Asia

Asia

06 May 2015
Saying that predictions of 20 percent over-capacity on all-water services to the East Coast this year “were based on faulty assumptions,” a carrier discussion agreement in the eastbound Pacific is recommending two general rate increases and a peak season surcharge.
06 May 2015
Logistics providers out of India’s largest container port complex — Jawaharlal Nehru Port Trust — are again reporting abrupt terminal gate closings and long truck waits, even as the stakeholders put in place a spate of proactive steps to streamline gate activity and truck flow in the past few months.
06 May 2015
Container lines hoping to see freight rate increases supported by a significant rise in export orders will be disappointed by data emerging from the giant Canton Fair in Guangzhou as transaction volumes, numbers of visitors and value of deals were all down compared to last year’s event.
05 May 2015
Fresh off the announcement of yet another acquisition, XPO Logistics’ hunger can’t be sated with CEO Bradley Jacobs eying more deals in Europe and North America.
05 May 2015
Eastbound trans-Pacific liner reliability has improved for the first time this year, but liner reliablity on the opposing direction fell to the lowest point since JOC.com began collecting SeaIntel data in August 2011.
05 May 2015
Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
05 May 2015
The export growth rate of emerging markets in the last 20 years will not be seen in the next two decades as rising wages make outsourcing less attractive and new technologies such as 3D printing start to gain more traction, according to researchers.
05 May 2015
There is little sign of China’s factories ramping up production for the mid-June start of the peak ocean shipping season as factory activity stumbles to its lowest level in a year.
04 May 2015
Trans-Pacific ocean carriers have been digging in their heels to get rate increases in their 2014-2015 trans-Pacific ocean contracts and have been getting increases in some cases, especially on routes from Asia to East Coast ports. But rates negotiated for shipments from Asia to West Coast ports have been flat or lower than last year in some cases when bunker fuel surcharges are included in the rate.
04 May 2015
Capacity additions coupled with higher cargo volumes fueled a 33 percent year-over-year jump in Adani Ports and Special Economic Zone’s consolidated net earnings in fiscal year 2014-15, which ended March 31.
04 May 2015
The first major step towards Indonesia’s goal of building a huge maritime network across the island nation will be made later this year when the Indonesia Ports Corporation (IPC) nominates a single contractor to deliver 35 new or improved ports.