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NOL to axe 1,000 jobs

Angeline Yeo | Singapore | 12 hours 36 min ago

Singapore – Singapore’s Neptune Orient Lines will slash its workforce by some 1,000 people in order to stay afloat in a shipping industry that is expected to undergo a severe slump next year.
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China set to be DHL’s biggest market

Staff Journalist | China | 12 hours 39 min ago

China – China is poised to be DHL’s biggest market after it exits the US Domestic Express business.
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FedEx delays launch of APAC hub

Angeline Yeo | China | 12 hours 45 min ago

China – FedEx has pushed the launch of its Asia Pacific hub from the end of 2008 to the first half of 2009, giving the company time to test the systems in the facility before it begins operations.
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Maersk lowers 2008 outlook

Staff Journalist | Singapore | Nov 18, 2008

Global – The global financial turmoil is hitting container shippers hard, with Maersk lowering its 2008 outlook.
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Tufton executive predicts 2 more years of shipping slump

Staff Journalist | Singapore | Nov 14, 2008

Global- According to a Tufton Oceanic Ltd executive, the shipping industry will continue in decline for at least two more years as the global fleet expands and a slowing world economy saps demands.
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Panalpina flag
Panalpina flag

Panalpina suffers nine-month profit loss

Angeline Yeo | Singapore | Nov 07, 2008

Asia – Panalpina has not been spared the effects of the global economic slowdown, registering some 25% fall in earnings before interest and tax.
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Singapore and Kuwait agree on open skies

Jerrel Yun | Singapore | Nov 07, 2008

Singapore- Singapore and the state of Kuwait have jointly announced the signing of an Open Skies Agreement (OSA) to facilitate full flexibility on air services operated by carriers of both countries.
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FedEx eyes India opportunities

Angeline Yeo | Singapore | Nov 04, 2008

India – FedEx, together with the US Commerce Department embark on trade mission to India this month to suss out business opportunities for US-based companies thinking of expanding into the country.
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Japanese big three savour last boom

Jerrel Yun | Singapore | Nov 04, 2008

Japan - NYK, MOL and "K" Line have released parallel strong figures in their latest fiscal reports, but echoes similar outlook on the dark clouds looming in the shipping industry heading towards recession.
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China to be fastest-growing aviation market

Jerrel Yun | Singapore | Oct 31, 2008

China - China will be the next top aviation market, said The Boeing Company in its latest current market outlook.
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