference & Exhibit on…
Cebu Pacific signs $280M maintenance contract with Rolls-Royce
Cebu Pacific formally signed a $280-million contract with Rolls-Royce which will provide long-term service support for its Trent 700 engines on up to eight…
PH electronics sector confident of 10-15% 2012 growth
2012 is a “snap back” year. Ernesto Santiago, president of the Semiconductor and Electronics Industry of the Philippines Inc. , said the industry is…
