DHL prepares for increased airfreight demand in Asia
04-26-2010
- German express delivery giant DHL is taking measures to boost air freight capacity in its forwarding division to cater to increasing demand from Asia.
The logistics group has accordingly enlarged its air freight network..
Modest recovery forecast for box trade
04-26-2010
- Despite strong volume increases in the opening months of this year, worldwide ocean container trade is expected to see only a modest recovery over the next couple of years, growing by around 11 percent in 2010 as a whole..
$667m hub port to be built in Indonesia
04-26-2010
- Indonesian port operator Pelindo II will develop a new hub port in Karawang, West Java, Bisnis Indonesia reported.
The new port will have an annual capacity of 10 million TEUs.
The state-owned enterprise (SOE) will pre..
China ports cautious despite rise in volumes
04-26-2010
- Sharp increases in cargo volumes in the first quarter have not dispelled the shadow cast by the recession. The slow and wobbly recovery in demand leaves analysts cautiously optimistic about growth in trade the rest of th..
China-Russia-Korea-Japan sea route to open
04-26-2010
- Korea, China, Japan and Russia have agreed to launch a regular shipping line to Japan from the mouth of the Tumen River from early next year.
The government of Hunchun in China's Jilin Province, Korea's Dongchun Shippin..
DHL Express operations back to normal
04-23-2010
- German logistics group Deutsche Post said its DHL Express operations have nearly returned to normal, following the re-opening of German airspace after it was closed due to the volcanic eruption in Iceland, Dow Jones repo..
Shanghai International Port's net profit surges 39% in Q1
04-23-2010
- Shanghai International Port Group Co, China's largest port operator, announced yesterday that its net profit jumped 39% to RMB 1.02 billion in the first quarter of this year from RMB 733.9 million in the same period of 2..
China Shipping Container Lines posts sharp profit fall in 2009..
04-23-2010
- China Shipping Container Lines Company Limited (CSCL) on Thursday posted a loss of 6.49 billion yuan (950.31 million U.S. dollars) in 2009, down from a net profit of 134.69 million yuan in 2008.
Revenues fell to 19.94 b..
DHL foresees rising demand for north Asia-Mideast trade
04-22-2010
- DHL has announced it will focus efforts on the growing trade between north Asia Pacific and emerging markets in Middle East and Africa, which, at present, was experiencing rapid growth in chemicals and life science expor..
Abu Dhabi tonnage up 22% in first quarter
04-22-2010
- Abu Dhabi International Airport maintained a robust performance on cargo with a 22.2 percent increase in tonnage in the first quarter of 2010 compared with the same period last year.
The month of March saw similar growt..