Asia

Asia

Japan flag
20 Aug 2014
Japan’s exports to the United States rose for the first time in three months in July on a year-on-year basis despite a sharp decline in auto shipments, according to preliminary trade figures released by Japan’s Finance Ministry.
Indian Prime Minister Narendra Modi speaking after laying the foundation stones of the Jawaharlal Nehru Port Trust Special Economic Zone and Port Connectivity Road on Aug. 16, 2014.
17 Aug 2014
Jawaharlal Nehru Port Trust (Nhava Sheva) broke ground Aug. 16 on its long-awaited special economic zone project, a port-based multi-product export processing center that is expected to help India’s largest container gateway boost its export volumes.
Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
The SCFI Shanghai-U.S. East Coast rate slipped just 0.2 percent week-to-week to $4,178 per 40-foot container.
15 Aug 2014
Growing volumes to the U.S. East Coast caused by cargo diversions and peak-season demand have buoyed spot rates on the lane.
15 Aug 2014
Shreyas Shipping and Logistics has introduced a fortnightly coastal container service between West India and South India, adding capacity on the trade route the Mumbai-based feeder line already serves with a weekly service.
15 Aug 2014
Shipping Corp. of India has denied that it is planning to shutter its liner division, but did say it was reviewing the segment’s performance and eyeing ways to increase its profitability.
14 Aug 2014
Both UPS and FedEx have received long-awaited approval from the Chinese government to widen operations in the country.
U.S. waterborne containerized imports of auto parts were up 7.9 percent in the second quarter of 2014.
14 Aug 2014
Containerized auto parts imports into the United States continued to trend upwards in the first half of 2014, in a market that has seen growth of over 10 percent in the past two years.
13 Aug 2014
Hong Kong-flag carrier Cathay Pacific reported today that its group profit skyrocketed more than 14-fold in the first half of 2014 from a year earlier...
Drewry’s benchmark spot rate from Hong Kong to Los Angeles dropped 4.6 percent week-to-week, falling to $2,075 per 40-foot container.
13 Aug 2014
Big gains in the spot rates from Hong Kong to Los Angeles began to erode this week, as a benchmark of the rate to the U.S. West Coast dropped $100 per container.
Airplane taking off
13 Aug 2014
Air freight rates are steadily climbing as demand creeps upward, leaving airline heads optimistic about the second half of 2014.