TransPac container premium surcharges accelerate amid space shortage

Premium service surcharges have brought all-in rates above US$10,000 per FEU for…

PortCalls May 17, 2021

Our latest issue (PortCalls; May 17 2021.) Stories include: ARTA drafts circular…

Asian ports dominate ranks of world’s most efficient container ports

East Asian ports, led by Yokohama in Japan, dominate the Container Port…

Hapag-Lloyd reports $1.45B profit in first quarter

Net income improved to US$1.45 billion in the first quarter from $27…

Truck ban in Metro Manila returns starting May 17

The Metropolitan Manila Development Authority is reimposing the truck ban in Metro…

ARTA drafts circular on single travel pass for cargo trucks

The Anti-Red Tape Authority has drafted a joint memorandum circular prescribing guidelines…

Reefer freight prices escalate but still no match to dry freight rates

Weighted average of reefer freight rates jumped 26% in the first quarter…

NCR Plus under GCQ with “heightened restrictions” until end-May

NCR Plus (National Capital Region, Cavite, Laguna, Batangas and Rizal) is under…

Asia Pacific forwarding market to see fastest growth over five years

The regional freight forwarding market contracted by 8.5% last year Projected growth…

Kuehne+Nagel acquires Apex in $1.2B deal

Acquisition of Apex completed after satisfying all closing conditions Significant fulfillment of…