Asia

Asia

02 Sep 2014
A group of Thai shippers said it expects exports to grow no more than 1 percent this year, in another worrying sign that Thailand’s economy is struggling in the wake of a military coup in May, Reuters reported.
01 Sep 2014
Deutsche Post DHL will use India to pilot the development of its e-commerce business model for the Asia-Pacific region via subsidiary Blue Dart Express.
01 Sep 2014
Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier’s financials despite the line posting a pre-tax profit.
Cosco Philippines
31 Aug 2014
Cosco Container Lines (Cosco) is placing an order for five 14,000-TEU vessels as it continues with an aggressive tonnage scrapping programme to revitalise both its fleet and its flagging profits.
31 Aug 2014
Sical Logistics Ltd., India’s leading multi-modal logistics provider, is selling its 40.92 percent stake in Ennore Automotive Logistics, an automobile port yard joint venture with Japanese shipping group Mitsui O.S.K. Lines.
31 Aug 2014
The 13 ports owned by the national government in India are “wilting under the onslaught of competition from new private ports,” being way behind in areas like dredging and losing substantial market share over the past 20 years, according to LiveMint, a financial news service.
30 Aug 2014
The race is on to clear Manila’s congested terminals before the arrival of Christmas cargo at the Philippine’s main import-export gateway in early September.
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.
29 Aug 2014
The Indian federal government has approved a proposal to delegate more project approval authority to the Ministry of Road Transport and Highways in a bid to minimize delays in awarding of concession contracts.
29 Aug 2014
At least two ocean carriers are cutting intermodal fuel surcharges for dry and refrigerated shipments to and from the United States, effective Oct. 1, as a result of falling diesel prices.
The spot rate to the U.S. East Coast was $4,344 per 40-foot container this week.
29 Aug 2014
While some September 1 general rate increases seem to be successful, others have not taken hold, and spot rates in those lanes may drop to new lows.