Asia

21 Jul 2017
"It’s unethical,” says the Shippers Council of Bangladesh chairman.
07 Aug 2015
The rumor that China’s two main shipping lines, Cosco and China Shipping, planned to merge was again wreaking havoc with the financial markets today as stock prices for the state-owned companies soared enough to lead to a trading halt.
07 Aug 2015
The Georgian government expects annual container traffic through the country’s seaports to roughly double to 1 million 20-foot-equivalent units by 2020, due to growth in the region and the expansion of it two major seaports, Poti and Batumi.
07 Aug 2015
The growth of e-commerce in China’s rural areas is outpacing that in major cities with Alibaba Group estimating the potential market in the countryside could be as much as $70 billion by next year.
07 Aug 2015
Hanjin Shipping became the latest container carrier to report a solid second quarter as lower bunker fuel prices, trimmed routes and an appreciating currency enabled the line to post a $94 million net profit.
06 Aug 2015
The Chinese government is prohibiting some port service charges and reducing the costs of others in an attempt to galvanize container shipping as the as the country’s container volume growth slows due to reduced global demand.
06 Aug 2015
Expeditors International made more gains in air freight and ocean container volume in the second quarter, despite the fading impact of the West Coast port crisis, which gave trans-Pacific air cargo more lift. That helped the forwarder boost both net revenue and profit.
06 Aug 2015
Gateway Terminals India, the largest container facility in the Jawaharlal Nehru Port Trust, remained closed to all shipping activities for the third consecutive day Thursday due to labor troubles, leaving beleaguered ocean carriers scrambling for alternative berthing options and shippers’ cargo stranded at the country’s busiest container port. Other terminals are also facing congestion on connecting arteries.
06 Aug 2015
The latest multimodal option introduced to the One Belt, One Road trade initiative linking China and Europe comes from the Caspian Sea port of Baku in Azerbaijan that this week greeted the arrival of its first block train.
05 Aug 2015
E-commerce could be improving food safety in China. Cainiao, the logistics affiliate of online retailer Alibaba, plans to build fresh-food distribution centers in Beijing, Shanghai and Guangzhou. The three DCs will support cold-chain delivery of fresh food purchased on Taobao Marketplace and Tmall.com within 24 hours, with options for delivery on specific dates and times, as well as night delivery.
04 Aug 2015
U.S. scrap metal exports took a tumble in the first half of 2015 and are expected to fall even more by year’s end, as the strong U.S. dollar continues to weigh on all American exports.