HONG KONG — The Philippines Ports Authority (PPA) estimates there are about 20,000 containers being held up at the ports of Hong Kong, Singapore and Kaohsiung that cannot enter Manila because of the congestion choking the terminals.
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.
15 May 2014
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
14 Apr 2014
With productivity a growing battleground among container terminals, Singapore is making a high-profile research investment to ensure its port, the world’s second busiest, remains competitive.
08 Apr 2014
A high-powered Singapore business delegation left for China’s Shandong Province today on a mission to boost exports to the country and attract investors.
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.
03 Apr 2014
DHL Global Forwarding, named on April 1 by Singapore’s competition watchdog as one of 11 forwarders involved in 2002 to 2007 price-fixing of Japan to Singapore shipments, said the economic effects of its activities were “minimal.”
19 Mar 2014
The port of Hong Kong, which is already losing container market share to rival Chinese ports, faces further “significant” decline in volume following the launch of the P3 Network alliance...
17 Mar 2014
U.S. containerized exports slipped 1.2 percent year-over-year in January to 958,708 TEUs...
24 Feb 2014
CMA CGM has launched the Equatorial Guinea Express, a weekly, direct service from Tanger-Med to the ports of Bata and Malabo in Equatorial Guinea.
20 Feb 2014
NOL Group posted a fourth quarter loss of $137 million, which was $46 million bigger than the $91 million loss in the same period last year, as revenue from its container shipping business was hit by overcapacity and falling freight rates.