China

China

15 Sep 2014
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.
Cosco Indian Ocean at Felixstowe
28 Aug 2014
China Cosco Holdings saw its first-half losses soar to $338 million as a difficult shipping environment and the disposal of vessels dragged its year-over-year net profit down by 130 percent, despite solid growth in container volumes.
28 Aug 2014
Rising revenue at Air China in the first half was not enough to lift cargo yield into positive territory, and the mainland carrier struggled against stiff competition and a weakening RMB-U.S. dollar exchange rate.
28 Aug 2014
The container sale and leasing business is not benefiting from rebounding trade volumes on major east-west routes as low rental yields and falling prices in a lacklustre shipping environment put the squeeze on the global market leaders.
Port de Djibouti
28 Aug 2014
China Merchants Holdings (International) is the second state-owned terminal operator to post positive first half results with total container throughput rising by 18 percent to 38.5 million TEUs, consolidating its position at the top of the mainland’s port operator table.
27 Aug 2014
Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics.
26 Aug 2014
Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.
Asian Gypsy Moth
26 Aug 2014
Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.
Qingdao Qianwan Container Terminal
26 Aug 2014
Robust container throughput in the first half drove up Cosco Pacific terminal revenue by 18.9 percent as strengthening trade saw a total of 32.48 million 20-foot containers crossing the state owned group’s wharves.
Containers in port
25 Aug 2014
Cargo is being rolled and space allocations are being cut on trans-Pacific eastbound services as capacity continues to tighten to the U.S. East Coast. Space to the U.S. West Coast is also extremely tight, shippers say, reflected in stronger volumes moving through West Coast ports.
24 Aug 2014
Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.