The health of the world's economy continues to deteriorate as insufficient demand, unemployment and the ongoing debt crisis in Europe undermine recovery efforts, results of the ICC-Ifo World Economic Survey revealed.

UPS has expanded its distribution network for healthcare manufacturers in the Asia-Pacific region.

Event to Explore Emerging Markets and Asian Opportunities

Pirate attacks off the Somali coast have declined by more than 54 percent, leading to a softening of insurance premiums for the global shipping community but raising controversy surrounding the use of onboard private armed security contractors, according to the International Maritime Bureau's Piracy Reporting Centre.

Damco, the global freight forwarder and logistics service provider, said it will acquire Pacific Network Global Logistics, a freight forwarder operating in China and Australia.

Encompass Global Logistics LLC, a third-party logistics provider operating in the trans-Pacific trade, has made enhancements to its refrigerated service.

APL Logistics has opened its first Quality Assurance Centers in Bangladesh, in Dhaka and Chittagong. The company has a 30,500-square-foot center in Gazipur, Dhaka, along the Dhaka-Chittagong highway.

Freight volumes in the Asia-Pacific region fell 4.4 percent, year-over-year, in August, a drop in line with the 4.1-percent, year-over-year, decrease in cargo capacity the area recorded last month. Such losses aren't exclusive to August, however; last month marked the sixth consecutive month of cargo declines in the Asia-Pacific, according to Association of Asia Pacific Airlines statistics.

Consumers in India and China are the new kings and queens of the global economy. They have fast-changing tastes and appetites, and they are transforming the world with their consumption.

A year after a flooding disaster in Thailand took out a large portion of hard-disk drive production, the industry has fully recovered with shipments to the computer market expected to hit a record level this year.