ZIM closes 2011 with $397-M net loss

Zim Integrated Shipping Services ended 2011 in the red, reporting a net…

Singapore port operator’s net profit dips

Singapore’s PSA International reported a net profit of S$1.14 billion (US$909 million)…

Maersk plans GRIs on Asia-US cargo

Maersk Line, the world’s biggest shipping container line, announced it will implement…

Multipurpose shipping market share getting bigger, says Drewry

Last year (2011) saw the multipurpose (MPV) fleet recover some of the…

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

The European Commission fined 13 major logistics companies a total of EUR169…

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…

Vietnam shipping sector facing bleak future?

Vietnamese shipping lines have been losing out to international rivals in recent…

Changi Airport unveils $12-M cargo incentive package

Singapore’s Changi Airport Group (CAG) has laid down a nearly US$12-million (SGD15…

PH truckers seek stop to apprehension of trailers with white plates

The Confederation of Truckers Association of the Philippines (CTAP) is seeking indefinite…

Cebu 2011 cargo throughput up 5.4%

Philippine ports under the Cebu Port Authority (CPA) registered a throughput of…