AMAZON.COM, the world’s largest online retailer, will set up a major distribution centre in the south western Nanning city, Xinhua reports. Seattle-based Amazon has signed a deal with the Economic and Technological Development Zone in Nanning to build its distribution centre in the city, capital …
0AMAZON.COM, the world’s largest online retailer, will set up a major distribution centre in the south western Nanning city, Xinhua reports. Seattle-based Amazon has signed a deal with the Economic and Technological Development Zone in Nanning to build its distribution centre in the city, capital …
The Jakarta Globe reported that customs officials have seized 113 containers of imported scrap steel that they contend is actually hazardous waste and for which the importer could face up to 15 years in prison for smuggling. During an inspection of the containers at Tanjung …
GENEVA’s Mediterranean Shipping Company (MSC) has received the third in a series of five ships ordered in October 2007 from the Daewoo Shipbuilding & Marine Engineering (DSME) in Korea to be chartered on its Far East-north Europe Lion service along with MSC Trieste delivered December …
MAERSK Line has announced it will increase Asia-Europe routes with a US$775 per TEU effective March 1, which is more than double the current spot market price. The general rate increase will be applied to all dry and reefer cargo shipped from any Asian port …
JAPANESE big three carriers, MOL, NYK and “K” Line suffered common losses of more than US$500 million from October to December or the third quarter of their fiscal year 2011 ending March 31, 2012 due to low demand, soft rates, appreciating yen, high oil prices …
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 …
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, …
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 …
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 …