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Monthly Archives: November, 2011

World cargo air freight continues to tumble—IATA

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Declining business confidence and a switch to cheaper modes of transport caused cargo demand in October to fall 4.7 percent from the same month...

Indonesian port to raise box storage charges 500%

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Indonesia's state-owned port operator PT Pelindo II announced plans to increase container storage fees fivefold at its port in Tanjung Priok, North Jakarta, to...

IDC ICT 2012 Top 10 Predictions

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We reproduce today one of the latest press release from International Data Corporation. Singapore and Hong Kong, November 22, 2011 – International Data Corp (IDC)...

CSAV not selling container business

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Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has refuted earlier reports that it is selling its container shipping operations after incurring huge...

Mandatory weighing on hold at Manila North Port

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The Philippine Ports Authority (PPA) has temporarily suspended mandatory weighing of outbound containers and roll on-roll off vehicles at the North Port, days after...

High pilotage fees push PH lines to drop Cotabato calls

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PHILIPPINE cargo carriers will cease services to and from Polloc Port (Port of Cotabato) as early as next week due to allegedly exorbitant and...

SBITC, J-PAC Logistics to jointly market Subic

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Subic Bay International Terminal Corp (SBITC) and logistics service provider J-PAC Logistics recently signed a memorandum of agreement to jointly promote and market Subic...

Carriers anticipate losses in 2011, take gloomy outlook of 2012

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Global container shipping lines are anticipating losses for the full year 2011 and bracing for a gloomy 2012 marked by high costs, vessel glut,...

CSAV posts Q3 loss, mulls sale of boxline operations

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Chilean Compañía Sud Americana de Vapores or CSAV is considering selling its container shipping operations following another revenue loss in the third quarter of...

Zim hit with $66-M loss in third quarter

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Israel-based Zim Integrated Shipping Services has suffered a $66 million loss in the third quarter of the year after a profit of $37 million...
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