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Archive for November, 2013

The Rotterdam Rules

The Rotterdam Rules

Nov. 30 | The Rotterdam Rules is the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partially by Sea.  It is a convention intended to unify and modernize international rules already in existence that govern the international...

Hanjin Shipping appoints Tai as chief exec

Hanjin Shipping appoints Tai as chief exec

Nov. 30 | CEO and president Tai Soo Suk Hanjin Shipping has appointed Tai Soo Suk as its new president and CEO, who takes over from Young Min Kim. Young left the post recently in the wake of continued losses for South Korea’s largest shipping line. Tai, who has...

OECD: fragile, risk-sensitive recovery for global economy through 2015

OECD: fragile, risk-sensitive recovery for global economy through 2015

Nov. 28 | The global economy is seen to continue expanding moderately over the next two years, but the growth can be derailed by instability in financial markets and fragility in some major economies, according to the latest economic outlook of the Organisation...

Stabilizing cargo traffic boosts Asian airlines’ confidence

Stabilizing cargo traffic boosts Asian airlines’ confidence

Nov. 28 | Asia-Pacific airlines registered a moderate rise in air cargo movement in October as airfreight traffic continues to stabilize, data from the Association of Asia Pacific Airlines (AAPA) indicate. International air cargo demand in October saw a 2.1 percent...

Indonesia granted $400-M loan to upgrade logistics infra

Indonesia granted $400-M loan to upgrade logistics infra

Nov. 28 | Indonesia has received a US$400 million loan from the Asian Development Bank (ADB) to help improve the Southeast Asian country’s logistics and transport sector, especially its port system, as the deteriorating infrastructure has had an impact on economic...

Asian Shippers Council: P3 will kill off smaller players

Asian Shippers Council: P3 will kill off smaller players

Nov. 26 | The Asian Shippers Council (ASC) has issued a strongly worded statement opposing the P3 alliance even as it lauded the call by the U.S. Federal Maritime Commission (FMC) to hold a summit with its fellow European and Chinese regulators to discuss the proposed...

Dachser sets up JV in Indonesia, plans more

Dachser sets up JV in Indonesia, plans more

Nov. 26 | Germany’s Dachser says it has established a joint venture in Indonesia as part of the continued expansion of its air and sea logistics services in Southeast Asia. Headquartered in Jakarta, PT Dachser Indonesia, with Dachser as the largest shareholder,...

APEC mulls direction amid ‘game-changing’ economic events

APEC mulls direction amid ‘game-changing’ economic events

Nov. 25 | The Asia-Pacific Economic Cooperation (APEC) said it plans to review the course the regional bloc will take to foster cooperation as free trade agreement proposals increase and global economic developments come at an increasingly rapid pace. “As APEC...

UASC enlarges intra-Asia feeder network

UASC enlarges intra-Asia feeder network

Nov. 25 | United Arab Shipping Company (UASC) is stretching its coverage of Asia with two new weekly feeder services covering Japan, Central and South China, Thailand, and Vietnam. To be launched end of November, the direct services aim to add Ningbo, China, and...

Cathay Pacific appoints new COO, Changi Airport posts cargo uptick

Cathay Pacific appoints new COO, Changi Airport posts cargo uptick

Nov. 25 | Cathay Pacific Airways has named Rupert Hogg its chief operating officer with effect from March 2014. He will become a director of the Hong Kong-based airline at the same time. Hogg, 51, takes over from Ivan Chu, who will assume the post of Cathay Pacific’s...