Asia

Asia

Ocean carrier rate revision roundup for Oct. 31
31 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
31 Oct 2014
Japan Airlines reported group net profit of 80.3 billion yen ($723 million), a drop of 2 percent year-over-year in the first half of fiscal 2014, despite a sharp rise in international cargo revenue.
30 Oct 2014
ANA Holdings’ international cargo revenue surged more than 20 percent year-over-year in the first half of fiscal 2014, contributing to a big jump in the largest Japanese airline group’s net profit in the April-September period.
30 Oct 2014
Hapag-Lloyd again raised its “on-carriage congestion surcharge” for import shipments handled at Jawaharlal Nehru Port (Nhava Sheva), indicating that India’s largest container handler is still battling clogged railyards and that equipment turn times for ocean carriers have yet to improve.
30 Oct 2014
Russia, struggling after it enforced food embargoes on European Union countries, is ramping up its chicken imports from Brazil, registering a massive 291 percent year-over-year increase in imports of the white meat in September.
30 Oct 2014
The Hong Kong government is facing mounting pressure from container terminal operators and shippers as the port struggles to cope with congestion that remains at critical levels and is delaying ships and disrupting schedules.
29 Oct 2014
Only a few Chinese port cities and provinces have started to plan to regulate sulfur oxide emissions from cargo
29 Oct 2014
Chinese package delivery company S.F. Express was the fastest-growing global transportation company in 2013, increasing revenue 40.6 percent in a year when the 50 largest transport operators saw revenue go flat.
Yangtze River
29 Oct 2014
A major new initiative has been launched to upgrade infrastructure and the logistics network along the Yangtze River, an undertaking that will impact almost half of the country’s population.
28 Oct 2014
Global Logistic Properties (GLP) has announced its second giant investment this week, pouring $138 million into a Japanese joint venture development that will be matched by long term partner Canada Pension Plan Investment Board.
28 Oct 2014
Flames raged aboard two container ships, one from UASC, another from Hamburg Sud on Monday after the ships collided at Port Klang near Kuala Lumpur.