Asia

Asia

China shoe factory
31 Jul 2014
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.
31 Jul 2014
Singapore Airlines had a bad start to its financial year, ending the first quarter with earnings down 70 percent as yields weakened in the face of intense competition from regional and Middle East airlines.
30 Jul 2014
Indian Shipping Minister Nitin Gadkari said the government is working on plans to augment overall tonnage capacity at major ports from the current 800 million tons to 1.6 billion tons over the next five years.
30 Jul 2014
ANA Holdings Inc.’s international cargo revenue surged nearly 20 percent year-on-year in the first quarter of fiscal year 2014.
30 Jul 2014
Despite managing to restore profitability in the past year, MOL president Koichi Muto said the company’s container division continues to lose money and can’t recover without massive changes.
Container vessel Hanjin Lisbon
30 Jul 2014
Hanjin Shipping posted a net loss of $194 million in the second quarter, but the weak financial performance was eased by aggressive cost cutting in its container division that managed to lift the Korean carrier’s operating profit.
30 Jul 2014
Expectations of a solid peak season from Asia to both Europe and North America could lead to higher ocean container freight rates in the third quarter, but the gains are likely to be only temporary.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week.
30 Jul 2014
In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously the week before.
Skyline of Manila
30 Jul 2014
Manila’s choked container port will finally have some relief as sweeper ships arrive to clear the thousands of empty boxes clogging the city terminals.
29 Jul 2014
Blue Dart Express, India’s leading air express and logistics services provider, reported its net profit fell 16 percent in the first fiscal quarter.
29 Jul 2014
Japan Airlines Corp.’s group net profit tumbled 19.4 percent in the first quarter of fiscal 2014.