One shipping line is based in Singapore and the other in Hong Kong, but the interim results of APL and OOCL have revealed the importance of managing costs in the current weak freight rate environment.
08 Aug 2014
Singapore logistics group CWT has announced plans to develop a 2.2-million-square-foot integrated warehouse and container port logistics complex at Jalan Buroh in the Jurong Port area of the city.
07 Aug 2014
Rickmers Maritime’s profit more than doubled in the second quarter as the Singapore-based container shipowner got a 20 percent discount on an early loan repayment.
07 Aug 2014
NOL Group today posted a second-quarter net loss of $54 million as container volume carried by its liner shipping division APL fell 6 percent, mainly due to the lower-yield backhaul and Asia-Middle East trades.
01 Aug 2014
Regional Container Lines has reorganized the port rotation of its Manila-Singapore (RMN) Service by adding a call at Batangas, Philippines, in an effort to circumvent growing delays at the nearby port of Manila.
31 Jul 2014
Singapore Airlines had a bad start to its financial year, ending the first quarter with earnings down 70 percent as yields weakened in the face of intense competition from regional and Middle East airlines.
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.