Cargo handling by Hong Kong Air Cargo Terminals Limited reached 710,021 tonnes in the fourth quarter of 2011, falling 7.3 percent from the same…
Hong Kong’s Hactl says Q4 volume dipped 7.3%
The Latest
World Bank projects global economic slowdown for 2012
Global growth prospects for 2012 for both developing and high-income families are being dimmed by the euro area debt problems and weakening growth in…
MSC to impose GRI on US-Far East lane
Mediterranean Shipping Company (MSC) announced a general rate increase (GRI) for all cargo on the US-Far East trade from March 2012. The Swiss carrier…
Changi Airport freight traffic up 2.8% in 2011
A strong performance in December and new freighter services spiked Singapore Changi Airport’s statistics in air cargo traffic in 2011. Air freight movements recovered…
Seamless Asian Sky promises greater efficiency, enhanced safety—IATA
The world’s largest aviation market is set to ramp up the efficiency of its air traffic control systems Asia-Pacific is developing fast. The region’s…
Developing countries carving bigger share in maritime trade, says UN report
The share of developing countries’ GDP in overall global economic output has jumped from 17 percent in 1980 to over 28 percent by 2010,…
PH carriers hold off on bunker fuel surcharge
The Philippine Liner Shipping Association (PLSA) has deferred its decision on the imposition of a bunker fuel surcharge (BFS) even with another increase in…
ICTSI to spend $250M on Mexican terminal
PHILIPPINE-BASED port operator International Container Terminal Services, Inc. (ICTSI) has allotted $250 million to construct Terminal 2 at Mexico’s Port of Manzanillo. ICTSI said…
Clark locators want cheaper cargo tracking option
Locators at the Clark Development Corp (CDC), north of Manila, are insisting that the General Transport Surety Bond (GTSB) or underguarding for cargo shipments…
All Singapore exports to be declared in advance come 2013
With effect from 1 April 2013, Singapore Customs will require declarations for the export of all goods to be submitted prior to the goods…
PH truckers shun fuel surcharge, now eyeing general rate hike
A one-time, big-time trucking rate increase is in the offing in the Philippines due to the continued spike in oil prices — the latest…
PH Nov exports contract 19.4%
PHILIPPINE exports declined 19.4% in November to $3.342 billion from $4.146 billion year-on-year, according to latest data from the National Statistics Office. The November…
Cebu Pacific sees 14% more passengers in 2011
PHILIPPINE budget airline Cebu Pacific (CEB) posted a 14% increase in passenger volume last year to 12 million compared to 10.5 million in 2010.…
Oil Again
Oil Price Watch From October 2007 to September 2008 I wrote 5 columns which dealt with oil prices and their effect on transport cost…
COGSA One-Year Prescriptive Period
CAN the one-year COGSA rule benefit the marine insurer? No, and this is the story. Sometime in 1993, New Word Dev. Corp. (NWDC) imported…
SDV invests in FAST group
SDV International Logistics recently took a minority interest in the FAST Overseas group, present in Lebanon, Syria, Jordan, and Italy. With a turnover of…
MSC poises rate hikes on Europe-Far East/Middle East trades
Mediterranean Shipping Company (MSC) announced general rate increases (GRIs) for the Europe-Far East and Middle East trade lanes effective February and March 2012. From…
Maersk Line installs masts without sails
Maersk Line has joined forces with Ericsson to bring global mobile telecommunications to the oceans. Introducing extended connectivity to vessels will allow Maersk Line…
Companies not prepared for ‘black swan’ events—PwC
Many organizations’ risk management practices are worryingly incomplete and being outpaced by an era of catastrophic “black swan” events, said a new paper by…
Indonesia’s Tanjung Priok port to install IT system to ease traffic
Pelindo II, Indonesia’s state-owned port operator, announced that the Port of Tanjung Priok in north Jakarta, the country’s main shipment gateway, will have a…
