France will impose 300% import duty on Indonesia’s CPO

Currently, the French Parliament is working on legislation which contained the plan implementation duties amounting to 300 per cent for CPO from Indonesia. The reason, CPO containing saturated fat is considered not good for health. As the country's largest palm oil...

CSCL participates in UASC's new GEM service linking Mideast to India

CHINA Shipping Container Lines (CSCL) is teaming up with United Arab Shipping Company (UASC) on its new GEM service connecting Turkey, Port Said, Red Sea, Middle East Gulf, Pakistan and India. The first GEM sailing is scheduled for November 22. The service will call...

MAERSK LINE in the black after four quarterly losses

Rebounding container rates helped Maersk Line post a third quarter operating profit of $547 million compared with a loss of $255 million and made parent A P Moller-Maersk raise the group's full-year outlook. Group chief executive Nils Smedegaard Andersen cautioned rates...

CSAV back in black with US$37 million third quarter operating profit

CHILE's flag carrier CSAV restored its profitability by posting an operating profit of US$37.3 million in the third quarter after suffering from losses in previous eight quarters, reversing a huge operating loss of $354.9 million a year earlier. But CSAV is still sailing...

DHL Global Forwarding launch LCL direct service Jakarta-Hamburg

DHL Global Forwarding, the air freight and sea freight company that belongs to Deutsche Post DHL, has announced the launch of Less than Container Load (LCL) between Jakarta (Indonesia) and Hamburg (Germany). Delivery service, which was launched on Sept 13, at least...

NYK liner trade slides 250pc to post annual loss of US$571 million

JAPAN's second biggest container line, NYK, has posted an annual loss of JPY44.7 billion (US$571 million)in the liner trade business, down 250 per cent against last year's profit of JPY30.2 billion for the fiscal year 2011, ending on March 31, 2012. NYK, the world's...

Cathay Pacific to stop import of SHARK FIN to Hong Kong

Cathay Pacific has bowed to pressure from environmental groups and banned shark fin from its cargo flights as well as on its subsidiary carrier Dragonair. The move by the airline - believed by environmentalists to fly up to 50 per cent of all shark fin imported by air...

Garuda Indonesia will buy 100 planes worth IDR 37.5 trillion

In order to strengthen its position in commercial aviation, PT Garuda Indonesia (Persero) Tbk will gradually increase the number of aircraft. The company's ambition is to bring 100 units of aircraft until 2015. President Director of Garuda Indonesia, Emirsyah Satar...

Singapore's APL to quit Westbound Transpacific Stabilisation Agreement

SINGAPORE's APL, the container shipping arm of shipping group Neptune Orient Lines (NOL), is quitting the Westbound Transpacific Stabilisation Agreement (WTSA), the discussion forum covering the westbound trade from the US to Asia, with effect from September 1. APL...

CMA CGM cuts APL link, renews Far East-Red Sea Rex2 with Hanjin, Yang Ming

MARSEILLE's CMA CGM, the world's third largest shipping line, has announced the re-launch of its old service, with new partners, Hanjin and Yang Ming, from the Far East to the Red Sea ports starting July 22. The Rex 2 will replace the Rex 1 service, which has been operated...

EVERGREEN optimistic about box SHIPPING MARKET prospects in third quarter

VICE Chairman of Evergreen Bronson Hsieh says he is positive about the container shipping market in the third quarter as carriers have increased rates, kept his books balanced and even made a little profit despite weak US and European economies, Xinhua reports. Mr Hsieh...

Indonesia AirAsia intends to IPO in the first quarter of 2013

PT Indonesia AirAsia will offer it’s IPO in the first quarter of 2013. The move comes after AirAsia moved its regional operations center to Indonesia. Chief Executive Officer of AirAsia said the plan follows the steps taken by AirAsia X Sdn Bhd which will go public...

DHL opens Jakarta warehouse to meet high tech growth expectations

DHL Supply Chain, a provider of contract logistics solutions, has opened a new US$2.3 million multi-user warehouse in Cililitan, East Jakarta, to meet anticipated growth from the technology sector and pursue an ongoing plan to improve its facilities in Indonesia. This...

CHINA will build 70 NEW airport until the year 2015

China will build 70 new airports in the next three years. China ambitious expansion comes amid a slowing local economy. Head of Civil Aviation Administration of China (CAAC), Li Jiaxiang, added from 2012 to 2015, local airlines will add 300 fleet per year. It is also...

MAERSK LINE to restructure, terminate 400 jobs

Danish oil and shipping group A P Moller-Maersk said it would slash about 400 jobs as part of a restructuring of its struggling container shipping division Maersk Line. The group said in a statement that a key objective of the reorganization was faster decision-making...

GARUDA INDONESIA expects 10% rise in passenger numbers

PT Garuda Indonesia Airlines Limited (GIAA) targeting an increase in passenger numbers by 10% in the second quarter compared to first quarter 2012 of 4.6 million passengers. While the first quarter of 2011 compared with year-on-year (yoy), there will be an increase of...

LION AIR passenger numbers in the first quarter rose 10%

Indonesia national airline PT Lion Mentari Airlines or Lion Air successful a growing number of passengers during the first quarter of this year. The number of airline passengers increased by 10% over the same quarter last year. General Director of Lion Air, Edward Sirait...

Maersk posts a quarterly loss of US$599 million despite 18pc volume rise

DENMARK's AP Moller-Maersk Group has posted its first quarter results, which its container shipping unit Maersk Line suffered US$599 million year-on-year loss despite a 18 per cent growth in volumes. The carrier said the average freight rate fell nine per cent compared...

MANDALA AIRLINES will focus on international routes

This year, Mandala Airlines will give priority to the opening of the international route rather than opening domestic routes. Currently, Mandala Airlines has been serving local route from Jakarta to Medan and international route Medan – Singapore. On Friday (4/5), Mandala...

China Cosco's loss widens to $428m

China Cosco Holdings’ net loss deepened in the first quarter as the company's dry-bulk business slumped amid a slowdown in the global shipping industry, reported The Wall Street Journal. The Beijing-based shipping company said its net loss totalled US$428.2 million...

Indonesia bans US beef imports due to mad cow disease in dairy herd

INDONESIA has banned US beef imports because of mad cow disease in one American dairy cow and will not lift the ban until it is assured that the disease has been wiped out, said vice agriculture minister Rusman Heriawan. "We will lift the ban as soon as the US can assure...

GARUDA INDONESIA will fly to Italy in 2014

President Director of Garuda Indonesia, Emirsyah Satar said Garuda Indonesia is reviewing the opening of flight routes to Italy. If there is no obstacle, Garuda Indonesia plans to fly to Italy on 2014. "Route to Italy the most rapidly will be opened by 2014. There is...

Indonesia to invest US$2.47 billion to boost port's to 18 million TEU

INDONESIA Port Corporation (IPC), the largest port operator in Indonesia, is planning to invest US$2.47 billion in the development of Kalibaru Port, an extension to the existing Tanjung Priok Port in North Jakarta, Indonesia, according to UK's Port Technology International....

AIR ASIA Indonesia fly-thru service, Bandung-China

Air Asia Indonesia held a fly-thru service, linking Bandung with major cities in China. Bandung - China interconnection service which was launched two weeks ago it easier for passengers to fly to China, because it uses only one ticket although have to transit via Kuala...