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Archive for June, 2013

Go Ahead, Buy That Tablet or Smartphone!

Go Ahead, Buy That Tablet or Smartphone!

Jun. 29 | Preference tor tablets, smartphones reducing PC sales The signs are clear. Consumer preference for tablets and smartphones is expected to reduce PC sales this year.   The last IDC Asia/Pacific Quarterly PC Tracker report states that PC sales in the...

Indonesia to build its fourth largest maritime industrial zone

Indonesia to build its fourth largest maritime industrial zone

Jun. 28 | Indonesia has begun constructing the first phase of a maritime industrial zone project at the Batubalai Port in Tanggamus regency in Lampung, Sumatra. The first phase covering 263 hectares is expected to be completed in two years’ time. Some 333 hectares...

Good regulatory practices will foster APEC’s growth—experts

Good regulatory practices will foster APEC’s growth—experts

Jun. 28 | Monitoring good regulatory practices and improving their implementation will help lift trade and investment barriers and spur regional growth in the Asia-Pacific Economic Cooperation (APEC), according to experts. “Regulatory cooperation has become an...

New 13,208-TEU box ship named OOCL Chongqing

New 13,208-TEU box ship named OOCL Chongqing

Jun. 28 | Orient Overseas Container Line has named its new 13,208-TEU container ship OOCL Chongqing. The newbuild, the third 13,208-TEU-class ship to be delivered to OOCL, was christened at the Samsung Heavy Industries shipyard on Geoje Island, South Korea. The...

Carriers hoping freight rate rally in July sticks

Carriers hoping freight rate rally in July sticks

Jun. 27 | Container shipping costs have sunk to the depths of the last freight rate trough at the end of 2011, but carriers are hoping to recover their profitability with a peak season rate hike in July. Average global freight rates fell to a 17-month low in May,...

Vietnam prioritizes 4 port projects

Vietnam prioritizes 4 port projects

Jun. 26 | Hau River in Vietnam The Vietnam Maritime Bureau will focus on four key port and infrastructure projects from now until 2020 as part of its strategy to lift the country’s maritime industry. These projects involve making improvements to the Hai Phong...

Cargo volume up slightly for Asian airlines

Cargo volume up slightly for Asian airlines

Jun. 26 | Asia-Pacific airlines saw just a marginal improvement in air cargo demand globally in May, according to statistics released by the Association of Asia Pacific Airlines (AAPA). International air cargo throughput last month reached 4,871 freight tonne kilometers...

FedEx reports 45% drop in Q4 profit

FedEx reports 45% drop in Q4 profit

Jun. 25 | Memphis-based FedEx Corp. reported a net income of US$303 million for the fourth quarter ended May 31, 2013, down from the $550 million earned for the same quarter of the previous year, as the company incurred a noncash impairment charge of $100 million...

HK air cargo expanded 1.8% in May

HK air cargo expanded 1.8% in May

Jun. 25 | Hong Kong International Airport (HKIA) reported a 1.8 percent growth in cargo movements in May year-over-year as export and transshipment volumes expanded. Airfreight volume for the month rose to 339,000 tonnes, up 6,000 tonnes from the same period the...

P3 network alliance good for industry if not abused—Drewry

P3 network alliance good for industry if not abused—Drewry

Jun. 25 | The P3 Network to be launched jointly in the second quarter of 2014 by Maersk Line, Mediterranean Shipping Co. (MSC), and CMA CGM will help reduce carrier costs and stabilize the market, provided the tripartite alliance is not abused or used to postpone...
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