Judging from their actions, ocean carriers would love to toss out those irritating economics textbooks, with their tedious lessons about supply and demand. Too much capacity? No pricing discipline? Sluggish volume growth? Forget about it. Why should any of that prevent them from raising freight rates?
Commercial activities have now been started at Oman's Duqm Port, giving it a major boost in achieving its full potential in the coming years. The port in Wusta Governorate has been designed to receive millions of containers and handle general, bulk and liquid cargo, reports the Oman News Agency.
A.P. Moeller-Maersk A/S (MAERSKB), owner of the world's largest container-shipping company, plans to add more vessels to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark.
ART Logistics, a leading project logistics company focused on Central Asia, Russia and the CIS, has launched a twice-monthly less-than-truckload service connecting Europe to Mongolia.
Laos has made considerable progress in its efforts to develop connectivity and trade facilitation, a senior government official told the meeting of Asian-European Landlocked Developing Countries (LLDCs) in Vientiane.
Statistics show a stabilization of airfreight markets on the back of encouraging growth towards the end of 2012. Compared to the previous year, the International Air Transport Association's (IATA) latest global airfreight demand statistics show demand for airfreight was "apparently very strong" at the start of this January with a rise of 5.0 percent.
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