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Regional Updates - Asia

  Menlo Worldwide Logistics Expands Operations in Singapore

Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc., opened its 37,000 square meter warehousing and retail distribution management centre in Singapore today. [Read more]

   China, Taiwan Sign Agreements On Improving Direct Trade, Transportation

The negotiators from China and Taiwan have signed a number of agreements aimed at improving direct trade, air traffic, shipping, postal services and food safety alerts between the two countries, said officials on Tuesday. [Read more]

 

Aramex launches its new route from China to Europe

Aramex has launched a new Sea-Air route from China into Europe. The new service is a faster and a more cost-effective delivery solution for shipments between Asia and Europe. Aramex will utilise Vancouver as a new transit hub thereby avoiding congestion in other cities. The company has also secured available ocean capacity from China as well as guaranteed airfreight slots from Canada into the UK, the Netherlands and France. [Read more]

 

Aramex closes key acquisitions and forms Joint Ventures in Asia and Turkey

Dubai, UAE; December 08, 2010: In line with its long-term strategy to strengthen its presence in emerging markets, Aramex, the global logistics and transportation solutions provider, today announced a series of strategic acquisitions and partnerships in Turkey, Malaysia, Bangladesh and Vietnam. [Read more]

 

China, Japan and Vietnam in logistics deal

A co-operation agreement on setting up policy dialogues related to the logistics sector was signed between Viet Nam and Japan on Monday. Present at the ceremony were Deputy Minister of Industry and Trade Ho Thi Kim Thoa and Japan’s Deputy Minister of Economy, Trade and Industry Tadahiro Matsushita. [Read more]

China’s exports slow as Germany’s grow

The latest trade figures from China are being seen as evidence that its economy is slowing down whilst its trade surplus may be shrinking. The figures released by the Chinese General Administration of Customs for December showed both lower import and export growth, with imports growing by 11.8% year-on-year as compared to November's figure of 22.1%. The figure for exports was a year-on-year growth of 13.4%; which is roughly flat over the past 12 months. [Read more]

 

Ship Lines Delay Asia-U.S. Rates Plan on Unpredictable Cargo

Container-shipping lines delayed announcing targets for next year’s rates on Asia-U.S. routes as they struggle to forecast volumes amid unsteady economic growth and an expanding global fleet.

“No one is able to predict even the near-term outlook,” Brian Conrad, executive administrator at the Transpacific Stabilization Agreement, a group of 15 container lines, said yesterday in Shenzhen, China. Publication of the TSA’s annual rates guidelines, which usually happens around this month, may be delayed until early next year, he said. [Read more]
 

 

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