Asia

Asia

23 Jul 2014
Ship agents at India’s Port of Jawaharlal Nehru (Nhava Sheva) have expressed concern over a lack of effective measures by state-owned rail operator Container Corp. of India in clearing import backlogs that have reached “unprecedented” levels at the country’s biggest box gateway.
Air China Cargo
23 Jul 2014
The recent recovery in China’s air cargo exports could stall this month as flight cancellations and lengthy delays hit airports across China’s eastern seaboard where suspected military drills are wreaking havoc on commercial air space that is already in short supply.
The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU.
23 Jul 2014
With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once again.
Port of Kaohsiung, Taiwan
23 Jul 2014
Taiwan’s largest port, Kaohsiung, boasted its second-highest throughput on record in June as larger vessels called at the port and island trade showed strong growth.
22 Jul 2014
Japan and Mongolia have reached a bilateral free trade agreement aimed at eliminating import tariffs on most products tra
21 Jul 2014
Jawaharlal Nehru Port Trust has won approval from the Union Ministry of Commerce and Industry for Phase I of its long-pla
20 Jul 2014
The Indian government, looking to capitalize on the growing importance of cross-border trade, has finalized plans to star
Weekly wrap-up for July 19
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
Factory worker in China
18 Jul 2014
Rising labor costs continue to drive factories out of the Pearl River Delta...
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
Spot rates from Shanghai to Northern Europe sank 5.5 percent to $1,230 per TEU this week.
18 Jul 2014
Instability in the spot rate market continued this week, as spot rates from Shanghai to northern Europe, the Mediterranean and both coasts of the United States sank yet again...