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Latest news on the shipping, logistics and cargo industry

OOIL profit down 90 percent to $181 million

Orient Overseas (International) Limited (OOIL) announced a profit for 2011 of US$181.6…
  • March 14, 2012
  • 2 minute read

UPS close to clinching buyout of TNT Express?

U.S.-based United Parcel Service (UPS) is said to be close to inking…
  • March 12, 2012
  • 1 minute read

TCIT of Vietnam sets new productivity record

The Tan Cang-Cai Mep International Terminal (TCIT) in Vietnam said it set…
  • March 12, 2012
  • 1 minute read

MCC revises Shanghai 1 service

Intra-Asia trade specialist MCC Transport, based in Singapore, is revising its Shanghai…
  • March 12, 2012
  • 1 minute read

MOL links up with RCL on new Singapore-Yangon loop

Japan’s Mitsui O.S.K. Lines (MOL) announced the opening of the new route…
  • March 12, 2012
  • 1 minute read

Hong Kong AAT cargo traffic rises 23% in February

Asia Airfreight Terminal (AAT), a cargo terminal operator at the Hong Kong…
  • March 12, 2012
  • 1 minute read

Panalpina reverts to profit in 2011

Panalpina achieved a profit of CHF127 million (US$139 million) in 2011 from…
  • March 9, 2012
  • 2 minute read

Deutsche Post DHL marks double-digit earnings gain

Deutsche Post DHL, the world’s leading postal and logistics group, reported significant…
  • March 9, 2012
  • 2 minute read

CMA CGM swings to net loss of $30 million

CMA CGM, the world’s third largest container shipping group, reported a net…
  • March 9, 2012
  • 2 minute read

2011 PH cargo throughput up 4%; box volume grew 9%

The Philippines’ cargo throughput grew 3.97% to 177.334 million metric tons (mmt)…
  • March 8, 2012
  • 2 minute read