Asia

Asia

15 Sep 2014
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.
15 Sep 2014
Cargo owners of customs-cleared containers will be slapped with a $114 storage fee from Oct. 1 by the Philippine Ports Authority (PPA), regardless of whether their boxes are in the port of Manila or have been transferred to terminals in Subic or Batangas.
15 Sep 2014
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.
14 Sep 2014
An estimated 300,000 40-foot reefer containers are expected to be added to the global fleet by 2018 as strong demand for perishables drives the business and improving technology enables their long distance transport.
12 Sep 2014
Weak global demand is hurting U.S. containerized exports, while a reviving U.S. economy is aiding imports. A larger long-term trade imbalance is the likely result, Cass says.
12 Sep 2014
Taiwanese ocean carrier Yang Ming Line has confirmed that the fixed-rate time charter terms for five 14,000-TEU container ships, currently being built by CSBC Corp., will be extended to 10 years, with one two-year option, according to Seaspan.
12 Sep 2014
All major trade lanes saw a dip in spot rates for the week ahead, according to the latest reading of the Shanghai Containerized Freight Index...
Ocean carrier rate revision roundup for Sept. 12
12 Sep 2014
Multiple container lines have planned general rate increases in numerous trade lanes in September and October...
12 Sep 2014
One country has massive terminal overcapacity that will depress the business for years, while the other has a desperate need for huge investment in its container ports to cope with growing trade. Vietnam and Indonesia are on opposite sides of the port capacity scale, but both Southeast Asian nations are facing formidable challenges.
12 Sep 2014
A navel-gazing session by container shipping companies on the need for improved product differentiation and better service did little to impress an audience of customers and industry experts here this week.
11 Sep 2014
Three global funds will invest $700 million in XPO Logistics, accelerating the fast-growing company's acquisition plans for 2014.