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Archive for January, 2013

UPS formally drops takeover bid for TNT Express

UPS formally drops takeover bid for TNT Express

Jan. 31 | U.S. package delivery giant United Parcel Service (UPS) announced it has withdrawn its offer to purchase Dutch rival TNT Express following the anticipated formal decision by the European Commission (EC) disapproving the proposed acquisition. “As a result...

Vietnam opens $624-M Cai Mep-Thi Vai port

Vietnam opens $624-M Cai Mep-Thi Vai port

Jan. 30 | Vietnam opened January 28 the Cai Mep-Thi Vai International Ports, the country’s deepest and biggest port system located in the southern province of Ba Ria Vung Tau. The US$624.4-million project is expected to accommodate increasing shipping activities...

FedEx Trade Networks establishes presence in Thailand

FedEx Trade Networks establishes presence in Thailand

Jan. 30 | FedEx Trade Networks, the global freight forwarding arm of FedEx Corp., has opened an office in Bangkok, its first in Thailand, in  anticipation of the continued growth of the country’s logistics market. The freight forwarding industry in Thailand...

‘K’ Line upgrades intra-Asia slings

‘K’ Line upgrades intra-Asia slings

Jan. 28 | Kawasaki Kisen Kaisha (“K” Line) announced today it will upgrade its weekly intra-Asia services JABCO-1 and JABCO-2 to provide better transit times between Japan and Thailand. “With this enhancement, “K” Line can offer efficient,...

Korea, Malaysia ports achieve traffic growth in 2012

Korea, Malaysia ports achieve traffic growth in 2012

Jan. 28 | South Korea’s ports handled nearly 22.5 million 20-foot-equivalent units (TEUs) in 2012, an increase of 4.1 percent from 2011, derived in part from strong transshipments at Busan port, according to the Ministry of Land, Transport and Maritime Affairs...

Agility opens new warehouse in Malaysia

Agility opens new warehouse in Malaysia

Jan. 28 | Global logistics provider Agility has opened a state-of-the-art logistics center in Melaka on the Malay Peninsula. This bonded warehouse will support a variety of industry sectors, including the automotive sector and the growing alternative renewable...

AAT of HK records 11% traffic growth in December

AAT of HK records 11% traffic growth in December

Jan. 28 | Asia Airfreight Terminal (AAT), the second cargo terminal handler at Hong Kong International Airport, set an 11 percent growth in throughput to 68,252 tonnes in December 2012 year-over-year.  Export cargo registered 46,675 tonnes, up 13 percent compared...

Cambodia opens new container terminal

Cambodia opens new container terminal

Jan. 28 | Cambodia’s Phnom Penh Autonomous Port (PPAP) opened a new container terminal on January 22 in response to a sharp hike in shipments unloaded at the country’s ports. The US$28 million terminal was partly financed by the Chinese government and is...

IMF: Gradual global growth pickup in 2013

IMF: Gradual global growth pickup in 2013

Jan. 26 | Global growth will strengthen gradually in 2013 to reach 3.5 percent in 2013, from 3.2 percent in 2012, as the downside risks on economic activity start to ease this year, says the International Monetary Fund (IMF) in an update to its World Economic Outlook...

Box ships schedule March rate hikes on Asia-Europe loop

Box ships schedule March rate hikes on Asia-Europe loop

Jan. 26 | Global ocean carriers Orient Overseas Container Line (OOCL) and Hapag-Lloyd announced general rate hikes on the Asia-Europe trade come March. Hong Kong-based OOCL said a general rate increase (GRI) will be applied to all cargo loading on the North Europe-Asia...
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