Asia

Asia

Weekly wrap-up for Aug. 30, 2014
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties. The day after the grain terminal deal was announced, the ILWU and the Pacific Maritime Association, which represents employers in negotiations with the union on a coastwide container contract, issued a joint statement that the parties had reached a tentative agreement on health benefits. The joint release was but the latest indication that these talks are proceeding much less contentiously than negotiations in 2002 or 2008.
Port de Djibouti
28 Aug 2014
China Merchants Holdings (International) is the second state-owned terminal operator to post positive first half results with total container throughput rising by 18 percent to 38.5 million TEUs, consolidating its position at the top of the mainland’s port operator table.
27 Aug 2014
Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics.
27 Aug 2014
CMA CGM has joined other major liner operators in imposing congestion surcharges on inbound inland containers handled at the ports of Jawaharlal Nehru (Nhava Sheva) and Pipavav, India’s leading container hubs, to compensate for the extra costs caused by intermodal delays.
Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU.
27 Aug 2014
Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts.
Vietnam Airlines aircraft. Photo: Vietnam Photography / Shutterstock.com.
27 Aug 2014
A quarter of Vietnam’s trade by value is shipped by air, and the International Air Transport Association (IATA) expects the country to be the world’s fastest-growing air cargo market over the next three years, expanding at 6.6 percent a year.
27 Aug 2014
The peak season is looming over the congested port of Manila as it continues battling to clear cargo and empties before a wave of Christmas container volumes starts arriving in the next two weeks.
26 Aug 2014
Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.
Asian Gypsy Moth
26 Aug 2014
Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.
26 Aug 2014
CSAV has announced plans to introduce a new weekly service, the IMEX Sling 1, connecting the Indian subcontinent, the Middle East and North Europe, starting in late October.
Qingdao Qianwan Container Terminal
26 Aug 2014
Robust container throughput in the first half drove up Cosco Pacific terminal revenue by 18.9 percent as strengthening trade saw a total of 32.48 million 20-foot containers crossing the state owned group’s wharves.