Asia Logistics News - page 3

 

Shipping Firms Warn Clients of Shenzen's Yantian Port Worsening Congestion

Jun 03, 2021

Major shipping companies have warned clients of worsening congestion at Shenzen's Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the city.Yantian International Container Terminal (YICT), one…

Asian Market, Fuel Prices Drive Freight Rates in Valenciaport

Jan 15, 2021

The Valencia Containerized Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates. The high demand for traffic with…

Jiasheng Gas to Build $380M LNG Terminal in Jiangsu, China

Dec 24, 2020

China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said…

Indonesia Inaugurates $3B 'Strategic' Port

Dec 20, 2020

Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new gateway would have a 'strategic' role in boosting the nation's pandemic-hit economy.The 43.2 trillion rupiah ($3.07 billion) port in the town of Subang…

Swire Shipping Deploys MV Lae Chief on (NAX) Service

Nov 12, 2020

Swire Shipping deployed its first 2,750TEU newbuild, MV Lae Chief, on its upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on November 5…

China's VLSFO Exports Rose By a Third in April

May 27, 2020

China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting…

LNG Tanker to Discharge First US Cargo in China in 13 Months

Apr 20, 2020

The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China…

China's Port Jam Eases, But Reefer Rates Soar

Mar 13, 2020

Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China.Thousands of refrigerated containers carrying meat…

India, Mauritius in Joint Hydrographic Survey

Dec 30, 2019

The Government of Mauritius has organized an event at Port Louis to mark the successful completion of hydrographic survey by Indian Navy ship INS Darshak over the past one month.The aim of the survey was to publish navigational charts and electronic…

Asia Boosts IMO Technical Cooperation

Dec 23, 2019

The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok…

Singapore Raises Concern over HHI-DSME Deal

Dec 02, 2019

The Competition and Consumer Commission of Singapore (CCCS) has expressed concern about the agreement of fusion notified from the South Korean shipbuilding groups Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering Co…

India Spends $1.9Bln on Port Expansion

Nov 21, 2019

The government of India has spent INR 13308.41 Crore ($1.9Bln) on infrastructure development and capacity augmentation of major ports in the country.A number of projects have been awarded in the last three years on upgradation of the major Ports…

Asian LPG Market to Cross $109Bln by 2024

Nov 11, 2019

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid…

Lloyd's Warns of Cyber Risks for Asian Ports

Oct 30, 2019

Lloyd's of London report stated that the cyber-attack on major ports across the Asia-Pacific could cost losses of up to $110 billion would occur in an extreme scenario in which a computer virus infects 15 ports.Despite the high costs to business and international trade…

India to Use Bangladeshi Ports

Oct 07, 2019

India can now use two crucial Bangladesh ports - Chattogram and Mongla - for shipment of its cargo, which will cut time and cost significantly, India's shipping minister Mansukh Lal Mandavia said.He has said that Indian Prime Minister Narendra…

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