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Global air freight demand declines in July

International air freight demand dipped slightly in July this year from the same month last year in the wake of an Asian export...

FedEx offers XL packaging to Asia-Pacific markets

FedEx Express has launched an extra large pack (XL) to 15 Asia-Pacific markets for both document and non-document shipments such as garment samples and...

OOCL appoints Devine corporate logistics head

Orient Overseas Container Line (OOCL) has appointed a U.S.company executive as general manager of corporate logistics at its Hong Kong headquarters effective November...

“K” Line announces direct Thailand-East India express

Japan-based ocean carrier Kawasaki Kisen Kaisha (“K” Line) will launch as a slot operator the Thailand-East India Express (TCX) on September 7, 2011 to enhance its...

Asia-Europe shipping carriers plan GRIs, peak season surcharge

Two shipping lines serving the Asia-Europe lanes have announced general rate increases (GRIs) effective September 15 this year, while another carrier is poised to...

Cebu Pacific firms up 30 plane orders

PHILIPPINE budget airline Cebu Pacific (CEB) has finalized orders for 30 Airbus A321neo aircraft, firming up a memorandum of understanding signed in June. The...

ICTSI inks deal with Croatian Railways

INTERNATIONAL Container Terminal Services, Inc, operator of the Adriatic Gate Container Terminal, recently signed another agreement with the Croatian Railways that increases the terminal’s...

Clark eyes P8B budget terminal

CLARK International Airport Corp (CIAC) is eyeing construction of an P8-billion budget terminal in Clark Freeport in Pampanga, north of Manila, next year under...

Philippine lines push cashless payment at ports

PHILIPPINE shipping lines want cashless transactions in the payment of arrastre and stevedoring fees, saying this will cut transaction time as well as minimize...

ICTSI net income soars 42% in first half

INTERNATIONAL Container Terminal Services, Inc (ICTSI) reported a 42% jump in first-half net income to $60 million from $42.4 million year-on-year, thanks to higher...

Shipping firms bring EU to court over sanctions

Thirty-six entities headed by Hamburg-based shipping company Ocean Capital Administration are seeking legal redress from the financial sanctions imposed on them by the European...

OOIL net profit down 38% from lower freight rates on east-west trade

Orient Overseas (International) Limited (OOIL) announced a profit after tax of US$175 million for the first six months ended June 30, 2011, down $105.3...

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