Asia

Asia

18 Dec 2014
Holiday shoppers in Asia will have to deal with a little less Christmas cheer this year, as trans-Pacific shipments of Christmas trees from the U.S. Pacific Northwest are the latest casualty of West Coast port congestion.
18 Dec 2014
DP World’s shareholders today backed the Dubai-based global terminal operator’s plan to delist its shares on the London stock exchange on the basis that they are too thinly traded there.
17 Dec 2014
Manila’s efforts to clear the backlog of containers congesting the port are being threatened by the Christmas and New Year holidays that the Philippine Ports Authority fears could bring the yard utilisation back to congestion levels.
17 Dec 2014
DP World’s Indian facility, Mundra International Container Terminal, said it broke the one-million-TEU mark for the first time in its fiscal year that ends Dec. 30.
17 Dec 2014
Spot rates in the eastbound trans-Pacific responded to carrier rate increase attempts by jumping about 40 percent this week, Drewry Maritime Research said.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
17 Dec 2014
Japan’s trade surplus with the United States expanded by a whopping 20.4 percent in November on a year-on-year basis, as exports grew relatively strongly while imports fell, according to preliminary trade figures released by the Japanese Finance Ministry on Wednesday
17 Dec 2014
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.
17 Dec 2014
The largest container ship handled by an Indian port was the 14,000 TEU capacity vessel MSC Valeria at Mundra in 2013, a record that has little chance of being broken any time soon.
17 Dec 2014
Records are tumbling at Asia’s air freight hubs of Shanghai and Hong Kong this year, with double-digit growth reported at the main terminals in November and for the year-to-date.
16 Dec 2014
Hapag-Lloyd became the latest carrier to announce a large general rate increase on trans-Pacific eastbound cargo for January, following Maersk Line and MOL.