Asia

Asia

26 Nov 2014
An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.
19 Nov 2014
There is still no end in sight to the port of Manila congestion more than six months after an ill-considered truck ban quickly began to see containers stacking up at the two main terminals in the Philippine capital.
19 Nov 2014
Air cargo is going through a period of adjustment that will keep profitability largely out of reach for the world’s carriers until more of a balance is achieved between cargo capacity and demand.
Yusen Logistics warehouse
18 Nov 2014
Yusen Logistics has opened a new warehouse in Vietnam’s Hai Phong City to tap growing electronics and auto manufacturing production in the country’s northern region.
18 Nov 2014
As least seven carriers have suspended newly announced port congestion surcharges on cargo heading from Asia to the U.S. West Coast, likely resulting from importer pushback and U.S. regulatory scrutiny.
18 Nov 2014
Two global logistics companies will set up shop in the Goodman Group’s newly-constructed Xiqing Logistics Park in Tianjin, reflecting the demand for modern warehousing to serve booming Chinese e-commerce business.
18 Nov 2014
India’s global merchandise exports in October fell for the first time in seven months on a year-on-year basis, primarily due to a sharp decline in engineering shipments, according to provisional government statistics.
18 Nov 2014
Jawaharlal Nehru Port Trust (Nhava Sheva), India’s largest container handler, received the regulatory go-ahead to levy a new user fee to fund its “logistics data bank” project, a data processing center to track the movement of containers.
18 Nov 2014
A system aimed at expediting the customs clearance of goods traded between members of the Association of Southeast Nations will get its first test in in Malaysia, Singapore and Thailand.
17 Nov 2014
The operator of a fixed-day weekly container train recently launched between the Russian Far East and Moscow, which has handled just 1,800 TEUs to date, says heavy demand is leading it to consider doubling capacity with a second service.
17 Nov 2014
Hamburg Süd last week took delivery of the last of three 9,034-TEU ships and christened the second of them in Singapore and deployed it on its service between Asia and the East Coast of South America.