CHILE’s Compania Sud Americana de Vapores (CSAV), the world’s 14th biggest carrier, is receiving a capital injection of US$347 million from Quinenco and Marinsa, believed to be the first phase of a planned $1.2 billion investment. Quinenco subscribed to $247 million of newly issued shares, …
General shipping 0CHILE’s Compania Sud Americana de Vapores (CSAV), the world’s 14th biggest carrier, is receiving a capital injection of US$347 million from Quinenco and Marinsa, believed to be the first phase of a planned $1.2 billion investment. Quinenco subscribed to $247 million of newly issued shares, …
SINGAPORE’s Maritime and Port Authority has reported a 5.3 per cent increase in container movement in 2011, having handled 29.9 million TEU compared to 28.4 million TEU in 2010. December container volumes are expected to increase 11 per cent to 2.6 million TEU year on …
Global economic uncertainty and Middle East political turmoil are doing little to dim the attraction of emerging markets, which show signs of reducing their dependency on developed markets as they compete to be the trade hubs of the future, according to latest Emerging Markets Logistics …
PETALING JAYA: There should not be any issues to develop a third terminal in Port Klang in view of the probable capacity constraints to handle the expected increase in movement of goods in five years. Glenn Marine Group Malaysia chief executive officer Brian Paul said …
KUALA LUMPUR, Jan 17 (Bernama) — The country’s total trade is projected to grow by seven to eight per cent this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. From January to November 2011, Malaysia’s total trade amounted to RM1.16 trillion with …
EVERGREEN’s founder chairman Chang Yung-fa predicts the global economy in 2012 will not likely to recover due to week demands of the European and American markets, slow livelihoods consumption and sluggish electronic industry, reports Taiwan’s Economic Daily News. Mr Chang says it will be hard …
MALAYSIA’s Port of Tanjung Pelepas (PTP) throughput totalled 7.5 million TEU in 2011, representing an increase of 15 per cent year on year and outperforming global volume growth by seven per cent. The sharp increase was driven by strong organic growth from existing customers as …
MOL president Koichi Muto says last March’s Japanese earthquake has hit his company hard, compounding the effect of a deteriorating business environment, which coupled with a strong yen, high fuel prices and sinking rates due to oversupply, are combining to create an industry-wide downturn. As …
OOCL ends slot deal on Emirates’ Asia and India-Pakistan string Logistics sector in 2012 to be marred by slow demand, low rates MASkargo probed for corruption, as part of internal cleanup Shanghai rate index rises sharply on all major routes as 2011 ends Sino-Singaporean joint …
HYPE over the launch of the Daily Maersk service on the Asia and Europe route stresses its “conveyor-belt” regularity, but the real value is the promise of service guarantees, says Drewry’s Schedule Reliability Insight. The carrier offers daily cut-offs at four origin ports in Asia …