CNC Line launches intra-Asia services

Oct. 30 | Cheng Lie Navigation (CNC Line), the intra-Asia liner subsidiary of CMA CGM, announced the launch on October 25, 2013 of the KVT service, linking Korea, Vietnam, and Thailand. The KVT service follows this rotation: Busan, Ulsan, Kwangyang, Hong Kong,...

P3 plans to add only modest capacity to key trade lanes

Oct. 30 | The P3 alliance is infusing only moderate capacity growth on the Asia-Europe and Asia-North America trade lanes, seemingly more focused on service quality rather than quantity, according to an analysis by maritime research provider Drewry. Maersk Line,...

Persistent market weakness slows Asia-Pacific airfreight traffic

Oct. 30 | The soft demand for air cargo transport has persisted through September as the global economy remains sluggish, according to the latest traffic figures released by the Malaysia-based Association of Asia Pacific Airlines (AAPA). International air cargo...

Maersk announces new CEO appointments

Oct. 30 | Morten Engelstoft, CEO of Services & Other Shipping Maersk Line COO Morten Engelstoft has been appointed CEO of Services and Other Shipping in Danish shipping and logistics giant Maersk, with Søren Toft taking over the position he will vacate effective...

UPS saw 9.4 percent growth in 3Q

Oct. 28 | United Parcel Service (UPS) announced earnings of US$1.16 per share, or a net income of $1.1 billion, for the third quarter of 2013, a 9.4 percent improvement over the same period last year, as the global logistics giant said it was keeping its full-year...

ASEAN still robust as services drive growth

Oct. 28 | Economies in the Association of Southeast Asian Nations remained buoyant in 2012, with regional growth fueled by the services sector, according to the latest figures from ASEAN. Gross domestic product (GDP) growth in ASEAN in 2012 was 5.7 percent to reach...

HK airport CEO Stanley Hui quits

Oct. 28 | Airport Authority Hong Kong’s (AAHK) chief executive officer Stanley Hui has filed his resignation, to take effect mid-next year, according to a brief announcement by Hong Kong’s Information Services Department. “Airport Authority Chief Executive...

Malaysian shipping lines send SOS to gov’t

Oct. 25 | Malaysia’s ship owners are seeking some MYR3 billion (US$952 million) in government support over the next three years to help them overcome a financial fiasco that is threatening to push the industry into bankruptcy. The Malaysian Shipowners Association...

ICTSI, Asian Terminals ease payment mode for PH forwarders

Oct. 25 | PHILIPPINE International Seafreight Forwarders Association (PISFA) members should now find it easier paying port charges with two of the country’s port operators. Manila International Container Terminal operator International Container Terminal Services,...

CMA CGM taps SAP to develop maritime-dedicated IT system

Oct. 25 | French container shipping giant CMA CGM is investing in a new information system that it said is the first of its kind to be tailored to the specific needs of the industry. The world’s third largest box ship operator said it has tapped global software...