Kuehne + Nagel has opened a new office in Chiang Mai to provide greater integrated logistics services in Thailand, especially in the high-tech and…
Kuehne + Nagel opens Chiang Mai office in Thailand
The Latest
Clark gets P1B for airport modernization
Land Bank of the Philippines recently granted Clark International Airport Corp (CIAC) a P1-billion loan to finance the second phase of Clark International Airport’s…
Maersk Group posts 7% growth in 2011 revenue
The A.P. Moller-Maersk Group saw 2011 revenue increase 7% to US$60.2 billion from $56.09 billion year-on-year due to higher oil prices and container volumes…
DACHSER South China new global partner of Lufthansa Cargo
DACHSER has become a new member of the cargo carrier’s top customer programme following the signing of an agreement. DACHSER Far East’s subsidiary in…
Maersk Line to increase Asia-Europe rates a second time
Danish container shipper Maersk Line announced a second rate hike this year on its Asia-Europe lanes in a bid to recover from huge revenue…
CMA CGM announces revenue restoration program
CMA CGM announced on February 23 its new general rate increases and rate restoration initiatives effective March 2012. From March 1, France’s largest container…
Asia cargo traffic drops 13% from ‘persistently’ weak trade
International air freight demand fell by 13.7 percent in January compared to the same month last year, a result of the earlier arrival of…
Kerry Logistics takes full control of Spanish operations
Kerry Logistics, a leading global logistics services provider, has completed the acquisition of its former joint venture, Kerry Salvat Logistics S.A., through a buyout…
Singapore Airlines makes 20% cargo capacity cut
Singapore Airlines (SIA) has implemented a 20 percent freighter capacity reduction as the global economic slowdown continues to weaken demand and push up fuel…
NOL reports $478 million loss in 2011
Singapore-based Neptune Orient Lines (NOL) announced a net loss of US$478 million in 2011, a big turnaround following net earnings of $461 million in 2010.…
Indonesia port operator Pelindo II books 33% jump in net income
Indonesia’s state-owned port operator PT Pelabuhan Indonesia II (Pelindo II) achieved a 33 percent surge in net profit to IDR1.6 trillion (US$176 million) in…
New China-Bangkok joint service from OOCL and RCL
Hong Kong-based Orient Overseas Container Line (OOCL) announced a partnership with Thailand’s Regional Container Lines (RCL) to launch a new China-Bangkok Service (CBS) that…
Three PH ports to get P500M upgrade
The Philippine Department of Transportation and Communications (DOTC) is allotting P500 million for the construction and upgrade of the Ormoc, Tabaco City in Albay,…
North Harbor operator enjoys income tax holiday
The Philippine Board of Investment recently granted pioneer status to Manila North Harbour Port, Inc (MNHPI) for investing in domestic port North Port (formerly…
New Anscor Swire office in Manila
The Anscor Swire Ship Management Corp offices in Manila at the ground floor of TwoE-comCenter were recently inaugurated, attended by officials of the global…
TNT Express changes strategy after massive losses in 2011
Netherlands-based TNT Express said it plans to concentrate on its core European market, which accounts for nearly 70 percent of its revenue, after registering…
Poor infrastructure undermines Cai Mep-Thi Vai ports in Vietnam, says report
The Cai Mep-Thi Vai area in the southern province of Ba Ria-Vung Tau boasts more than 50 seaports but is having difficulty attracting container…
12 countries propelling Asia-Pacific transport and logistics growth
Twelve countries in Asia-Pacific will play a key role in boosting the growth of the region’s transportation and logistics market despite global economic uncertainties,…
PH international air cargo up 20% in 2011
The Philippines’ international air cargo volume increased 20% in 2011, thanks mainly to the import sector’s strong showing. According to the Civil Aeronautics Board…
Automated export system at Philippine ecozone agency mandatory by Mar 15
The mandatory implementation of the Philippine Economic Zone Authority (PEZA) expanded Automated Export Declaration System (E-AEDS) will take effect on March 15, 2012. Under…
