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Archive for November, 2012

Drewry: Bleak prospects await global shipbuilders from 2013

Drewry: Bleak prospects await global shipbuilders from 2013

Nov. 30 | The world’s shipbuilders are facing bleak prospects in the next couple of years as a result of the slump in the shipping market, and they will have to fight each other for the few orders trickling in, according to Drewry Maritime Research’s latest...

UPS, TNT Express submit offer of remedies to EC

UPS, TNT Express submit offer of remedies to EC

Nov. 30 | United Parcel Service and TNT Express today said they have submitted the offer of remedies that is one of the requirements for obtaining competition clearance from the European Commission (EC) for UPS to acquire TNT Express. The offer of remedies does...

Slack world demand hitting Asian airlines hardest

Slack world demand hitting Asian airlines hardest

Nov. 30 | Asia-Pacific carriers are the most affected by the continued decline in global airfreight traffic as demand for Asian exports kept its downward trajectory in October amid a weak global economy, according to the latest data from two international airline...

Zim rallies with $16-M net profit in Q3

Zim rallies with $16-M net profit in Q3

Nov. 30 | Israel-based Zim Integrated Shipping Services rebounded from a US$66 million net loss in the third quarter of 2011 with a net profit of $16 million in the third quarter of this year—its best performance since the third quarter of 2010 as a result of...

Globalization today lower than pre-crisis peak, says DHL study

Globalization today lower than pre-crisis peak, says DHL study

Nov. 29 | Despite modest gains since 2009, global connectedness has yet to recapture its pre-crisis peak, the slowdown in globalization a detriment to economic growth, according to the newly released DHL Global Connectedness Index 2012 (GCI). The report, drawing...

New law prioritizes Vietnam shipping lines for local routes

New law prioritizes Vietnam shipping lines for local routes

Nov. 28 | As the new law temporarily barring foreign ships from operating on local routes nears enforcement, doubts have sprung about the capability of Vietnam’s domestic shipping fleet to replace foreign players on domestic lanes, according to a report on...

Revenue, profit growth for HKIA in first half

Revenue, profit growth for HKIA in first half

Nov. 28 | Hong Kong International Airport (HKIA) saw revenue rise 8 percent to HK$6.4 billion (US$825 million) and profit by 13.1 percent to HK$2.75 billion in the first half of the fiscal year 2012/2013 from the same period in 2011/2012. Airport Authority Hong...

Carriers file with FMC for single transpacific agreement

Carriers file with FMC for single transpacific agreement

Nov. 28 | The members of the Transpacific Stabilization Agreement (TSA) have filed an amendment with the U.S. Federal Maritime Commission (FMC) that would expand TSA’s scope to include the entire transpacific round trip, including the westbound trade.  It is...

TSA lines simplify fuel surcharge structure

TSA lines simplify fuel surcharge structure

Nov. 28 | Beginning January 1, 2013, intermodal freight shippers in the Asia-U.S. container trade will begin paying a single, consolidated bunker surcharge that incorporates components for both low-sulfur fuel burned within 200-mile coastal limits, and long-haul...

PH cargo volume up 4.74%

PH cargo volume up 4.74%

Nov. 27 | A strong export sector pushed Philippine cargo throughput to 140.209 million metric tons (mmt) in the first three quarters of the year from 133.860 mmt year-on-year, reflecting a 4.74% rise. Latest data from the Philippine Ports Authority (PPA) showed...
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