13 Jul 2014
A consortium of Japan’s Mitsui & Co. and Mitsubishi Estate Co. has agreed to acquire a significant stake in a logistics facility developing subsidiary of Beijing Properties (Holdings) Ltd.
18 Jun 2014
From initial announcement to abandonment, the P3 Network's career was crowded into just 12 months. Our slideshow reviews the major developments in the story over the past year.
17 Jun 2014
In a statement published on its website rejecting the proposed P3 Network, the Chinese Ministry of Commerce said the proposed alliance would be anticompetitive and not supportive of the “social public interest.”
17 Jun 2014
The three carriers of the now-defunct P3 Network said today that they will continue to push for improvements in container shipping efficiency and quality of service despite the shocking news this morning that their proposed mega-alliance was rejected by Chinese antitrust authorities.
17 Jun 2014
The rejection of the P3 shows how dominant the world’s largest carriers were set to become if their proposed mega-alliance took effect.
17 Jun 2014
The European Shippers Council signaled its broad support for China’s rejection of an application by Maersk Line, Mediterranean Shipping Co. and CMA CGM to join forces in the P3 Network.
17 Jun 2014
China’s rejection of the P3 Network is a blow to Maersk Line, which had expected the global container ship alliance to produce large savings, analysts say.
Spot rates from Asia to Europe were up for the second straight week in the week of June 13, 2014
13 Jun 2014
Spot rates from Asia to Europe were up for the second straight week, but carriers are still looking forward to a July general rate increase.
11 Jun 2014
The listing of Qingdao Port International on the Hong Kong Exchange has been completely overshadowed by the commodities financing scam that is rocking the Chinese banking sector, and investors have shown little interest in the Bohai Rim port operator.
American Airlines Boeing 777-300ER
10 Jun 2014
American Airlines is adding Hong Kong and Shanghai to its daily Asian routes this week as the carrier capitalizes on 12 consecutive months of air freight growth and improving yields.
U.S. containerized imports rose 5.9 percent year-over-year in May.
10 Jun 2014
U.S. containerized imports jumped for the third straight month in May, rising 5.9 percent year-over-year.