Simatech has received the first of two new container ships with capacities of 4,350 twenty-foot-equivalent units, reflecting continuing and rapid intra-Asia trade demand.
22 Jun 2015
An Indian-flagged cargo vessel carrying containers sank in the early morning hours of Monday about 40 nautical miles off the Mumbai coast, according to Indian maritime agencies.
17 Jun 2015
A new weekly intra-Asia service will give Indonesian and Malaysian shippers better access to the transshipment hubs of Singapore and Port Klang, Malaysia starting later this month.
05 Jun 2015
LONDON –The intra-Asia trade will continue to drive container ship demand as carriers launch new services across the region, according to Alphaliner.
04 Jun 2015
China United Lines, part of Unitrans Group, has become the latest ocean carrier to try to tap growing demand on the intra-Asia trade lane by introducing a direct service between India and China.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
09 Mar 2015
Orient Overseas Container Line (OOCL), the container transport division of Hong Kong-listed OOIL, reported a 161 percent increase in its 2014 net profit, driven by a sharp 10 percent drop in bunker costs and solid increases in revenue and volumes.
13 Jan 2015
China’s exports in 2014 recorded the second slowest growth since the country joined the World Trade Organisation in 2001, rising just 6.1percent as overall trade growth for the year slumped to 3.4 percent.
18 Dec 2014
Strong growth in the Southeast Asia container trades will be a key focus for Maersk Line’s new Asia-Pacific chief executive Lars Mikael Jensen, who was appointed regional head in September.
17 Dec 2014
Manila’s efforts to clear the backlog of containers congesting the port are being threatened by the Christmas and New Year holidays that the Philippine Ports Authority fears could bring the yard utilisation back to congestion levels.
04 Dec 2014
Less than container load specialist AGS World Transport is growing its Intra-Asia business at “double digit” levels that it expects to extend through 2015 as trade expands across the region.
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.