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Archive for January, 2016

Global growth in 2016 gradual and unsteady due to China effect, Bimco predicts

Global growth in 2016 gradual and unsteady due to China effect, Bimco predicts

Jan. 25 | The year 2016 will be one filled with challenges generated in large part by the slowdown of the Chinese economy, making global economic expansion anything but smooth and unhampered, says the Baltic and International Maritime Council (Bimco). In its outlook...

China slowdown leading risk to emerging Asia’s growth in 2016—survey

China slowdown leading risk to emerging Asia’s growth in 2016—survey

Jan. 22 | A slowing China has emerged as the top threat to the growth of emerging markets in Asia-Pacific in 2016, according to results of a poll among supply chain industry executives. In a new survey of more than 1,100 global logistics and supply chain executives,...

Hong Kong records reduced volumes of exports and re-exports

Hong Kong records reduced volumes of exports and re-exports

Jan. 22 | The volume of Hong Kong’s total goods exports decreased 1.1% year-on-year in November 2015, while the volume of goods imports dropped 5.4%, the Census & Statistics Department announced. Goods re-exports dipped 0.8% while that of domestic exports...

Airfreight traffic slide bottoming out, says IATA

Airfreight traffic slide bottoming out, says IATA

Jan. 22 | Cargo airlines’ profit expectations for the year ahead have moderated compared to early 2015, but industry executives polled recently indicate that their outlook remains positive as volume declines appear to be tapering off, according to the International...

Bicameral committee irons out most kinks in PH customs modernization act

Bicameral committee irons out most kinks in PH customs modernization act

Jan. 21 | The Senate and House bicameral conference committee has agreed on all but one of the provisions of the Customs Modernization and Tariff Act (CMTA), the controversial declarant clause, according to a customs official. In a January 21 session, the committee...

Malaysia jumps to fourth spot in emerging logistics industry ranking

Malaysia jumps to fourth spot in emerging logistics industry ranking

Jan. 20 | Malaysia’s drive to develop a world-class infrastructure and transport network propelled it to fourth spot in an annual ranking of the world’s 45 leading emerging markets. Malaysia surged past Saudi Arabia (No. 5), Brazil (6), and Indonesia (7) in...

Slight volume growth for HK air cargo sector in 2015

Slight volume growth for HK air cargo sector in 2015

Jan. 20 | Hong Kong International Airport (HKIA) reported cargo throughput of 0.1% year-on-year growth, reaching a record of 4.38 million tonnes. In December 2015 alone, cargo volume rose 1% year-on-year to 391,000 tonnes, according to Airport Authority Hong Kong....

Busan port cargo traffic up 4% in 2015

Busan port cargo traffic up 4% in 2015

Jan. 20 | The Port of Busan missed its target volume for 2015 by a slight margin as the South Korean international maritime hub felt the impact of sluggish global commerce, according to the Busan Port Authority (BPA). The port processed about 19.45 million twenty-foot...

PAL adds 2 more routes to the Middle East

PAL adds 2 more routes to the Middle East

Jan. 20 | The send-off ceremony held at the NAIA Terminal 2 on January 17 was attended by PAL president and chief operating officer Jaime J. Bautista and Kuwaiti Ambassador to the Philippines Waleed Ahmad Al Kandari. Joining them were, from left to right, PAL VP-Sales...

13 infrastructure works not covered by PH election ban on spending

13 infrastructure works not covered by PH election ban on spending

Jan. 20 | A total of 13 public-private partnership (PPP) projects mostly under the Philippine government’s transportation agency are exempted from the ban on spending public funds and carrying out construction of public works during the election season. The Department...