Asia

Asia

Shopping bags with U.S. and Japanese flags
24 Jul 2014
The United States retained its status as Japan’s biggest export market in the first half of 2014 after defeating rival China by a narrow margin.
Weekly wrap-up for July 19
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
Factory worker in China
18 Jul 2014
Rising labor costs continue to drive factories out of the Pearl River Delta...
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
Spot rates from Shanghai to Northern Europe sank 5.5 percent to $1,230 per TEU this week.
18 Jul 2014
Instability in the spot rate market continued this week, as spot rates from Shanghai to northern Europe, the Mediterranean and both coasts of the United States sank yet again...
17 Jul 2014
India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...
17 Jul 2014
India’s largest port infrastructure developer, Adani Ports, has received government approval for its "special economic zone" project at the Port of Mundra,
17 Jul 2014
When Cathay Pacific left Hong Kong Air Cargo Terminals (Hactl) a year ago to start its own freight busines
17 Jul 2014
Zim Integrated Shipping Services said it finalized its debt restructuring deal after its parent Israel Corp. invested $200 million of new equity into the ocean carrier.
The spot rate from New York to Rotterdam sat at $1,307 this week, down 19.7 percent year-over-year.
17 Jul 2014
Spot rates from Shanghai to Rotterdam, the Netherlands, eroded this week, losing 35 percent of the gains it garnered in the last two weeks.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose to $1,900 per 40-foot container this week.
16 Jul 2014
Attempts by the trans-Pacific carriers to institute a two-tiered July general rate increase fell just short of realization...