Asia

Asia

Ocean carrier rate revision roundup for Nov. 21
21 Nov 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.
21 Nov 2014
United Arab Shipping Co. plans to join the EPIC Service between the Indian subcontinent and North Europe operated until now independently by CMA CGM.
21 Nov 2014
All Nippon Airways Co. and United Airlines, both members of the Star Alliance global airline network, plan to launch a strategic air cargo joint venture on trans-Pacific routes, the first of its kind between the U.S. and Asia.
21 Nov 2014
The supply of land is the greatest challenge facing logistics property developers in China as they struggle to match supply of modern warehousing facilities to the demand being generated by a rapidly increasing consumer market.
21 Nov 2014
Container throughput at Shanghai edged closer to the 30 million TEU mark in October, with the 3.02 million 20-foot containers handled in the month putting the port on course to blow last year’s 33.6 million box record out of the water by the close of business in December.
21 Nov 2014
For a single product, the iPhone plays a leading role in Taiwan’s export orders, helping push the key economic indicator to a record $44.9 billion in October on demand for the smartphone and other consumer electronics.
Japan, US flags
20 Nov 2014
Japan’s trade surplus with the United States expanded for the second consecutive month in October on a year-over-year basis despite a double-digit rise in imports, as exports also posted robust growth, according to preliminary trade figures released by the Japanese Finance Ministry.
20 Nov 2014
DHL Supply Chain will expand its warehousing and transport capabilities in China by 50 percent over the next three years, investing $140 million in modern logistics facilities across the country to address huge demand for services from inland cities.
20 Nov 2014
Fresh from a dismal third quarter, freight forwarding and logistics provider Damco is expanding its multimodal presence in China’s electronics manufacturing hub of Zhengzhou.
19 Nov 2014
CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
Cranes
19 Nov 2014
Terminal operator Gulftainer is a step closer to readying its Al-Sharjah Emirati terminal for mega-ships after it received $60 million of new crane equipment for the Khorfakkan Container Terminal.