Asia

Asia

22 Dec 2014
Mitsui-Soko Holdings Co. will take a controlling stake in Sony Supply Chain Solutions Inc. for about 18 billion yen (US$151 million), marking the latest in a series of acquisitions by Japanese transportation and logistics companies targeting subsidiaries of struggling domestic electronics giants.
22 Dec 2014
Singapore-listed Yoma Strategic Holdings will receive a $100 million loan from the Asian Development Bank (ADB) to build up Myanmar’s transport and logistics infrastructure urgently needed to create sustainable economic growth.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
The Japanese government has recently expressed concern to the U.S. government regarding the delays of U.S. forage exports because of U.S. West Coast port congestion, according to an agriculture shipper group.
19 Dec 2014
Indonesia’s largest port operator Pelabuhan Indonesia II (IPC) will partner with PSA International, Japanese investment company Mitsui & Co. and NYK Line to construct and operate a container terminal at Jakarta’s Tanjung Priok port.
18 Dec 2014
Capacity at a container terminal at Viskhapatnam Port, a major state-owned cargo hub on India’s southeastern coast, is set to double to 1 million TEUs annually after a consortium signed a Rs. 633.11 crore (US $102 million) construction contract.
18 Dec 2014
Holiday shoppers in Asia will have to deal with a little less Christmas cheer this year, as trans-Pacific shipments of Christmas trees from the U.S. Pacific Northwest are the latest casualty of West Coast port congestion.
18 Dec 2014
DP World’s shareholders today backed the Dubai-based global terminal operator’s plan to delist its shares on the London stock exchange on the basis that they are too thinly traded there.
17 Dec 2014
Manila’s efforts to clear the backlog of containers congesting the port are being threatened by the Christmas and New Year holidays that the Philippine Ports Authority fears could bring the yard utilisation back to congestion levels.
17 Dec 2014
DP World’s Indian facility, Mundra International Container Terminal, said it broke the one-million-TEU mark for the first time in its fiscal year that ends Dec. 30.
17 Dec 2014
Spot rates in the eastbound trans-Pacific responded to carrier rate increase attempts by jumping about 40 percent this week, Drewry Maritime Research said.