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Archive for March, 2014

Survey: container shipping sector very confident rates, demand will improve

Survey: container shipping sector very confident rates, demand will improve

Mar. 31 | The shipping industry is currently displaying the highest level of confidence in almost six years about its prospects concerning freight rates and market demand. The latest shipping confidence survey of think tank Moore Stephens shows that in the three-month...

Smaller box carriers forecast to join merger trend

Smaller box carriers forecast to join merger trend

Mar. 31 | The tie-ups currently occurring among big container shipping lines will prompt smaller operators to seek their own consolidation in order to remain in competition, according to Fitch Ratings. It noted that the proposed merger of Hapag-Lloyd and CSAV,...

PSA registers double-digit profit in 2013, plans more investments

PSA registers double-digit profit in 2013, plans more investments

Mar. 31 | Singapore-based global port operator PSA International (PSA) posted higher profit, revenue, and volumes in 2013, describing its performance as credible in a year it regarded as “unsettling,” even as it is bracing for more uncertainties in 2014. PSA,...

BOC issues schedule of port dues for assessment purposes at MICT, South Harbor

BOC issues schedule of port dues for assessment purposes at MICT, South Harbor

Mar. 28 | The Philippine Bureau of Customs (BOC) has released a schedule of cargo-handling tariff, arrastre charges and wharfage dues that must be used as guide in the computation of landed cost for shipments going through the Manila International Container Terminal...

Zim, CSCL fall deeper into red

Zim, CSCL fall deeper into red

Mar. 28 | Bigger freight volumes could not lift Zim Integrated Shipping’s earnings, as it posted a wider net loss in 2013 year-over-year. The Israeli carrier reported a US$530 million net loss last year from a loss of $428 million in 2012 following a one-time...

Hapag-Lloyd stems further losses, sees improved prospects

Hapag-Lloyd stems further losses, sees improved prospects

Mar. 28 | Box carrier Hapag-Lloyd narrowed its loss in 2013 as earnings and volumes improved despite a difficult environment, and expressed brighter hopes for this year with expectations of the oversupply situation relaxing. “The outlook is much better for the...

Cargolux hires new CEO, Asia-Pacific executive

Cargolux hires new CEO, Asia-Pacific executive

Mar. 27 | European all-cargo airline Cargolux International Airlines has appointed a new chief executive officer and a new senior vice president for its Asia-Pacific operations. Named president and chief executive officer is Dirk Reich, who replaces Richard Forson,...

Smartphone sensors can revolutionize logistics—DHL study

Smartphone sensors can revolutionize logistics—DHL study

Mar. 26 | Logistics companies should look into the potentials of applying consumer-oriented technologies such as smartphones and tablet PCs to their business operations to improve efficiency, says a new DHL study. The trend report “Low-Cost Sensor Technology”...

Asia cargo airlines making tentative recovery

Asia cargo airlines making tentative recovery

Mar. 26 | Singapore Changi Airport Global air cargo markets were relatively flat in February due to the timing of the Chinese New Year holidays, but Asia-Pacific carriers logged a slight volume growth in the first two months of the year, according to the latest...

‘Profound changes’ reshaping shipping industry to the core

‘Profound changes’ reshaping shipping industry to the core

Mar. 26 | The container shipping industry is facing an increasingly deteriorating scenario of supply-demand imbalance, spiraling debts, and market uncertainties that is prompting “profound structural changes” in the sector, according to a new industry analysis. AlixPartners’...
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