Cathay Pacific Airways said it expects “disappointing” financial results for the first half of 2012, as fuel prices remain high and the cargo business…
Cathay Pacific braces for disappointing first half, eyes capacity cuts
The Latest
CKYH restructures Asia-US East Coast routes
The CKYH alliance will restructure five of its current Asia-U.S. East Coast loops starting the middle of May 2012. The alliance, made up of…
Dachser opens first branch in Malaysia
Global logistics firm Dachser Intelligent Logistics announced that it has established a head office in Malaysia to expand its service portfolio in the Asia-Pacific…
2GO banks on supply chain business to boost profit
2GO Group, Inc, a publicly listed company in the Philippines, is looking at getting more mileage from its supply chain business to improve its…
PH Customs falls short of April revenue target
The Philippine Bureau of Customs (BOC) missed its collection target in April, the 11th consecutive month it has done so. BOC took in P25.43…
DHL’s Asia division helps drive Deutsche Post DHL Q1 growth
Deutsche Post DHL, the world’s leading postal and logistics group, continued its strong performance from last year, posting a 4.3 percent increase in revenue…
Myanmar set for economic takeoff with right policies—IMF
Myanmar’s new government faces a historic opportunity to jump-start the country’s economic development and lift living standards, says the International Monetary Fund in its…
CEVA chalks up 7% profit loss despite higher revenue from contract logistics
CEVA Logistics reported a 2 percent increase in its first quarter revenue for this year, but noted a 7 percent drop in earnings before…
TSA lines recommend peak season surcharge for 2012-13
Oakland, CA – Transpacific Stabilization Agreement (TSA) member lines are recommending a peak season surcharge (PSS) of US$600 per 40-foot container (FEU) and proportionate…
NYK kicks off Thailand-Vietnam-Canton loop with RCL
Japan-based Nippon Yusen Kaisha (NYK) is ceasing its Thailand–Vietnam–Singapore (TVS) joint service and launching the Thailand–Vietnam–Canton (TVC) joint service from mid-May. NYK said on…
US-Asia lines recommend seasonal rate actions on proteins, hides
Oakland, CA– Container lines operating in the U.S.-Asia trade lane have proposed a set of non-binding guideline increases for freight rates covering frozen and…
ICTSI Singapore subsidiary buys Indonesian company
Manila-based port operator International Container Terminal Services, Inc (ICTSI) has acquired an Indonesian garment manufacturer which it plans to transform into a port management…
Cebu Pacific backs moves to relocate general aviation away from NAIA
Philippine budget carrier Cebu Pacific supports Civil Aviation Authority of the Philippines (CAAP) moves to decongest Ninoy Aquino International Airport (NAIA). “Air traffic congestion…
ATI: No Batangas port expansion for now
Manila-based Asian Terminals, Inc (ATI) has no plans to expand Batangas port, two hours away from the capital Manila, even if the facility’s cargo…
Special Truck Ban
The holding of the 45th annual meeting of the ADB Board of Governors in Manila caused a problem in Metro Manila traffic late last week.…
Eric Herman is new global CCO for Damco
Effective May 1, Eric Herman has moved to a position as Global Chief Commercial Officer for Damco, the logistics arm of A.P. Moller-Maersk Group.…
EU fine turns Panalpina operating profit into $43 million loss
The EU and Swiss antitrust fines of CHF59 million (US$64 million) levied on Panalpina resulted in a loss of CHF40 million ($43 million) for…
Hapag-Lloyd sets Far East-N Europe eastbound and westbound rate hikes
Hapag-Lloyd will implement general rate increases for all cargo and container types from the eastbound and westbound Far East-North Europe slings, the German ocean…
Asia-Europe box rates gain steam for third time
The westbound Asia-Europe box rates rose strongly last week, rising 19 percent even as pricing on the eastbound trans-Pacific trade remained unchanged, according to…
Asian cargo carriers post revenue, traffic decline in 2011
Cargo revenues of Asia Pacific-based international cargo carriers fell by 1.4 percent to US$22 billion in 2011 compared to the previous year. Similarly, cargo…
