Wednesday, October 20, 2021

Monthly Archives: March, 2013

UPS gets full ownership of Vietnam office

United Parcel Service (UPS) announced it has become the first global express delivery company to be wholly owned in Vietnam after it acquired the...

CMA CGM reports $361 M profit for 2012

France’s CMA CGM announced a net profit of US$361 million for 2012, up from a $5 million loss in 2011, on the back of...

Port of Tanjung Pelepas hires new CEO

The Port of Tanjung Pelepas (PTP) in Malaysia has named Glen Hilton its new chief executive officer effective March 1, 2013. Hilton, an Australian,...

US approves G6 expansion into trans-Pacific trade

The U.S. Federal Maritime Commission (FMC) voted to allow the G6 Alliance to increase the frequency of vessel port calls on the U.S. East...

Void sailings shoring up rates but for how long?

Blanked sailings have boosted average ship usage and freight rates in the trans-Pacific and Asia-Europe routes between October 2012 and February 2013, but this...

Maersk Line to set up Myanmar office

Denmark-based Maersk Line and Singapore-headquartered MCC Transport plan to open a branch office in Myanmar in the second half of 2013 to capitalize on...

Cathay Pacific’s profit sank 83% in 2012

Hong Kong’s Cathay Pacific reported a profit of HKD916 million (US$118 million) for 2012—an 83.3 percent fall from the profit of HK$5.5 billion in...

Box lines merge SE Asia-Australia trade services

Two consortiums on the Southeast Asia-Australia trade will consolidate their service networks starting the middle of April, deploying fewer but bigger vessels. The combined weekly...

Hanjin Shipping expands Indonesia network

South Korea’s largest shipping line, Hanjin Shipping, is introducing new services to its Indonesia network to take advantage of the rising demand in the...

ICTSI income up 10% in 2012

Manila-based International Container Terminal Services, Inc reported its net income attributable to equity holders in 2012 rose 10% to $143.2 million from $130.5 million...
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