Asia

Asia

28 Aug 2015
China carrier Nan Tsing Container Lines told employees it has suspended all business operations and was preparing to dismiss staff because of mounting debts amid a slowdown in domestic shipping.
28 Aug 2015
Air China Cargo turned around its financial fortunes in the first half of the year with a 23.5 percent increase in freight carried on the airline’s network taking the mainland’s flag carrier to a $17 million net profit.
27 Aug 2015
A plummeting stock market and the devaluation of the yuan have knocked China down a peg, but the Asian manufacturing powerhouse will still grow its trade with the world more than 5 percent annually over the next five years, according to a recent IHS forecast.
27 Aug 2015
Global terminal operator DP World reported a 22 percent increase in net profit during the first half of 2015 but said it expects growth to slow amid a “challenging” global economy during the rest of year.
27 Aug 2015
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.
27 Aug 2015
The listed units of China’s two largest shipping lines reported their interim results today with wildly diverging profits achieved by the two state-owned carriers in the first six months of the year.
27 Aug 2015
Gateway Terminals India, or APM Terminals Mumbai, said it is taking all the necessary steps to speed up its gate activity that has drawn complaints from logistics providers operating in Jawaharlal Nehru Port Trust, the country’s busiest container gateway.
27 Aug 2015
Tianjin Port Group chief executive officer Zheng Qingyue has been accused of dereliction of duty by China’s highest prosecutions agency after an investigation into the huge Tianjin blasts that killed at least 145 people earlier this month.
27 Aug 2015
The Indonesian government has set up a task force faced with the daunting goal of slashing container dwell times by more than half at the country’s largest port of Tanjung Priok in Jakarta.
27 Aug 2015
Pearl River Delta specialist carrier Chu Kong Shipping Enterprises has reported first half net earnings up 16 percent year-over-year, following on from its healthy 14.6 percent annual profit earned in 2014.
26 Aug 2015
The G6 Alliance is starting a new service from Asia to Sweden, a sign that there are some bright spots on the ailing Asia-Europe trade lane.