A week after announcing its formation, a new shipper coalition in Shanghai lambasted container lines for focusing on price to the detriment of service.
10 Feb 2015
A weakening Chinese economy in January was not enough to hold back Shanghai’s container volumes as the busiest port in the country handled 3.16 million 20-foot containers during the month, a year-over-year increase of 5.3 percent.
05 Feb 2015
The Shanghai Shipping Freight Exchange has completed the first trading of container shipping capacity in foreign trade included in a forward agreement contract, but futures contracts in container shipping internationally have been very slow to take off.
05 Feb 2015
Global Logistics Properties (GLP) completed 6.8 million square feet of developments in China at a total investment cost of $308 million during the third quarter of its financial year.
04 Feb 2015
The first sailing of MCC Transport’s new direct service between China and Myanmar is on the water as the sister company of Maersk Line moves to capitalise on growing trade between the two nations.
02 Feb 2015
The world’s longest rail freight service — between China and Spain — has been put on hold because it hasn’t attracted cargo for its maiden return journey from Madrid.
01 Feb 2015
An expected spike in China’s factory production in January in the buildup to a late Chinese New Year failed to materialize, with the official purchasing manager’s index (PMI) falling to a level not seen since 2012.
30 Jan 2015
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).
29 Jan 2015
Apple has released its smartphone data for the fourth quarter of 2014, and while soaring sales of the iPhone 6 doubled its market share in China, the numbers also illustrate the close correlation between the air cargo industry and the constantly evolving mobile phone business.
29 Jan 2015
China once again delayed implementation of its advanced vessel manifest filing rule, putting off a requirement that if and when implemented will require shippers to submit shipping instructions to their carriers days earlier than they do currently.