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Archive for January, 2013

Asia dominates emerging logistics hubs list

Asia dominates emerging logistics hubs list

Jan. 23 | Even though global economic doldrums slowed emerging markets in 2012, they continue to elicit strong enthusiasm from trade and logistics professionals in 2013, as the outlook for the United States and Europe remains uncertain, according to the 2013 Agility...

Vietnam postpones domestic ban on foreign ships

Vietnam postpones domestic ban on foreign ships

Jan. 23 | Vietnam has moved to April 1 from January 1 this year the effectivity of an order restricting the granting of new licenses allowing foreign-flagged vessels to operate on domestic transport routes. The Ministry of Transport in June last year enacted Document...

OOCL posts 6.7% revenue hike for 2012

OOCL posts 6.7% revenue hike for 2012

Jan. 23 | Orient Overseas Container Line (OOCL), Hong Kong’s biggest box line, reported a 0.7 percent fall in volume for the fourth quarter of 2012 year-over-year. But revenue for the quarter rose by 5.6 percent to US$1.4 billion from the same quarter in 2011. With...

HK container volume shrinks 5.3% in 2012

HK container volume shrinks 5.3% in 2012

Jan. 21 | The Port of Hong Kong processed 23.1 million 20-foot-equivalent units (TEUs) in 2012, a decrease of 5.3 percent year-over-year, the first time volume contracted since 2009. According to the Hong Kong Marine Department, the world’s third busiest box...

G6 partners to combine Asia-USEC services via Suez

G6 partners to combine Asia-USEC services via Suez

Jan. 21 | Three members of the Grand Alliance are set to deepen their partnership with three counterparts from the New World Alliance by combining their services on the Asia-US east coast (USEC) via Suez from mid-May, a move expected to lead to capacity rationalization. Under...

CMA CGM voids six sailings during Chinese New Year festival

CMA CGM voids six sailings during Chinese New Year festival

Jan. 21 | Marseilles-based CMA CGM is cancelling six sailings on the Asia-North Europe trade from February 10, 2013 in anticipation of reduced production during the Chinese Lunar New Year holiday. To be cancelled are one sailing each on the FAL 1, FAL 10, and FAL...

Hong Kong’s AAT November tonnage shoots up 12%

Hong Kong’s AAT November tonnage shoots up 12%

Jan. 21 | Asia Airfreight Terminal (AAT), the second cargo terminal handler at Hong Kong International Airport, announced a 12 percent expansion in its cargo volume for November 2012 year-on-year as a result of strong demand for new high-tech products. Throughput...

Dragonair, Cathay Pacific tonnage drops 5.3% in 2012

Dragonair, Cathay Pacific tonnage drops 5.3% in 2012

Jan. 18 | Combined traffic volume for Cathay Pacific Airways and Dragonair continued to inch upward, rising by more than 3 percent in December 2012 year-on-year, but tonnage for the entire year fell slightly. The Hong Kong-based sister airlines carried 146,897...

G6 scraps suspended Asia-North Europe sling

G6 scraps suspended Asia-North Europe sling

Jan. 18 | The G6 Alliance will not reinstate this year the sixth loop of its Far East-North Europe service that it suspended in late 2012. The alliance said it will not reinstate its Loop 3 service and will instead maintain the current five-loop structure, but...

Shanghai port’s 2012 box traffic reaches 32.5M TEUs

Shanghai port’s 2012 box traffic reaches 32.5M TEUs

Jan. 18 | The Port of Shanghai, the world’s biggest container port, registered a 2.5 percent expansion in container volume to 32.5 million 20-foot-equivalent units (TEUs) in 2012, but saw relatively flat growth in overall cargo volumes at 502 million tonnes year-over-year. The...