Asia

Asia

26 Mar 2015
Gulftainer’s goal to triple volume over the decade through aggressive investment came a step closer in 2014 after the terminal operator increased handling 8 percent year-over-year.
18 Mar 2015
Japan’s exports to the U.S. rose for the sixth consecutive month in February, surging 14.3 percent to 1.215 trillion yen ($10.0 billion) on the back of brisk auto shipments, according to preliminary trade figures released by the Japanese Finance Ministry this week.
18 Mar 2015
Cathay Pacific reported a 20 percent increase in net profit for 2014 as a strong second half recovery in the cargo market helped drive up earnings to $403 million.
18 Mar 2015
A bill requiring ocean going ships to switch to low sulfur fuel while at berth in Hong Kong was tabled at the Legislative Council today and, if passed, will effectively raise the cost of shipping containers through the city even as it steadily loses market share to Shenzhen.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
17 Mar 2015
In an attempt to reduce port bottlenecks, the Narendra Modi-led Indian government has approved a special state-aid scheme for the construction of new infrastructure suitable for handling coastal vessels at publicly owned major ports.
17 Mar 2015
The government of Hong Kong has approved the building of a third runway at Hong Kong International Airport (HKIA), announcing that it would fund the $18.2 billion expansion through internal funds, external borrowings and higher user fees.
16 Mar 2015
Mexico’s recent expansion of its ban on U.S. poultry after authorities confirmed a case of bird flu in Arkansas is the latest blow to exporters whose containerized shipments have steadily fallen since China and South Korea imposed their own bans months ago.
16 Mar 2015
India’s merchandise exports in February plunged 15 percent from a year earlier to $21.5 billion, following an 11.2 percent decrease in January, marking the lowest value in three years, according to provisional figures released by the Ministry of Commerce and Industry.
16 Mar 2015
Global Ports, Russia’s largest container terminal operator, sank into the red in 2014 as the slumping ruble reduced imports and increased financing costs.
16 Mar 2015
U.S.-based non-vessel operating common carriers (NVOCCs) continue to expand their direct LCL services between Asia and the U.S. East Coast, building on strong growth experienced last year as shippers worked on getting around port congestion on the West Coast.