Asia

Asia

27 Apr 2015
Saudi Global Ports has opened its newest container terminal in Dammam’s King Abdul Aziz Port.
Port of Mumbai, India, container stacks
23 Apr 2015
In an attempt to lure more container cargo, India’s Mumbai Port Trust has extended its previously introduced trade incentive schemes for another year, ending in March 2016.
23 Apr 2015
Container shipping lines cannot get out of the large vessel arms race and excess capacity will be a permanent problem, according to Orient Overseas International Ltd. chairman Tung Chee Chen.
22 Apr 2015
Japan posted a monthly trade surplus for the first time in nearly three years in March, as exports grew on the back of a weaker yen, led by robust U.S.-bound shipments, while imports tumbled due largely to lower oil prices.
22 Apr 2015
India and Bangladesh agreed to extend an earlier protocol dealing with “inland water transit and trade” cooperation between the two countries, with provision for automatic renewal in line with a proposed amendment to the Bangladesh-India trade agreement, the Indian Ministry of Shipping said in a written statement.
20 Apr 2015
Third-party logistics provider C.H. Robinson Worldwide has opened the doors at two new global forwarding offices: one in Ho Chi Minh City and another in Antwerp.
20 Apr 2015
In a major setback for the new Narendra Modi-led Indian government’s aggressive effort to rev up the economy, the nation’s merchandise exports for fiscal year 2014-15, which ended March 31, fell far short of the targeted $340 billion, according to preliminary trade figures released by the Ministry of Commerce and Industry.
20 Apr 2015
Five more Chinese ports can now allow foreign-flag vessels to provide cabotage services to their container terminals.
20 Apr 2015
Kerry Logistics has formed a strategic partnership with China’s state-owned rail operator as it begins to tap into Beijing’s One Belt One Road national trade strategy that was announced in March.
20 Apr 2015
The saving grace for carriers on the Asia-Europe trade battling record low freight rates has been lower bunker costs, but even at their present lows, with weakening load factors many ships will not be covering their unit costs, according to Drewry.
19 Apr 2015
There is anecdotal evidence that the stunning new lows for container spot rates being recorded by indices covering the Asia-Europe trade do not reflect the actual level to which the prices have fallen.