Intra-Asia

The intra-Asia trade extends from Japan and China to Myanmar and Indonesia. Home to some of the largest and fastest-growing economies in the world, intra-Asia trade is expected to continue strong because of the high level of manufacturing activity of goods for export, and the strong demand by the Asian middle class for imported goods made not just in North America and Europe, but from other countries in Asia.

For example, as reported by the JOC, Vietnam is China’s biggest trading partner in Southeast Asia, and trade between the two countries has been steadily growing over the recent years,” Naresh Potty, chief commercial officer of MCC told the JOC. “With direct connections and competitive transit times, shippers from China and Vietnam can reach their markets within a week.”

 

04 Mar 2016
Mundra, a privately-operated, minor cargo complex with modern infrastructure and ample hinterland connectivity, is emerging as an attractive port call for major container lines operating to and from India.
18 Jan 2016
Mitsui O.S.K. Lines, Wan Hai Lines, Interasia Lines and Pacific International Lines are expanding their current cooperation in trades to and from India by introducing a new intra-Asia loop, dubbed the China-West Coast India, or CIS, starting at the end of February.
12 Nov 2015
KMTC Line, South Korea’s third-largest container line and the country’s biggest player in the intra-Asia segment, is reviewing its fleet structure ahead of expected tougher conditions on intra-Asia routes next year due to rising capacity and sinking demand.
22 Sep 2015
The greatest risk facing container lines in the intra-Asia trade is port infrastructure that will struggle to support growing volumes in the region, believes Tim Wickmann, chief executive of MCC Transport.
10 Sep 2015
Sinokor Merchant Marine is the latest container carrier to try to tap growing demand on the intra-Asia trade by setting up cooperation agreements with current operators on the route.
04 Sep 2015
The KM Meratus Banjar 2 sank in the Java Sea, claiming the lives of two sailors.
24 Aug 2015
Short sea ship operator Herbilan Shipping is introducing a dedicated, regional container service between the Indian subcontinent and Myanmar to shorten transit times for shippers moving goods between each region.
20 Aug 2015
Singapore-based container carrier APL has introduced a new, dedicated intra-Asia service in another sign of the seemingly insatiable demand for services on the trade.
14 Aug 2015
Shreyas Shipping and Logistics swung to a Rs. 16.52 crore (about $2.54 million) net profit in the first fiscal quarter, from a loss of Rs. 19.66 crore ($3 million) a year earlier, as India’s fast-growing short-sea ship operator acquired new ships and significantly expanded its service network.
26 Jul 2015
Intra-Asia container shipping is swelling as manufacturing shifts from China to lower-cost countries, and may represent 25 percent of global container trade. In a global context, however, the trade is a 'blind spot' where accurate data and forecasts are hard to come by.
14 Jul 2015
Manufacturing changes in the next 15 years will keep intra-Asia as the world’s largest ocean container trade, representing 35 percent of global volumes, according to a study by the Shanghai International Shipping Institute.
01 Jul 2015
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.
Ocean carrier rate revision roundup for Nov. 21
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.
Ocean carrier rate revision roundup for Nov. 14
14 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.
Ocean carrier rate revision roundup for Nov. 7
07 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.
Ocean carrier rate revision roundup for Oct. 31
31 Oct 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.
Ocean carrier rate revision roundup for Oct. 10
10 Oct 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.
Ocean carrier rate revision roundup for Sept. 5
05 Sep 2014
Multiple container lines have planned general rate increases in numerous trade lanes in September and October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
03 Sep 2014
Congestion at ports across Asia is creating havoc with shipping schedules, forcing a major intra-Asia specialist to cancel rotations as it battles lengthy delays.
25 Aug 2014
Middle East-based Simatech Shipping has announced the launch of a fortnightly feeder service linking Dakshin Bharat Gateway Terminal, a new private facility in India’s Port of Tuticorin (V.O. Chidambaranar), with Colombo, Sri Lanka, starting this month.
Ocean carrier rate revision roundup for Aug. 22
22 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in the coming months, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
19 Aug 2014
Taiwanese ocean carrier Yang Ming Line has upgraded its intra-Asia service network to better meet growing demand in the region.
18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Acting OOIL CFO Alan Tung
11 Aug 2014
Hong Kong-listed Orient Overseas (International) Ltd. reported a first-half net profit of $181 million as revenue and volume at its liner shipping division OOCL increased even though revenue per 20-foot container fell more than 5 percent.
Ocean carrier rate revision roundup for August 8
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.