Asia Logistics News - page 4

 

Oil Prices: Chinese Data Eases Concerns

Sep 30, 2019

Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month, easing concerns about demand amid the ongoing trade war with the U.S. Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT and U…

Pelita Samudera Buys Handysize Bulker

Sep 18, 2019

Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million.  PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares…

India to Promote Sea and Coastal Tourism

Aug 02, 2019

To explore the opportunities in Coastal Tourism, the Shipping and Tourism Ministry may soon set up a committee that will think of strategies to promote cruises and sea sports, the government of India said.The Minister of State for Shipping Mansukh…

MOL Indonesia Celebrate 25th Anniversary

Jul 29, 2019

Japanese shipping major Mitsui O.S.K. Lines (MOL) celebrated a major milestone-25 years since the launch of MOL business operations in Indonesia.The carriers of containerized and other cargo said in a press note that it has hosted a party in Jakarta for about 200 attendees…

OOCL Hong Kong’s Maiden Call to Hong Kong

Jul 25, 2019

OOCL Hong Kong, the third largest cargo container ship in the world, docked in the port of Hong Kong for the first time on Thursday.The Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) said…

Kogas, EVC Pact for Vietnam LNG Terminal

Jul 25, 2019

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…

GAC Mulls Expansion

Jun 10, 2019

The shipping & logistics company GAC is tapping into the growing contract logistics business potential of the Asia Pacific, Indian Subcontinent and Middle East, with plans to further develop and expand in its operations in the regions.That was the message Lars Bergström…

Sri Lanka, Japan, India Pact on ECT

May 31, 2019

The three governments of Sri Lanka, Japan and India have signed a Memorandum of Cooperation (MoC) for the development of the East Container Terminal (ECT) located in the Colombo South Port.'As a hub of the Indian Ocean, the development of Sri Lanka and openness of its ports are of great importance…

Adani to Develop Container Port in Myanmar

May 23, 2019

India’s largest private multi-port operator Adani Ports and Special Economic Zone (APSEZ) will set up its first container terminal outside India in Myanmar at an estimated cost of US$ 290 million.Adani Group said that all requisite permissions…

Yang Ming Establishes Indonesia Subsidiary

May 15, 2019

Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today (16th May 2019).PT Yang Ming Shipping Indonesia will have branch offices at Surabaya…

Bahri Expands Footprint in Asia-Pac

Apr 16, 2019

The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends…

Fitch Bullish on Asia-Pacific Ports

Apr 05, 2019

Revenue stability and capex plans are the main drivers of credit rating differences among Asia-Pacific ports, according to a new Fitch Ratings report. Leverage and debt structure also set apart the ratings.Revenue stability, due to strong volume or price attributes…

Philippines Greenlights LNG Terminal Project

Mar 08, 2019

Philippine power producer First Gen Corp said on Friday it has learned that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN Batangas LNG Terminal Project.First Gen, which operates four power plants with a combined capacity of 2…

Port of Manila Cargo Flow Improves

Mar 06, 2019

The Port of Manila decongested its yard space by removing some overstaying containers said a port representative.The collaborative synergy between Asian Terminals Inc. (ATI), port authorities and international shipping lines has yielded positive…

HMM CEO to Step Down

Feb 21, 2019

Chang Keun Yoo, president and CEO of South Korea container line Hyundai Merchant Marine (HMM)  has decided to resign from his position next month.Chang-Keun Yoo has been Chief Executive Officer and President of Hyundai Merchant Marine Co. Ltd since April 02…

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Finance: Investors Become Super-Bullish on Oil

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