World cargo air freight continues to tumble—IATA

Nov. 30 | 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 in 2010, the latest global traffic results from the International Air Transport Association (IATA) show. “Cargo...

Indonesian port to raise box storage charges 500%

Nov. 30 | 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 reduce port congestion. The company said the hike in storage fees is intended to penalize...

IDC ICT 2012 Top 10 Predictions

Nov. 29 | We reproduce today one of the latest press release from International Data Corporation. Singapore and Hong Kong, November 22, 2011 – International Data Corp (IDC) announces today that the prospect of a turbulent and uncertain economic climate in 2012...

CSAV not selling container business

Nov. 29 | Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has refuted earlier reports that it is selling its container shipping operations after incurring huge losses in the second and third quarters of the year. The company said in a statement...

Mandatory weighing on hold at Manila North Port

Nov. 29 | 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 operator Manila North Harbour Port, Inc (MNHPI) implemented the scheme. Port District...

High pilotage fees push PH lines to drop Cotabato calls

Nov. 29 | PHILIPPINE cargo carriers will cease services to and from Polloc Port (Port of Cotabato) as early as next week due to allegedly exorbitant and arbitrary fees levied by harbor pilots stationed at the port., located on the island grouping of Mindanao. ATS...

SBITC, J-PAC Logistics to jointly market Subic

Nov. 29 | 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 port, north of Manila. SBITC is the operator of Subic’s New Container Terminal...

Carriers anticipate losses in 2011, take gloomy outlook of 2012

Nov. 28 | Global container shipping lines are anticipating losses for the full year 2011 and bracing for a gloomy 2012 marked by high costs, vessel glut, dwindling demand, and a depressed world economy. Industry analysts and operators at a recent maritime and logistics...

CSAV posts Q3 loss, mulls sale of boxline operations

Nov. 28 | Chilean Compañía Sud Americana de Vapores or CSAV is considering selling its container shipping operations following another revenue loss in the third quarter of the year. The liner saw a net loss of US$343 million in the third quarter after losing...

Zim hit with $66-M loss in third quarter

Nov. 28 | 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 last year as falling freight rates and rising fuel costs continue to hammer the container shipping sector. Container...