Maersk Line said it has acquired its desired market share in the Asia-Europe trade and will now prioritize the restoration of its profitability after…
Maersk Line aims to focus on profitability
The Latest
Asia-Pacific air cargo declines for January, says ACI
Air freight traffic for the Asia-Pacific region dropped by almost 13 percent, inducing a global decline of over 7 percent, in January from the…
Ho Chi Minh City ports to transform into high-rise property projects
A number of ports and a shipyard in Ho Chi Minh City in Vietnam may be converted into high-rise property projects, according to media…
CEVA Logistics files 10% growth in earnings
CEVA Logistics reported strong earnings of EUR321 million (US$422 million) in 2011, a 10 percent growth, and a record revenue of EUR6.9 billion, an increase…
PH Customs’ automated export system on pilot run
The Philippine Bureau of Customs (BOC) is rolling out its Automated Export Declaration System (AEDS) in three major ports in preparation for mandatory implementation…
PH shipping lines to collect 32% more bunker surcharge starting Mar 16
PHILIPPINE cargo carriers will impose a 31.91% hike in their bunker surcharge starting March 16 due to persistently high fuel costs. This will translate…
IATA joins call for scrapping of PH aviation taxes
The abolition of the common carriers tax (CCT) and the gross Philippines billings tax (GPBT) will translate to lower transport costs and boost Philippine…
PH transport agency all for air liberalization
The Philippine Department of Transportation and Communications (DOTC) supports the need for a more liberalized and deregulated air transport industry within the Association of…
PH 2011 imports up 9.5%
Philippine imports for 2011 grew 9.5% to $60.139 billion compared to $54.933 billion year-on-year, data from the National Statistics Office showed. But the December…
Latest On e2m AEDS, PEZA Expanded AEDS Implementation
As of last Friday, the latest update on the Bureau of Customs electronic-to-mobile Automated Export Declaration System and the Philippine Export Zone Authority Expanded…
PPP No Longer Means Powerpoint Presentation
Critics have made a joke of the much vaunted flagship public works program of the Aquino administration called Public-Private-Partnership or PPP. The program did…
Kuehne + Nagel logs flat 2011 earnings
Global freight forwarder Kuehne & Nagel posted almost flat earnings of CHF606 million (US$664 million) in 2011 compared with CHF605 million in 2010 but…
Hanjin slates another Asia-Europe rate boost
South Korea’s Hanjin Shipping announced a second round of box rate hikes this year on its westbound Asia-Europe trade lanes. Hanjin, the world’s ninth…
Restructuring deal in the works for Jade Cargo?
Jade Cargo International said it may enter into a restructuring deal with Chinese company UniTop in an attempt to lift itself out of its…
Damco profit rose 29% in 2011
Damco said its earnings before interest and tax (EBIT) improved by 29 percent in 2011, rising from US$75 million in 2010 to $97 million,…
World Container Index shows 114% rise in Asia-Europe box rate
The March 1 Shanghai-to-Rotterdam container freight rate assessment from the World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, showed…
Economic strategies, environmental policies remain backbone for Singapore’s environmental market growth
Singapore – While a gloomy economic weather in 2012 can be expected, the Singaporean environmental and building markets may just continue to thrive with…
Kuehne + Nagel introduces active wireless sensors for pharma airfreight
The Kuehne + Nagel Group is setting new standards in the handling of pharmaceutical products. As part of its KN PharmaChain product, the company…
CMA CGM, Hapag-Lloyd announce new rate revisions
CMA CGM announced on March 1 revenue restorations on the Asia-Europe market, both westbound and eastbound. The French container line said that a second…
OOCL hiking Southeast Asia-Australia rates from April 1
Orient Overseas Container Line (OOCL) is increasing freight rates for traffic from Southeast Asia to Australia effective April 1. The Hong Kong-based container line…
