Asia

Asia

China
28 Jul 2014
If the negative portrayal by China’s state broadcaster of the proposed 2M tie-up between Maersk Line and Mediterranean Shipping Co. this weekend has official backing, it could be an indication of internal political pressure to shield Cosco and China Shipping Container Lines from a stronger competitor.
Spot rates from Shanghai to Northern Europe sank 5.5 percent to $1,230 per TEU this week.
18 Jul 2014
Instability in the spot rate market continued this week, as spot rates from Shanghai to northern Europe, the Mediterranean and both coasts of the United States sank yet again...
17 Jul 2014
India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...
17 Jul 2014
India’s largest port infrastructure developer, Adani Ports, has received government approval for its "special economic zone" project at the Port of Mundra,
17 Jul 2014
When Cathay Pacific left Hong Kong Air Cargo Terminals (Hactl) a year ago to start its own freight busines
17 Jul 2014
Zim Integrated Shipping Services said it finalized its debt restructuring deal after its parent Israel Corp. invested $200 million of new equity into the ocean carrier.
The spot rate from New York to Rotterdam sat at $1,307 this week, down 19.7 percent year-over-year.
17 Jul 2014
Spot rates from Shanghai to Rotterdam, the Netherlands, eroded this week, losing 35 percent of the gains it garnered in the last two weeks.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose to $1,900 per 40-foot container this week.
16 Jul 2014
Attempts by the trans-Pacific carriers to institute a two-tiered July general rate increase fell just short of realization...
16 Jul 2014
Buoyed by continued strength in imports from Asia, the Transpacific Stabilization Agreement today recommended that carriers in the eastbound trans-Pacific increase their freight rates...
Akbar Al Baker, CEO of Qatar Airways, announcing the largest single aircraft order in the airline’s history, alongside Ray Conner, Boeing Commercial Airplanes’ president and CEO.
16 Jul 2014
Qatar Airways today said it plans to order four new Boeing 777 freighters with an option for four more, bolstering its ambitious bid to become a Top 5 cargo airline by 2018.
16 Jul 2014
Hong Kong-listed shipping line OOCL and Dubai-based Etihad Airways have not yet been officially informed of a Bangladesh high court ruling that accuses them of evading taxes and money laundering...