Philippine-based publicly listed company Asian Terminals Inc (ATI) reported a net income of P1.52 billion, down 4.5% fromP1.59 billion in 2010. Gross revenues also…
ATI 2011 income down 4.5%
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ICTSI books 33% jump in 2011 income
Philippine-based publicly listed company International Container Terminal Services, Inc (ICTSI) posted a 33% increase in 2011 net income to $130.6 million due to higher…
ICTSI eyes stake in Pakistan port
Philippine-based port operator International Container Terminal Services, Inc (ICTSI) has expressed interest in acquiring a stake in a Pakistani port. ICTSI, through subsidiary ICTSI…
HK Cathay Pacific profit falls on high fuel costs, weak demand
Hong Kong’s Cathay Pacific Airways posted a profit of HK$5.5 billion (US$708 million) for 2011, a decline of 61 percent from a record profit…
CKYH, Evergreen outline 12 joint Asia-Europe routes
The four-carrier alliance CKYH (Cosco, “K” Line, Yang Ming, and Hanjin) and Evergreen Line have entered into individual cooperative arrangements with one another on…
Cai Mep-Thi Vai port development ordered fast-tracked
Vietnam state officials instructed contractors of the International Cai Mep-Thi Vai port project to overcome difficulties and complete its infrastructure development as scheduled by…
OOIL profit down 90 percent to $181 million
Orient Overseas (International) Limited (OOIL) announced a profit for 2011 of US$181.6 million, down 90 percent from $1.8 billion in 2010 that, however, included…
UPS close to clinching buyout of TNT Express?
U.S.-based United Parcel Service (UPS) is said to be close to inking an agreement with TNT Express on the terms for acquiring the Dutch…
TCIT of Vietnam sets new productivity record
The Tan Cang-Cai Mep International Terminal (TCIT) in Vietnam said it set a new productivity record of 190 moves per hour when it served…
MCC revises Shanghai 1 service
Intra-Asia trade specialist MCC Transport, based in Singapore, is revising its Shanghai 1 (SH-1) route to expand its current scope of service within East…
MOL links up with RCL on new Singapore-Yangon loop
Japan’s Mitsui O.S.K. Lines (MOL) announced the opening of the new route “SYX” linking Singapore and Yangon, a twice-a-week joint service with Thailand’s Regional…
Hong Kong AAT cargo traffic rises 23% in February
Asia Airfreight Terminal (AAT), a cargo terminal operator at the Hong Kong International Airport, announced a tonnage throughput of 51,690 tonnes in February 2012,…
AAHK invests $2.2 billion on 16 parking stands
Airport Authority Hong Kong (AAHK) recently unveiled the HK$2.2 billion West Apron development, which will help Hong Kong International Airport (HKIA) meet its medium-term…
Singapore to host the ReCAAP ISC for another 5 years
Singapore reaffirmed on March 7 its commitment to international cooperation to combat piracy and armed robbery against ships in Asia. Lam Yi Young, Chief…
Panalpina reverts to profit in 2011
Panalpina achieved a profit of CHF127 million (US$139 million) in 2011 from a 2010 loss of $28 million, supported by organic growth across all…
Deutsche Post DHL marks double-digit earnings gain
Deutsche Post DHL, the world’s leading postal and logistics group, reported significant gains in both revenues and earnings for 2011. Revenue rose by 2.8…
CMA CGM swings to net loss of $30 million
CMA CGM, the world’s third largest container shipping group, reported a net loss of US$30 million in 2011, down from a profit of $1.6…
2011 PH cargo throughput up 4%; box volume grew 9%
The Philippines’ cargo throughput grew 3.97% to 177.334 million metric tons (mmt) in 2011 from 170.566 mmt year-on-year, latest data from the Philippine Ports…
Schenker PH eyes 10% rise in 2012 volume, revenue
DB Schenker Philippines expects a 10% increase in volume and revenue this year despite projections of a bumpy road ahead for airfreight exports. “Export…
PH Customs’ Feb collection misses target by 18%
The Philippine Bureau of Customs (BOC) fell short of its February collection target by 18.3%, taking in P20.979 billion against its goal of P25.672…
