The long running investigation into Asia forwarders fixing fees and surcharges on Japan-Singapore routes between 2002 and 2007 was finally brought to a close with the Competition Commission of Singapore (CCS) handing out $5.4 million in fines.
12 Jul 2014
Shipper groups began to react cautiously to the planned 10-year vessel-sharing agreement proposed by Maersk Line and Mediterranean Shipping Co. on east-west trades, dubbed “2M.”
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.
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.
18 May 2014
Singapore’s rising prominence as a strategic logistics hub for Southeast Asia was further illustrated by the recent investment in warehouse and distribution facilities in the city-state by DHL and Menlo Logistics.
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.”