News
15.11.13
IRA Recommends $100/TEU Rate Hike from Dec 1
The Informal Rate Agreement has recommended its members a rate restoration of $100 per TEU for cargo moving from Asia excluding Japan to the Middle East, effective December 1, 2015. The increase fo...
15.11.13
IADA Unveils Business Plan for 2015
The Intra-Asia Discussion Agreement (IADA) adopted a rate restoration program for 2016 on Wednesday. The carrier group has recommended quarterly rate restorations in 2016, each by US$50 per TEU and...
15.11.12
India’s Box Volumes Grow 1.9% in Apr-Oct Period
India’s 12 state-run ports handled a total of 4.761 million TEUs of containers from April to October, which grew 1.9% from the corresponding seven months of 2014, according to an announcement recen...
15.11.11
Shanghai FTZ Approves 135 Firms As Advanced Certified Enterprises
China (Shanghai) Pilot Free Trade Zone Administration and Customs have acknowledged 135 enterprises which have been registered in the Shanghai FTZ as Advanced Certified Enterprise (ACE), which is e...
15.11.10
New Delhi Levies Green Tax on Commercial Trucks
India’s Supreme Court has granted imposition of an environment compensation charge (ECC) on commercial vehicles crisscrossing Delhi in an attempt to reduce air pollution. The charges will be Rs700 ...
15.11.09
All Traffic in Manila Limited during APEC Meetings
All traffic in Manila will be strictly regulated during the period from November 16 to 20 due to the 2015 Asia-Pacific Economic Cooperation (APEC) Summit, which is being hosted by the Philippines. ...
15.11.06
11 Liner Carriers Reduce Their China Surcharges
Following a notice by governmental organizations to carry out cleanup and standardize shipping service surcharges, 11 liner shipping companies have decreased additional charges by about 50 percent,...
15.11.05
Korea Transhipment Boxes Rise 7.4% in Jan-Sept
Ports in in South Korea processed a total of 1.077 billion tons of shipments in the first nine months (January-September) of this year, registering a year-on-year increase of 2.2% from 1.054 billio...
15.11.04
New Hazmat Import Rules in Saudi Arabia
With effect from November 13, 2015, ports in Saudi Arabia will not allow the discharge of any chemicals in the port except for shipments that have been pre-cleared by the customs authorities, accor...
15.11.04
Shanghai-Europe Spot Rates Jump 327.7%
The China Containerized Freight Index (CCFI) stood at 744.44 points on the week ended October 30, 2015, up one point from the previous week, while the Shanghai Containerized Freight Index (SCFI) so...
