Asia

Asia

27 Apr 2015
Spot rates in the China-U.S. East Coast lane are falling back down to historical levels, a sign that vessel diversions driven by West Coast congestion may be easing.
27 Apr 2015
Saudi Global Ports has opened its newest container terminal in Dammam’s King Abdul Aziz Port.
27 Apr 2015
U.S. consumer spending and new homebuilding are forecast to grow so steadily this year that imports from Far East Asia are likely to grow by a faster-than-expected 4.5 percent, year-over-year.
27 Apr 2015
Adani Ports and Special Economic Zone, India’s biggest private port infrastructure developer, is poised to snap up another container port contract in the country.
CSCL Globe, China Shipping container ship
27 Apr 2015
China Shipping Container Lines in the first quarter continued its profitable turnaround that began with a positive 2014 annual result, reporting a 305 percent increase in net profit to $40 million.
HIT in Hong Kong
27 Apr 2015
Hutchison Port Holdings Trust recorded a fall in first-quarter net profit of 49 percent, as a one-off gain in March last year and slowing foreign trade hit the performance of its Pearl River Delta terminals.
27 Apr 2015
Cosco Pacific shrugged off concerns of a slowing China as its first-quarter net profit surged almost 20 percent and container volumes grew by 6.6 percent compared to the first three months of last year.
27 Apr 2015
Huge feeder networks required to serve the mega-vessels calling at Singapore and the growing number of connections generated by shipping alliances are placing the port under growing pressure.
26 Apr 2015
With West Coast port congestion and container backlogs easing faster than predicted, beneficial cargo owners are reassessing their supply chain strategies for the coming shipping season.
Zim container ship in Savannah
24 Apr 2015
Zim Integrated Shipping Services announced the launch of a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.
24 Apr 2015
Hyundai Merchant Marine will become the first carrier to call at the port of Incheon’s new Sun-Kwang terminal when the Hyundai Tokyo ties up in mid-May as part of an Asia-U.S. G6 Alliance service.