China

China

Maersk McKinney-Moller
19 Aug 2014
Maersk Line and Mediterranean Shipping Co. do not require regulatory approval from China for their proposed “2M” vessel sharing agreement on the east-west trades, Maersk Line said today.
19 Aug 2014
The findings of a Chinese Ministry of Transport probe into rate filing by container lines and NVOCCs in the China-Japan market are expected to be released shortly. The case is being watched closely by foreign carriers to see whether China applies the same standard to its own carriers as it did to the erstwhile P3 Network.
Kerry Logistics chairman George Yeo and group managing director and executive director William Ma announce the company’s results.
18 Aug 2014
Kerry Logistics reported an 8 percent increase in net profit for the first half as its integrated logistics segment showed solid growth in China and across ASEAN.
18 Aug 2014
Shanghai International Port (Group) is calling for tenders as it prepares to offload a 20 percent stake in a container terminal joint venture with Hutchison Port Holdings.
Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
The SCFI Shanghai-U.S. East Coast rate slipped just 0.2 percent week-to-week to $4,178 per 40-foot container.
15 Aug 2014
Growing volumes to the U.S. East Coast caused by cargo diversions and peak-season demand have buoyed spot rates on the lane.
14 Aug 2014
Both UPS and FedEx have received long-awaited approval from the Chinese government to widen operations in the country.
U.S. waterborne containerized imports of auto parts were up 7.9 percent in the second quarter of 2014.
14 Aug 2014
Containerized auto parts imports into the United States continued to trend upwards in the first half of 2014, in a market that has seen growth of over 10 percent in the past two years.
12 Aug 2014
As exports originating in China’s interior continue to grow, Agility inked a deal with Shanghai International Port Group Logistics, in order to strengthen its capabilities in the Yangtze River region.
CMA CGM was correct in saying its PEX3 service had the fastest transit time from Yantian to Los Angeles at 13 days.
11 Aug 2014
It is becoming increasingly difficult for a shipper to determine which carrier in the eastbound trans-Pacific has the fastest transit time between two given ports, according to a new analysis from SeaIntel, a consulting firm.
10 Aug 2014
Shanghai Pudong International Airport Cargo Terminals Co. Ltd (PACTL) reported 23 percent growth in air freight throughput in July year-over-year as strong demand from international markets continued.