Asia

17 Apr 2014
The rise in labor costs in China and other countries has led to the inclusion of more countries in the global supply chain, but a Standard Chartered report argues that the pace of manufacturing’s migration to lower-cost countries will be slow, especially for higher-value goods.
08 Apr 2014
A high-powered Singapore business delegation left for China’s Shandong Province today on a mission to boost exports to the country and attract investors.
08 Apr 2014
Manila’s heavy vehicle access restrictions, imposed in February to help ease the city’s notorious gridlock, are frustrating the Philippine shipping and logistics industry.
08 Apr 2014
Australia has secured a significant competitive advantage in the lucrative Japanese beef market over its main rival, the United States.
U.S. containerized exports through February 2014. Source: PIERS, the Data Division of JOC Group Inc.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
07 Apr 2014
Hapag-Lloyd was first carrier to announce the westbound May rate increases even as April 1 GRIs struggle to lift a market weighed down by overcapacity and weak demand.
07 Apr 2014
Foreign investment in the five founding members of ASEAN, the Association of Southeast Asian Nations, last year topped $128.4 billion, five times the 2001 level, Merrill Lynch economist Chua Hak Bin said in a report carried today by the South China Morning Post.
Valencia’s Port Container Terminal
07 Apr 2014
A consortium of Japan’s Mitsubishi Corp. and Kamigumi Co. has acquired a 25 percent stake in Spanish container terminal operator TCV Stevedoring Company S.A. (TCV), Mitsubishi said today.
07 Apr 2014
Gefco, the global auto logistics group, posted record revenue of €4 billion ($5.5 billion) in 2013 and said it plans to double sales by 2020 by spreading its geographical footprint and moving into new industrial sectors.
07 Apr 2014
The Marine Department is waiting for the owners of the Hansa Constitution, which ran aground on the south side of Hong Kong island yesterday, to make a decision on how the vessel’s cargo of containers will be removed.
06 Apr 2014
The German-flagged container ship Hansa Constitution veered off course in the busy Lamma Channel off Hong Kong and ran aground on Sunday afternoon.

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