News
12.02.24
Hong Kong-Guangdong Cross Boundary Private Cars to Be Allowed
To further facilitate the economic, social and cultural exchanges between Guangdong Province in South China and Hong Kong, the Hong Kong Special Administrative Region （HKSAR） Government will imp...
12.02.24
US-Korea Bilateral Trade Pact to Take Effect March 15
The U.S.-South Korea trade agreement will enter into force on March 15, 2012. Both countries exchanged diplomatic notes in which each side confirmed that they had completed their applicable legal ...
12.02.17
Canada to Asia Lines Unveil General Rate Increase
Effective March 15, 2012, member carriers in the Canada Transpacific Stabilization Agreement （CTSA） intend to raise Asia-Canada rates by US$400 per FEU, with other equipment sizes rated per form...
12.02.16
Carrier Groups Adjust Upward Their Proposed Rate Hikes
Informal Rate Agreement （IRA）, Informal South Asia Agreement（ISAA） and Informal Red Sea Agreement （IRSA） lines have said they will adjust upward their rate recovery plans announced in Decemb...
12.02.15
Korea-China Container Volume by Ferry Grows 8% in 2011
The overall volume of containerized shipments handled in international car ferry services was steady in 2011, going up 5.8% year on year to 581,000 TEUs, according to South Korea’s Ministry of Lan...
12.02.14
TSA Lines Unveil 2012-13 Revenue Recovery Program
As container shipping lines face estimated 2011 losses in the billions of dollars across their global networks, including the transpacific trade, member carriers in the Transpacific Stabilization ...
12.02.13
Singapore to Implement Advance Export Declaration from Apr 1, 2013
With effect from April 1, 2013, Singapore Customs will require declarations for the export of all goods to be submitted prior to the goods leaving Singapore. This initiative, known as Advance Expo...
12.02.10
Asia to Europe Container Traffic Grows 3.3% in 2011
The volume of containerized shipments transported westbound from Asia to Europe in December 2011 remained nearly unchanged from a year earlier, increasing a minute 0.77% to 1,204,800 TEUs, accordi...
12.02.07
Asia to Europe Lines Rush to Rate Hike Moves
The unprecedented plunge of freight rates coupled with the sharp increase of bunkers and the deterioration of operational conditions in Asia has prompted shipping lines in the Asia to Europe trade...
12.02.06
Intra-Asia Container Traffic up 6.1% to 14.147 Million TEUs in 2011
The combined volume of containerized shipments handled by major shipping companies on the intra-Asia trade in 2011 was steady on almost all routes. The total was 14,147,000 TEUs, a year-on-year in...
