On the eve of a host of planned general rate increases, Asia-North Europe spot rates tumbled 8.2 percent this week, shedding most of the sharp gains made since mid-January, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).
21 Jan 2015
Total container throughput at China’s top 20 ports reached 175 million TEUs in 2014, an increase of 5.3 percent over the previous year as solid exports to the U.S. helped drive up the cargo numbers.
19 Jan 2015
Hong Kong port ended a year it would rather forget with annual container throughput falling for a third consecutive time, registering 22.2 million TEUs in 2014 that was down 0.3 percent on the previous year's numbers.
17 Jan 2015
Maersk subsidiary MCC Transport and China Shipping Container Line (CSCL) will both launch direct services between China and Myanmar on Jan. 24 to capitalize on growing trade between the two Asian nations.
16 Jan 2015
U.S. footwear import data have revealed the extent of the shift in sourcing that last year saw manufacturers steadily expanding production in Vietnam at the direct expense of China’s market share.
15 Jan 2015
Cathay Pacific and its sister airline Dragonair carried 1.72 million tons of cargo during 2014, a 12 percent increase over the previous year as the strong second half performance continued into December.
13 Jan 2015
China’s exports in 2014 recorded the second slowest growth since the country joined the World Trade Organisation in 2001, rising just 6.1percent as overall trade growth for the year slumped to 3.4 percent.
13 Jan 2015
Challenges remain for second-tier suppliers of major manufacturers in China’s inland production centres more than 14 years after the Go West policy was introduced to shift factories away from the wealthier coastal areas and boost the economies of its poorer central provinces.
12 Jan 2015
The Chinese government said it will ban imports of U.S. poultry and egg products because of recent detections of highly pathogenic avian influenza in backyard poultry and wild birds in the Pacific Northwest.
12 Jan 2015
Global Logistic Properties has signed new lease agreements in China for 1.1 million square feet in the past two weeks as the Singapore-listed developer continues to expand its distribution and e-commerce network in the country.
09 Jan 2015
Spot freight rates on the major east-west trades were predictably weak in the first full week of the year with demand dropping off before the Chinese New Year peak period begins later this month.