Drewry’s Hong Kong-Los Angeles Container Rate Benchmark rose $250 this week, achieving almost 63 percent of a proposed $400 per-40-foot-container general rate increase by USL and CMA CGM set for May 21.
Asia
Press Releases
22 May 2013
Containerized export volume from Europe to North America reached 322,300 20-foot-equivalent units in March, its highest volume since July 2012 and the second highest volume in this lane since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics, Ltd.
22 May 2013
Mediterranean Shipping Co. will increase rates for all dry and refrigerated cargo on its trade from Limassol, Cyprus, to any destination in the Far East, beginning June 1.
21 May 2013
India and China have signed three memorandums of understanding regarding buffalo meat, fisheries and pharmaceuticals, as well as one agreement on feed and feed ingredients...
21 May 2013
Cargo throughput at Hong Kong International Airport reached 342,000 metric tons in April, up 4.5 percent year-over-year.
21 May 2013
Kerry Logistics has deployed three hybrid electric vehicles (HEVs) as part of a pilot program under the auspices of Hong Kong’s government.
21 May 2013
United Arab Shipping Co.’s ship Asir, which was crippled by an explosion that occurred in its engine room on May 11, has been moved to Jeddah, Saudi Arabia, by two tugs from Smit Salvage.
21 May 2013
Polar Air Cargo plans to upgrade its 767 intra-Asia services and 747 trans-Pacific services, starting in early June.
21 May 2013
Finnair Cargo will add more air freight capacity to and from Brussels, starting June 6.
21 May 2013
The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports.
21 May 2013
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
Is Your Supply Chain Costing You Money?
Best Practices for Building a Resilient Supply Chain
Bridge the Gaps in Your GTM Operations with Gartner Research