Asia

Asia

Ship engine telegraph pointing to ahead slow.
01 Aug 2014
Diversions from the West Coast to avoid longshore labor negotiations is creating delays of up to two to three weeks for some ocean cargo moving from Asia to the U.S. East Coast, according to a freight forwarder.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week.
30 Jul 2014
In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously the week before.
Skyline of Manila
30 Jul 2014
Manila’s choked container port will finally have some relief as sweeper ships arrive to clear the thousands of empty boxes clogging the city terminals.
29 Jul 2014
Blue Dart Express, India’s leading air express and logistics services provider, reported its net profit fell 16 percent in the first fiscal quarter.
29 Jul 2014
Japan Airlines Corp.’s group net profit tumbled 19.4 percent in the first quarter of fiscal 2014.
29 Jul 2014
An activist group announced plans to block cargo moving off Israel-based Zim ships at Oakland on Aug. 2 to protest the conflict in Gaza.
AirBridge Cargo Boeing 747-400ERF freighter
29 Jul 2014
AirBridgeCargo Airlines, Russia’s largest scheduled cargo carrier, plans to add more routes and boost frequencies of existing services over the next six months after traffic soared 16 percent to an all-time high in the first half of the year.
Plane in blue sky
29 Jul 2014
Positive developments in China’s export space are raising expectations that the recent strong performance of air and ocean cargo volumes will extend into a solid peak season.
28 Jul 2014
Transport Corp. of India reported its net income in the first fiscal quarter, from April to June, was $2.7 million.
28 Jul 2014
State-owned rail operator Container Corp. of India has reiterated its confidence in being able to clear the import backlog at Jawaharlal Nehru Port Trust (Nhava Sheva) through greater coordination with all stakeholders.
China
28 Jul 2014
If the negative portrayal by China’s state broadcaster of the proposed 2M tie-up between Maersk Line and Mediterranean Shipping Co. this weekend has official backing, it could be an indication of internal political pressure to shield Cosco and China Shipping Container Lines from a stronger competitor.