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Archive for April, 2012

New Weiss-Röhlig office established in Taiwan

New Weiss-Röhlig office established in Taiwan

Apr. 30 | Transport and logistic company Weiss-Röhlig has opened a new office in Taiwan as part of a plan to build a regional project cargo network across Asia. The new business unit will be headed by Willie Tseng, who spent more than 30 years with shipping company...

COSCO reports bigger net loss for Q1

COSCO reports bigger net loss for Q1

Apr. 30 | China COSCO Holdings registered first quarter losses of CNY2.7 billion (US$430 million) for the year, compared to a loss of CNY502 million for the same period last year. COSCO, which runs Asia’s biggest container shipper by capacity, saw volume at its...

Emirates SkyCargo opens own freight service to Vietnam

Emirates SkyCargo opens own freight service to Vietnam

Apr. 30 | Emirates SkyCargo announced the launch of a passenger service to Ho Chi Minh City that will use the 240-tonne weekly bellyhold capacity of the aircraft to carry cargo between the city, Dubai, and more than 120 other destinations. Ho Chi Minh City will...

Asia faces stronger growth, but further rebalancing critical

Asia faces stronger growth, but further rebalancing critical

Apr. 28 | Growth in Asia is expected to pick up this year, after slowing in the last quarter of 2011, but Asian leaders now face the difficult task of adjusting policies to support stable, non-inflationary growth, say IMF economists. At the launch in Kuala Lumpur,...

Maersk Line plans freight rate hikes on major trade loops

Maersk Line plans freight rate hikes on major trade loops

Apr. 28 | Copenhagen-based Maersk Line will impose a series of general rate hikes on key sea lanes beginning May. Maersk Line, the world’s leading container shipper, plans to raise cargo rates on these dates: May 1 Southeast Asia to Australia: US$500 per 20-foot...

Cargo movements at Changi Airport ‘relatively stable’

Cargo movements at Changi Airport ‘relatively stable’

Apr. 28 | Changi Airport Singapore reported that airfreight movements decreased 1.8 percent year-on-year to 163,000 tonnes in March 2012. The figure, however, is an increase from the 143,900 tonnes of cargo shipped in February this year. Changi Airport handled...

Asia-Pacific airfreight demand still soft, says AAPA

Asia-Pacific airfreight demand still soft, says AAPA

Apr. 28 | International air cargo markets remained weak, as traffic fell by 4.5 percent in March 2012 compared to the same month last year—a reflection of lackluster export-import markets, according to the latest statistics from the Association of Asia Pacific...

UPS posts Q1 gains but falls short of estimates

UPS posts Q1 gains but falls short of estimates

Apr. 28 | Atlanta-based United Parcel Service (UPS) announced first quarter 2012 earnings per share of $1, a 10 percent improvement over the prior-year period that however falls short of analysts’ expectations of about $1.01 per share as Asian exports and other...

Rickmers-Linie calls Myanmar

Rickmers-Linie calls Myanmar

Apr. 27 | Delivered last year Baltic Winter is one of the latest vessels to join Rickmers-Linie’s India Service, now offering calls on inducement at the port of Yangon, Myanmar. With the lifting of trade sanctions, Rickmers-Linie is once again able to offer calls...

PH cargo throughput up 1% in Jan

PH cargo throughput up 1% in Jan

Apr. 26 | Philippine cargo throughput increased slightly in January due to improved export volumes. Cargo volume grew 1.08% to 12.872 million metric tons (mmt) from 12.537 mmt in January 2011, according to latest data from the Philippine Ports Authority. Domestic...
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