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Latest news on the shipping, logistics and cargo industry

ZIM closes 2011 with $397-M net loss

Zim Integrated Shipping Services ended 2011 in the red, reporting a net…
  • April 2, 2012
  • 2 minute read

Singapore port operator’s net profit dips

Singapore’s PSA International reported a net profit of S$1.14 billion (US$909 million)…
  • April 2, 2012
  • 1 minute read

Maersk plans GRIs on Asia-US cargo

Maersk Line, the world’s biggest shipping container line, announced it will implement…
  • April 2, 2012
  • 1 minute read

13 freight forwarders slapped with $225-M fine for price-fixing

The European Commission fined 13 major logistics companies a total of EUR169…
  • March 30, 2012
  • 2 minute read

Hapag-Lloyd to impose freight rate hike on Far East-Europe corridor in May

Germany’s Hapag-Lloyd announced a rate increase of US$400 per 20-foot equivalent unit…
  • March 30, 2012
  • 1 minute read

Vietnam shipping sector facing bleak future?

Vietnamese shipping lines have been losing out to international rivals in recent…
  • March 30, 2012
  • 1 minute read

Changi Airport unveils $12-M cargo incentive package

Singapore’s Changi Airport Group (CAG) has laid down a nearly US$12-million (SGD15…
  • March 30, 2012
  • 2 minute read

Cebu 2011 cargo throughput up 5.4%

Philippine ports under the Cebu Port Authority (CPA) registered a throughput of…
  • March 29, 2012
  • 2 minute read

LBC is PH’s top domestic airfreight forwarder

LBC Express, Inc was the Philippines’ leading domestic airfreight forwarder in 2011,…
  • March 29, 2012
  • 2 minute read

Maersk CEO goes on extended sick leave

A.P. Moller-Maersk, the Danish shipping and energy conglomerate, said CEO Nils Smedegaard…
  • March 28, 2012
  • 1 minute read