Asia

Asia

22 Dec 2014
Mitsui-Soko Holdings Co. will take a controlling stake in Sony Supply Chain Solutions Inc. for about 18 billion yen (US$151 million), marking the latest in a series of acquisitions by Japanese transportation and logistics companies targeting subsidiaries of struggling domestic electronics giants.
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.
16 Dec 2014
Maersk Line plans to launch a direct weekly service from India to Africa in late January 2015 in a move to reduce transit times on that trade lane.
16 Dec 2014
India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.
16 Dec 2014
A preliminary reading of an index shows Chinese manufacturing activity in December shrank for the first time since May, the latest sign of weakening European and broader global demand.
16 Dec 2014
Indonesia’s marine-highway program — a bold $55.4 billion plan to develop 24 commercial seaports, over a thousand non-commercial seaports and procure vessels — is facing a revision as some ports in the proposal may not be suitable for handling containers.