Multipurpose shipping market share getting bigger, says Drewry

Mar. 31 | Last year (2011) saw the multipurpose (MPV) fleet recover some of the optimism seen prior to 2007. Rates have started to firm again and the demand outlook is steady for both breakbulk and project cargo, while the fleet supply is under control. Drewry...

13 freight forwarders slapped with $225-M fine for price-fixing

Mar. 30 | The European Commission fined 13 major logistics companies a total of EUR169 million (US$225 million) for participating in four distinct cartels from 2002 to 2007 that aimed to fix prices in breach of EU antitrust rules. “The freight forwarders colluded...

Hapag-Lloyd to impose freight rate hike on Far East-Europe corridor in May

Mar. 30 | Germany’s Hapag-Lloyd announced a rate increase of US$400 per 20-foot equivalent unit (TEU) on the Far East westbound trade effective May 1. The Hamburg-based ocean carrier said the rate hike is intended to allow the company to provide its customers...

Vietnam shipping sector facing bleak future?

Mar. 30 | Vietnamese shipping lines have been losing out to international rivals in recent years, and the industry will remain in distress this year and the next if no prompt coping measures are taken, according to a report by The Saigon Times, quoting the Vietnamese...

Changi Airport unveils $12-M cargo incentive package

Mar. 30 | Singapore’s Changi Airport Group (CAG) has laid down a nearly US$12-million (SGD15 million) cargo incentive package to lift airfreight traffic. The package, part of its Changi Airport Growth Initiative (CAGi), starts on April 1 and provides for a 20...

PH truckers seek stop to apprehension of trailers with white plates

Mar. 29 | The Confederation of Truckers Association of the Philippines (CTAP) is seeking indefinite moratorium on the apprehension of trailers or chassis sporting white plates. Such apprehensions restarted about three months ago, after they were halted in 2005...

Cebu 2011 cargo throughput up 5.4%

Mar. 29 | Philippine ports under the Cebu Port Authority (CPA) registered a throughput of 25.365 million metric tons (mmt) in 2011, up 5.4% from 24.056 mmt in 2010, thanks to strong performance of import cargo. Foreign import cargo in Cebu, south of the Philippine...

LBC is PH’s top domestic airfreight forwarder

Mar. 29 | LBC Express, Inc was the Philippines’ leading domestic airfreight forwarder in 2011, based on latest statistics from the Civil Aeronautics Board (CAB). LBC Express accounted for 35.71% of the total market last year after it handled 14.035 million metric...

Maersk CEO goes on extended sick leave

Mar. 28 | A.P. Moller-Maersk, the Danish shipping and energy conglomerate, said CEO Nils Smedegaard Andersen has extended his sick leave for six to eight weeks more, with the executive board managing the firm in his absence. “The management team has passed...

APM Terminals cuts work-related injuries 21%

Mar. 28 | APM Terminals (APMT) in its 2011 Sustainability Report said it continues to improve its sustainability performance throughout the company’s global port, terminal, and inland services network. In the report, its second, APMT said it decreased injuries...