German ocean carrier Hapag-Lloyd recorded a net loss of US$38 million in 2011 after registering a $565 million profit the previous year. “2011 was…
Hapag-Lloyd registers $38-M net loss
The Latest
Terminals urged to prepare for ultra-large ships
Port and terminal operators should prepare now for the arrival of future-generation ultra-large container vessels (ULCVs), since designs for vessels with a capacity of…
DHL to offer new round-the-world flight boosting Asia-US services
Germany’s DHL Express announced the launch of a new round-the-world flight connecting Hong Kong, Los Angeles, and Leipzig to enhance its services on key…
Hanjin Logistics opens at Schiphol
Hanjin Logistics Europe B.V. – a subidiary of South Korea’s Hanjin Logistics – has opened a new on-airport base at Amsterdam Airport Schiphol. The…
Cargo shipments not yet a priority at Clark
Despite more and more airlines using Clark International Airport (CIA), two hours north of Manila, as a hub cargo shippers in the area will…
PH aviation agency receives more petitions for higher fuel surcharge
Nine airlines — four Philippine-flagged and five foreign — have filed separate petitions before the Philippine Civil Aeronautics Board (CAB) to increase their fuel…
Airphil Express eyes more international services
Budget Philippine airline Airphil Express will likely launch a new international service in May to help boost revenues to between P10 billion and P11…
Cosco, Hanjin kick off Far East-Gulf of Mexico trade
China-based Cosco Container Lines and Korea’s Hanjin Shipping announced on March 21 the launch of a joint service in the Far East-Gulf of Mexico trade effective end of April.…
Singapore still the world’s busiest port
Singapore has retained its position as the world’s busiest port in 2011 despite the challenges to the shipping industry over the past few years,…
IATA cuts industry forecast due to ‘toxic’ oil prices
The International Air Transport Association (IATA) downgraded its global industry outlook for 2012 to $3 billion from $3.5 million last December on account of…
Changi Airport cargo traffic rebounds in February
Cargo movements at Singapore Changi Airport, which decreased 7.1 percent in January 2012 due to the Lunar New Year holidays, rebounded in February. The…
ICTSI Georgia unit, Arkas Line ink terminal services agreement
Batumi International Container Terminal LLC (BICTL) recently signed a terminal services agreement with Arkas Line, a new shipping line to call at BICT. According…
Automated Export System Gets Underway
Before I start, I want to quote from our article published last 05 March. It states in part: “How Many Automated Export Systems Are…
Higher cargo-handling fees loom at Manila ports
PORT operators International Container Terminal Services, Inc (ICTSI) and Asian Terminals, Inc (ATI) have filed a petition with the Philippine Ports Authority (PPA) for…
Subic’s New Container Terminal 1 traffic up 8% in 2011
The New Container Terminal 1 (NCT-1) in Subic Bay, north of Manila, recorded a 7.84% increase in cargo volume to 27,671 twenty-foot equivalent units…
Higher B/L fee in PH pushed
The Philippine Shippers’ Bureau (PSB) has asked international shipping lines calling Philippine ports to justify their planned $10 increase in bill of lading (B/L)…
Airphil Express chases North, Central Luzon markets
CLARKFIELD, Pampanga, Philippines — Budget airline Airphil Express is further expanding its service network this year and eyeing more passengers from the strongly emerging…
Cebu Pacific income drops 48% in 2011
Philippine budget carrier Cebu Pacific (CEB) reported a 47.6% dip in 2011 net income to P3.624 billion from P6.922 billion in 2010, due mainly…
Jan PH exports rise 3%
Philippine exports rebounded in January, rising 3% to $4.121 billion from $4 billion in the same month last year, according to data from the…
UPS to acquire TNT Express for $6.77 billion
United Parcel Service (UPS) has agreed to pay TNT Express EUR9.50 per share, up from the EUR9 per share that the U.S. parcel delivery…
