Asia

Asia

Nicaragua Canal route map
21 Nov 2014
Construction on the controversial Nicaragua canal linking the Atlantic and Pacific oceans will begin on Dec. 22 on the Pacific side, according to the government officials.
Cranes
19 Nov 2014
Terminal operator Gulftainer is a step closer to readying its Al-Sharjah Emirati terminal for mega-ships after it received $60 million of new crane equipment for the Khorfakkan Container Terminal.
19 Nov 2014
Trans-Pacific carriers only achieved half the general rate increase gain they hoped to via a $600-per FEU hike, Drewry Maritime Research said today.
19 Nov 2014
There is still no end in sight to the port of Manila congestion more than six months after an ill-considered truck ban quickly began to see containers stacking up at the two main terminals in the Philippine capital.
19 Nov 2014
Air cargo is going through a period of adjustment that will keep profitability largely out of reach for the world’s carriers until more of a balance is achieved between cargo capacity and demand.
Yusen Logistics warehouse
18 Nov 2014
Yusen Logistics has opened a new warehouse in Vietnam’s Hai Phong City to tap growing electronics and auto manufacturing production in the country’s northern region.
18 Nov 2014
As least seven carriers have suspended newly announced port congestion surcharges on cargo heading from Asia to the U.S. West Coast, likely resulting from importer pushback and U.S. regulatory scrutiny.
18 Nov 2014
Two global logistics companies will set up shop in the Goodman Group’s newly-constructed Xiqing Logistics Park in Tianjin, reflecting the demand for modern warehousing to serve booming Chinese e-commerce business.
18 Nov 2014
India’s global merchandise exports in October fell for the first time in seven months on a year-on-year basis, primarily due to a sharp decline in engineering shipments, according to provisional government statistics.
18 Nov 2014
Jawaharlal Nehru Port Trust (Nhava Sheva), India’s largest container handler, received the regulatory go-ahead to levy a new user fee to fund its “logistics data bank” project, a data processing center to track the movement of containers.
18 Nov 2014
A system aimed at expediting the customs clearance of goods traded between members of the Association of Southeast Nations will get its first test in in Malaysia, Singapore and Thailand.