Maersk plans September rate increase

 The world's biggest container shipping company Maersk Line plans to raise freight rates on routes from Asia to Northern Europe by US$400 per TEU.

Vietnam Airlines IPO likely in mid-November

Vietnam Airlines plans to launch an initial public offering in November, aiming to raise more than US$70 million through the sale of a five percent stake.

Yuan depreciation increased the payments on dollar-denominated debt
Air China profit slides on forex losses

China flagship carrier Air China said foreign-exchange losses pushed its net profit down 58 percent during the first half of the year even as revenue from air travel grew by seven percent to about $8 billion.

Qatar Airways muscles in on rivals

Doha-based carrier Qatar Airways is potentially aiming to take market share from rivals Emirates Airline and Etihad Airways in their own backyard.

Japan to increase Narita landings and takeoffs

The Japanese government plans to increase landings and takeoffs during evening hours at Narita International Airport near Tokyo by six percent.

NZ flag carrier's annual profit surges

National carrier Air New Zealand's annual profit jumped 44 percent in the year through June as it carried more passengers and increased earnings.

CEVA to open larger facility in San Diego market

Supply chain management firm CEVA Logistics plans to expand its presence in San Diego with a new facility totalling 125,000 sq ft and 23 dock doors.

Prince Rupert port lures US containers

Prince Rupert, a remote port luring tourists with the slogan “Where Canada's Wilderness Begins,” may get a new motto: Asia's Gateway to Chicago.

Unsworth Global Logistics marks 40th anniversary

Unsworth Global Logistics, one of the first logistics firms to create an online integrated freight quotation for clients, is celebrating its 40th anniversary.

More Breaking News
Stephen Gumley was hired by Hutchison to set up new ­Australian terminals
Hutchison CEO exits amid Aussie ports fight

Hutchison Ports' Australian ­operations are set for a management overhaul with chief executive Stephen Gumley planning to leave the ports group next week as it battles to establish a business in Australia.

“The growth of China and Russia/CIS...
Cargonews Asia interviews Evgeniy Reznikov, Business Development Director of A.R.T. Logistics Ltd.
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