World cargo air freight continues to tumble—IATA

Declining business confidence and a switch to cheaper modes of transport caused…

Indonesian port to raise box storage charges 500%

Indonesia’s state-owned port operator PT Pelindo II announced plans to increase container…

CSAV not selling container business

Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has refuted earlier…

Carriers anticipate losses in 2011, take gloomy outlook of 2012

Global container shipping lines are anticipating losses for the full year 2011…

CSAV posts Q3 loss, mulls sale of boxline operations

Chilean Compañía Sud Americana de Vapores or CSAV is considering selling its…

Zim hit with $66-M loss in third quarter

Israel-based Zim Integrated Shipping Services has suffered a $66 million loss in…

MISC quits container shipping after $789-M loss

MISC Bhd has announced its departure from the container shipping business after…

Maersk to hike rates on Asia-Caribbean and Latin America routes

Maersk Line will implement a number of general rate increases (GRI) and…

Maersk merges ICON and ‘Daily Maersk’ services

Maersk Line announced on November 25, 2011 that it will merge the…

Asia-Pacific air freight demand falters in October

International air freight demand showed “a continuation of established trends” this year,…