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Archive for December, 2014

Emerging Asia now Gulf’s biggest economic partner, says EIU

Emerging Asia now Gulf’s biggest economic partner, says EIU

Dec. 24 | Developing Asia—particularly China, India, and Southeast Asia—is emerging as the biggest trading partner of the Gulf Co-operation Council (GCC), leaving other regions to trail behind, according to a new report by The Economist Intelligence Unit (EIU). The...

Thailand’s economy seen to register 4% growth in 2015

Thailand’s economy seen to register 4% growth in 2015

Dec. 24 | The Asian Development Bank (ADB) projects Thailand to record an economic growth of 1% in 2014 and 4% next year, saying restored confidence, increased government spending, and expected improvement of major industrial economies will be drivers of growth...

OOCL establishes new China-SEA loop as CMA CGM receives box ship Tigris

OOCL establishes new China-SEA loop as CMA CGM receives box ship Tigris

Dec. 24 | Orient Overseas Container Line (OOCL) is beefing up its North China-Southeast Asia presence with another service route to be launched next month. OOCL saids its new service, the North China/Pusan/Southeast Asia Service (NPS), will be established in January...

Move It is Hanjin Shipping sales and marketing arm

Move It is Hanjin Shipping sales and marketing arm

Dec. 23 | Move It Multimodal Transport and Logistics Inc. has been appointed Hanjin Shipping sales and marketing arm effective January 1, 2015. MOF Company, Hanjin Shipping’s local agent, said it appointed Move It Multimodal Transport as its exclusive sales and...

Airfreight traffic makes robust rebound as global trade improves

Airfreight traffic makes robust rebound as global trade improves

Dec. 22 | Reflecting the improvement in world trade, scheduled airfreight traffic grew strongly by 4.6% in 2014, a rebound from the 0.4% growth rate registered in 2013, according to figures released by the International Civil Aviation Organization (ICAO). Asia-Pacific...

Indonesia’s Tanjung Priok to build a new box terminal

Indonesia’s Tanjung Priok to build a new box terminal

Dec. 22 | The Indonesian government will construct a new container terminal at the country’s premier ocean gateway Tanjung Priok Port in Jakarta in partnership with foreign companies. State-owned port operator PT. Pelabuhan Indonesia II has entered into an agreement...

USWC congestion to cause continued delays through to 2015, Drewry says

USWC congestion to cause continued delays through to 2015, Drewry says

Dec. 22 | Asia-U.S. shippers should not expect delivery schedules to improve in the first months of 2015 as congestion at the U.S. west coast (USWC) ports is still far from resolution, according to Drewry Maritime Research. Drewry’s new online “Carrier Performance...

Regulatory costs bring shipping industry’s confidence to new low

Regulatory costs bring shipping industry’s confidence to new low

Dec. 20 | Confidence levels in the shipping industry fell during the three months to November 2014 to their lowest level for two years over concerns about the high cost of complying with new regulations as well as the continued overtonnage and over-ordering, according...

Global box ships eye bigger role in ASEAN trade boom

Global box ships eye bigger role in ASEAN trade boom

Dec. 20 | Heavyweight ocean carriers are keeping Southeast Asia in their crosshairs as they predict strengthening trade activity between the region’s economies as well as with the rest of the world. Danish box liner Maersk Line and German rival Hapag-Lloyd are...

Forecasters predict Malaysian economy to soften in 2015

Forecasters predict Malaysian economy to soften in 2015

Dec. 19 | Research and investment institutions have released their predictions for the economic performance of Malaysia in 2014 and 2015. The AllianceDBS Research retained its forecast for the country to post a real gross domestic product (GDP) growth of around...
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