Records are tumbling at Asia’s air freight hubs of Shanghai and Hong Kong this year, with double-digit growth reported at the main terminals in November and for the year-to-date.
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
15 Dec 2014
Trans-Pacific shipments between Hong Kong and fast recovering North American markets drove up Cathay Pacific cargo throughput in November, with the strong demand expected to last deep into the final month of the year.
12 Dec 2014
One of the effects of larger vessels being deployed is that transshipment hubs will see fewer vessels making calls, but they will stay for longer and generate more container volume, a trend that is becoming more evident in Hong Kong.
09 Dec 2014
Almost half the container vessels arriving at the Asian ports of Ho Chi Minh City, Manila and Nhava Sheva between Oct. 15 and Nov. 15 were delayed more than 12 hours, and one third of the arriving ships faced delays of more than 24 hours, CargoSmart has found.
08 Dec 2014
Hong Kong’s long-discussed container terminal 10 may finally be axed after the latest port master plan study found that throughput growth had slowed to such a degree that it was not financially or economically viable.
04 Dec 2014
Hong Kong’s rapid transition into a transshipment hub has been driven in part by the high cost of exporting South China containers through the port compared to neighbouring Shenzhen, but losing direct export cargo removes a key revenue source for shipping lines.
02 Dec 2014
The critical levels of congestion frustrating shippers and carriers in Hong Kong has lent an urgency to the findings of a government study recommending more land being made available to cope with growing transshipment volumes, increased barge traffic and a shortage of yard space in the port.
21 Nov 2014
Construction on the controversial Nicaragua canal linking the Atlantic and Pacific oceans will begin on Dec. 22 on the Pacific side, according to the government officials.
17 Nov 2014
Hong Kong’s container volumes continued to fall, down 3.5 percent in October and the fourth straight month the transshipment hub has recorded declining throughput.
12 Nov 2014
Drewry's benchmark spot rate from Hong Kong to Los Angeles lost all pricing gains associated with an Oct. 15 trans-Pacific general rate increase, and will rely on next week's Nov. 15 GRI to make up some ground.
05 Nov 2014
DHL has launched a new intra-Asia freighter flight connecting the economies of Thailand, Vietnam, and Hong Kong as the global express services provider responds to increasing business within Southeast Asia.