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Archive for March, 2015

‘Phenomenal growth’ of Asia-US trade propels robust airfreight activity

‘Phenomenal growth’ of Asia-US trade propels robust airfreight activity

Mar. 31 | Air cargo grew in volume in February year-on-year, but interestingly the bulk came from the Asia-Pacific bound for the U.S., as WorldACD speculated that the West Coast congestion had a hand in the robust performance of the loop. February volumes rose...

ADB: sustained reforms can spur Indonesian economy’s revival

ADB: sustained reforms can spur Indonesian economy’s revival

Mar. 30 | Indonesia’s economic growth is expected to accelerate again over the next two years if the new government can keep up its momentum on structural reforms, such as sharply reducing fuel subsidies, according to the latest “Asian Development Outlook...

Carriers launch new services, new ships

Carriers launch new services, new ships

Mar. 29 | Three box liners have announced they will launch in July a joint Far East-West Coast of Central and South America service. Hanjin Shipping, Hyundai Merchant Marine, and Yang Ming Marine Transportation will unveil their new network service on July 11,...

Hapag-Lloyd’s loss grew in 2014, vows return to profit this year

Hapag-Lloyd’s loss grew in 2014, vows return to profit this year

Mar. 28 | German box liner Hapag-Lloyd reported a bigger net loss in 2014, mainly due to falling freight rates and the cost of acquiring Chilean carrier Compañía Sud Americana de Vapores (CSAV). The company said its net loss last year amounted to EUR603.7 million...

Manila ports announce Holy Week schedule

Manila ports announce Holy Week schedule

Mar. 27 | Manila South Harbor. Photo courtesy of port operator Asian Terminals Inc. The Bureau of Customs (BOC) has released its schedule of operations at the Manila International Container Terminal (MICT) and Port of Manila for the coming holidays. In an advisory,...

HK still world’s busiest airfreight hub; Asia carriers fly high in February

HK still world’s busiest airfreight hub; Asia carriers fly high in February

Mar. 27 | Hong Kong held on to its position as the world’s busiest air cargo hub in 2014, according to the Airports Council International (ACI), basing its report on data culled from 1,095 airports worldwide. Hong Kong processed a total of 4.42 metric tonnes...

Box ships projected to find little financial respite in 2015

Box ships projected to find little financial respite in 2015

Mar. 26 | The container carrier industry posted a decline in revenue in the past two years, and the industry will continue to struggle in 2015 and beyond against headwinds over continued supply and demand imbalances, according to AlixPartners’ 2015 Container...

Developing Asia’s prospects in 2015-2016 looking good, says ADB

Developing Asia’s prospects in 2015-2016 looking good, says ADB

Mar. 25 | Asia’s developing economies will tread a strong path to economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic...

Port of Singapore unveils ‘smart’ initiatives promoting 4G technology

Port of Singapore unveils ‘smart’ initiatives promoting 4G technology

Mar. 25 | Singapore is taking mobile technology use to a much higher level, unveiling on March 23 new initiatives harnessing mobile technology and wireless connectivity to enhance communications, productivity, and crew welfare at the Port of Singapore. The Maritime...

CMA deploys 10,622-TEU newbuild Volga, in talks to build 3 ULCVs

CMA deploys 10,622-TEU newbuild Volga, in talks to build 3 ULCVs

Mar. 25 | France’s top container shipping company CMA CGM announced it has deployed to the open seas the eighth of a series of 28 ships in the 9,400-TEU to 10,900-TEU range. The 10,622-TEU CMA CGM Volga belongs to the series of vessels named after famous rivers...
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