The first going venture air cargo service in China has been suspended due to falling volumes of freight. The Shenzhen-based carrier  was founded in 2004 and operated a fleet of six B747 extended range freighters to destinations including Frankfurt and Dubai, as well as Shanghai, Chengdu and other Chinese cities. The suspension is temporary to [...]

Although the monthly volume of container freight through China’s ports was the highest in history in the first half of 2011, growth began to slow down in the second quarter.  A shipping industry expert said that this was caused by a decrease in demand from overseas.  Growth in container freight volumes is expected to be [...]

A new container terminal at the port of Colombo in Sri Lanka will be built with the help of finance from China. The agreement between Sri Lanka Ports Authority and Colombo International Container Terminals (a consortium between a Chinese and Sri Lankan company) was signed in Shenzhen, China.  The Chinese government officially invited Sri Lankan [...]

The world wide economic climate resulting in lacking consumer confidence has meant that orders for consumer goods are falling below expectations, and ships are sailing below capacity.  Carriers on the Asia-US container lines usually introduce surcharges around mid-June.  But this year, the surcharges have been delayed because the main routes have excess shipping capacity. The [...]