Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 May 2014
APM Terminals boosted first quarter operating profit to $215 million from $166 million a year ago as it added new terminals to a worldwide portfolio that is increasingly focused on growth markets.
19 May 2014
Transshipment hubs in South and Southeast Asia are pouring investment into expanding facilities and adding new equipment to handle the increasing size of container vessels, the new alliance groupings and steadily improving trade.
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
07 Apr 2014
Foreign investment in the five founding members of ASEAN, the Association of Southeast Asian Nations, last year topped $128.4 billion, five times the 2001 level, Merrill Lynch economist Chua Hak Bin said in a report carried today by the South China Morning Post.
27 Feb 2014
A planned new container facility at Port Klang will offer 30 million TEUs of extra capacity, according to government ministers.
30 Jan 2014
After 20 rounds of talks, the U.S., Japan and 10 other Pacific Rim countries are poised to deliver the text of the far-reaching Trans-Pacific Partnership. The TPP could become reality this year, but will the reality match the hype?
22 Jan 2014
Menlo Worldwide Logistics has opened a new warehouse in Selangor, Malaysia, as part of its expansion plans.
15 Jan 2014
As part of a slot sharing agreement, seven container lines will cooperate on three existing Far East-to-Indian subcontinent services, effective in February 2014.
15 Jan 2014
Global piracy fell to a six-year low in 2013 as international navies and private security guards significantly reduced attacks by Somali pirates, the International Maritime Bureau reported.