Asia

Asia

31 Aug 2015
China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
31 Aug 2015
Brazilian beef exporters are poised to double their shipments to Iran after the major Middle Eastern importer ended a three-year ban on non-frozen shipments from the state of Parana.
31 Aug 2015
Negotiations spearheaded by Indian Finance Minister Arun Jaitley and his other cabinet colleagues to avert a threatened general strike on Wednesday collapsed at the weekend, setting the stage for a big battle between labor unions and government authorities.
31 Aug 2015
The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung.
31 Aug 2015
Australia’s container shipping business appears to have escaped the fate of its dry bulk sector that has been crippled by China’s economic slowdown, but even as volumes grow strongly excess capacity in the north-south trade is preventing rates from rising.
31 Aug 2015
The Chinese company behind Nicaragua’s planned $50 billion canal is reportedly willing to change the route to bypass one of the towns opposed to its construction, even though such an alteration would add $700 million to the cost of the project.
29 Aug 2015
China’s devaluation of the yuan may not kick off a currency war around the world, but it’s already triggered similar moves in Asia, and that’s potentially great news for U.S. retailers, the dominant importers of U.S. containerized products such as apparel, footwear and furniture.
29 Aug 2015
China Southern Airlines reported a stunning first half with cargo volume rising 10 percent overall and belly hold freight growing 27.6 percent compared to the first half of last year.
29 Aug 2015
Trading in shares of the Hong Kong and Shanghai-listed subsidiaries of China’s two largest shipping lines, Cosco and China Shipping, will remain suspended for another week closed-door talks on what is believed to be merger discussions continue.
28 Aug 2015
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years.