Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier’s financials despite the line posting a pre-tax profit.
10 Aug 2014
Asia’s ports reported strengthening of container throughput in the first half as the economic recovery of the U.S. and Europe drove up consumer spending and new export orders flooded into Chinese factories.
24 Jul 2014
Malaysia’s Westports Holdings turned in an impressive first-half performance, with throughput rising 13 percent year-over-year and strong growth across all trade lanes.
11 Jun 2014
The cargo division of Malaysia Airlines has appointed an acting chief executive to replace Mohd Yunus Idris, who left the company this week.
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?