Indian Railways carried 171.91 million metric tons of revenue-earning freight traffic in April and May, the first two months of fiscal year 2013 to 2014, increasing 4.6 percent or 7.53 million metric tons from...
Asia
Press Releases
19 Jun 2013
Local agents of container lines have expressed skepticism and concern over a decision by India’s Port of Jawaharlal Nehru to develop its fourth container terminal project with “one mega terminal” instead of two separate facilities.
19 Jun 2013
Ningbo Port and APM Terminals have signed an agreement to jointly invest in and operate berths 3, 4 and 5 at the Chinese port’s Meishan Container Terminal.
19 Jun 2013
Slow-steaming by shipping lines, the shift of production centers in China inland and the easing of customs barriers in Eastern Europe are rapidly opening up overland transport routes between Asia and Europe.
19 Jun 2013
Japan’s exports to the United States rose for the fifth straight month in May on a year-on-year basis, surging 16.3 percent to 1.041 trillion yen ($10.96 billion), according to preliminary figures released by the Finance Ministry on June 19.
19 Jun 2013
The Jawaharlal Nehru Port Trust, a container-handling port in India, and Nhava Sheva Gateway Terminal, a subsidiary of DP World at Jawaharlal Nehru Port, today signed a concession agreement for the development of a...
19 Jun 2013
The P3 Network announced between Maersk Line, Mediterranean Shipping Co. and CMA CGM will bring together portions of the three largest global container ship fleets. The alliance, which is planned for the second quarter of 2014, will enable the three carriers to deploy their largest vessels in the Asia-Europe trade and cascade slightly smaller ships into the trans-Pacific and the trans-Atlantic lanes. This infographic gives a look at how the partners' fleets - both individually and as contributed to the alliance - measure up against the global fleet.
19 Jun 2013
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
18 Jun 2013
Hapag-Lloyd will add a direct port call at Bahrain to its South China Sea Express and Middle East Express services.
18 Jun 2013
Yusen Logistics is adding a weekly service from Ho Chi Minh, Vietnam, to Los Angeles to its LCL network.
18 Jun 2013
The P3 Network announced today between Maersk Line, Mediterranean Shipping Co. and CMA CGM will have little or no impact on the glut of vessel capacity that has been depressing global freight rates, but will enable the world’s three largest container lines to substantially cut their operating costs on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
Jun 5, 2013 2:00PM EDT