Indonesia on track for robust growth, says IMF

Sep. 27 | Indonesia is projected to post an economic growth of 6 percent this year and 6.3 percent next year, with its healthy economy able to weather the continuing global uncertainty, the International Monetary Fund (IMF) predicts in its annual health check of...

MSC adds direct call to NZ’s Timaru port

Sep. 27 | Mediterranean Shipping Company (MSC) announced the introduction next month of a new service to the PrimePort of Timaru in New Zealand, the news coming after Maersk Line and Hamburg Sud ceased their combined container services to the port. MSC’s...

Agility picks new Asia-Pacific, Europe bosses

Sep. 27 | Switzerland-based logistics provider Agility named 28-year company veteran Chris Price as chief executive officer for its Asia-Pacific operations, and 11-year company veteran Mike Bible as CEO for its Europe network. Before his new appointment, Price...

Ocean carriers’ operating costs on the rise

Sep. 27 | Annual operating costs for the container shipping industry rose in 2011 compared to the preceding year, propelled largely by greater crew spending, according to the latest findings of a London-based shipping consultancy. Moore Stephens’ new “OpCost...

Rickmers-Linie transports LPG storage tanks from Malaysia to Kuwait

Sep. 26 | Rickmers-Linie recently transported three LPG storage tanks, each weighing 475 tons, from Kuantan in Malaysia to Shuaiba in Kuwait. The company’s 19,100dwt Baltic Winter is seen here in Kuantan loading one of the tanks using her own gear. All three...

Asia-US carriers affirm rate adjustments

Sep. 26 | Oakland, CA– Container lines serving the Asia-U.S. trade lane reaffirmed their commitment to reversing 2011 and 2012 losses, and to raising the baseline for freight rates as they head into a new round of 2013-14 contract negotiations with customers. Member...

Cebu Pacific tops 2007-11 air cargo throughput

Sep. 26 | Philippine budget carrier Cebu Pacific (CEB) dominated the local air cargo industry four out of five times in the period covering 2007-2011, according to the Civil Aeronautics Board (CAB). The only time it did not rule the skies for those years was 2007. From...

Tanker industry in PH riding high

Sep. 26 | The Philippine tanker industry continues to show healthy volume and revenue growth, thanks to high demand for oil products. “The local tanker industry has no problem as most of us have been chartered long-term by the different oil players; no (charter)...

PH travel agents join calls to scrap aviation taxes

Sep. 26 | Removal of the common carriers tax and the gross Philippine billings tax is expected to increase foreign investment and develop secondary gateways. The Philippine Travel Agencies Association (PTAA) has asked government to scrap taxes levied on international...

PH supply chain managers keep rates steady until yearend

Sep. 26 | Supply chain managers in the Philippines have shelved any rate adjustments in the services they provide despite continuing rise in operational expenses. “There would be no more rate increases for this year,” Supply Chain Management Association of...