Asia

Asia

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.
16 Dec 2014
A compound annual growth rate of 24.7 percent is welcome in any business sector, but when that business is e-commerce in China, the numbers being generated quickly reach incredible levels.
16 Dec 2014
Cosco Pacific, the port operating arm of China’s largest shipping company, has growth its throughput by 10 percent from January through November this year, a reflection of strong export volumes that kept its terminals busy during the second half.
15 Dec 2014
India’s Ministry of Railways said it will postpone previously announced container rail increases, providing a temporary respite for shippers struggling with port congestion and rising transportation costs.
15 Dec 2014
Trans-Pacific shipments between Hong Kong and fast recovering North American markets drove up Cathay Pacific cargo throughput in November, with the strong demand expected to last deep into the final month of the year.
14 Dec 2014
The long running investigation into Asia forwarders fixing fees and surcharges on Japan-Singapore routes between 2002 and 2007 was finally brought to a close with the Competition Commission of Singapore (CCS) handing out $5.4 million in fines.
12 Dec 2014
For the sixth week in a row, JOC.com’s top stories center around continuing congestion at U.S. West Coast ports. But while eight of the top 10 stories centered on labor strife and delays, two other stories garnered attention: the massive, $1.1 trillion cromnibus spending bill in the U.S., and the factory shift from China to Vietnam.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
12 Dec 2014
Shippers and ocean carriers, left reeling from months-long congestion and berthing delays at India’s largest container port complex, Nhava Sheva (Jawaharlal Nehru Port Trust), are unlikely to get a break in the near future, as the port authority has been forced to push back an equipment modernization program by a month following delays in the arrival of new gantry cranes.
12 Dec 2014
NVOCCs and forwarders will be required to submit house bills of lading to China customs when the country's advanced manifest system is implemented in March.
12 Dec 2014
The container throughput counter at Ningbo-Zhoushan port clicked over to 20 million TEUs at midnight last night, effectively sealing its place as the world’s fifth busiest container port and relegating Korea’s transshipment hub Busan to sixth place.