Asia

Asia

17 Sep 2014
The Manila truck ban that was imposed by the city in February and led to the worst congestion the port has experienced, created food shortages and pushed up prices of consumer goods has been lifted.
17 Sep 2014
China Cosco Holdings will splash out $618million on five 14,500 TEU vessels that will be built by CSSC’s Jiangnan Changxing Shipbuilding yard as the mainland’s largest carrier continues to upgrade its fleet in an attempt to arrest declining profitability.
17 Sep 2014
China-Europe rail services continue to grow in popularity with DHL the latest forwarder to offer a new weekly scheduled block train from Suzhou to Poland.
17 Sep 2014
China’s top port operator and an engineering group will invest $601 million in a container terminal at Sri Lanka’s Hambantota port, as China seeks to deepen its ties with the strategically placed Indian Ocean island.
Singapore
16 Sep 2014
Container handling rose nearly 2 percent in August at the world’s largest transshipment hub, the Port of Singapore.
cattle in Brazil
16 Sep 2014
The tit-for-tat imposition of embargoes between Russia and the West has opened the door for Brazil beef exporters to significantly expand shipments to Russia in recent months, with greater growth likely in 2015.
16 Sep 2014
Global Ports, Russia’s largest container terminal operator, reported a jump of 30 percent in profit for the first half of 2014, as favorable ruble-dollar exchange rate movements offset a drop in cargo volumes.
15 Sep 2014
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.
15 Sep 2014
Cargo owners of customs-cleared containers will be slapped with a $114 storage fee from Oct. 1 by the Philippine Ports Authority (PPA), regardless of whether their boxes are in the port of Manila or have been transferred to terminals in Subic or Batangas.
15 Sep 2014
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.
14 Sep 2014
An estimated 300,000 40-foot reefer containers are expected to be added to the global fleet by 2018 as strong demand for perishables drives the business and improving technology enables their long distance transport.