Asia-Mediterranean spot rates rose sharply on the back of May 1 general rate increases this week, but a host of GRIs on the Asia-Europe trade were unable to stem the sliding container prices, according to the Shanghai Containerized Freight Index (SCFI).
China Cosco Holdings reported a first-quarter loss of $166 million just hours after being forced to make its second unusual trading announcement of the month as rumors that the carrier would be...
Global Logistics Properties (GLP) this week signed new lease agreements in China totaling more than 1.5 million square feet with retailers and third-party logistics providers.
The frustration of Hong Kong’s container terminal operators was evident in a local newspaper column by the industry association head urging the government to implement its own recommendations to keep...
Mega-vessels deployed in the Asia-Europe trade are overlapping intra-Asia routes and compounding the influx of capacity cascading into the regional trade from oversupplied east-west routes.
The bull run enjoyed by Asian air cargo since the last quarter of 2014 could not last forever, and after a robust first two months of the year, sharply slowing demand in March brought the business...
China Shipping Container Lines in the first quarter continued its profitable turnaround that began with a positive 2014 annual result, reporting a 305 percent increase in net profit to $40 million.
Hutchison Port Holdings Trust recorded a fall in first-quarter net profit of 49 percent, as a one-off gain in March last year and slowing foreign trade hit the performance of its Pearl River Delta...
Cosco Pacific shrugged off concerns of a slowing China as its first-quarter net profit surged almost 20 percent and container volumes grew by 6.6 percent compared to the first three months of last...
Forget faster shipping services and press container lines for better reliability is the advice from Drewry to shippers prepared to pay a premium for expedited options.
Huge feeder networks required to serve the mega-vessels calling at Singapore and the growing number of connections generated by shipping alliances are placing the port under growing pressure.
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