Clark gets P1B for airport modernization

Land Bank of the Philippines recently granted Clark International Airport Corp (CIAC)…

Maersk Group posts 7% growth in 2011 revenue

The A.P. Moller-Maersk Group saw 2011 revenue increase 7% to US$60.2 billion…

DACHSER South China new global partner of Lufthansa Cargo

DACHSER has become a new member of the cargo carrier’s top customer…

Maersk Line to increase Asia-Europe rates a second time

Danish container shipper Maersk Line announced a second rate hike this year…

CMA CGM announces revenue restoration program

CMA CGM announced on February 23 its new general rate increases and…

Asia cargo traffic drops 13% from ‘persistently’ weak trade

International air freight demand fell by 13.7 percent in January compared to…

Kerry Logistics takes full control of Spanish operations

Kerry Logistics, a leading global logistics services provider, has completed the acquisition…

Singapore Airlines makes 20% cargo capacity cut

Singapore Airlines (SIA) has implemented a 20 percent freighter capacity reduction as…

NOL reports $478 million loss in 2011

Singapore-based Neptune Orient Lines (NOL) announced a net loss of US$478 million in…

Indonesia port operator Pelindo II books 33% jump in net income

Indonesia’s state-owned port operator PT Pelabuhan Indonesia II (Pelindo II) achieved a…