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Rising China demand sees GLP accelerate logistics property development GLP’s growth in assets under management as at Dec. 31, 2014.HONG KONG — Global Logistics Properties (GLP) completed 6.8 million square feet of developments in China at a total investment cost of $308 million during the third quarter of its financial year.The Singapore-listed company expects to […]

China slowdown will have limited impact on container trade, carriers say Container carriers such as OOCL expect to see continuing growth in volumes out of China, despite the country’s economic slowdown.HONG KONG — Container carriers and logistics service providers in Asia are confident that the steady growth in exports from China will not be heavily […]

Tight Hong Kong warehouse supply will test logistics budgets this year HONG KONG — A scarce supply of industrial land will continue to push up warehouse rentals in Hong Kong, keeping landlords in the pound seats while ramping up operating costs for third party logistics providers.In its annual market review of Hong Kong, CBRE said […]

Shanghai warehouse supply to rise sharply this year, Colliers says HONG KONG — An estimated 10 million square feet of warehousing space will be completed in the Shanghai area this year, with one-third of the new developments located in the city’s bonded areas, according to global real estate firm Colliers International.
Driving growth in the logistics […]

SingPost buys New Zealand forwarder to boost regional network HONG KONG — SingPost has acquired a 90 percent stake in New Zealand forwarder Famous Pacific Shipping as the regional e-commerce logistics specialist expands its Asia-Pacific footprint.The Singapore-based company paid an initial amount of $2.7 million for the stake through its forwarding subsidiary Famous Holdings, and […]

Blue Dart denies report that DHL will sell stake to Amazon Blue Dart Express is denying that its parent DHL Express Singapore Pte. Ltd. is negotiating to sell its holdings in the Indian subsidiary to U.S. e-commerce giant Amazon. “We have been informed by DHL Express Singapore Pte. Ltd. that they are not now engaged […]

Logistics complex serving Brazilian port Santos opens Brazilian container terminal operator Grupo Libra has opened a 30 million reais ($11.7 million) bonded warehouse and logistics park to serve the port of Santos, the busiest container port in South America. The 70,000-square-meter complex, known as Libra Cubatão Logistics, is strategically located equal distances from the port […]

Construction begins on Oakland logistics hub-UP main line connection Construction began this week on a rail link that will connect a 360-acre logistics hub being built at a former Army base at the Port of Oakland with Union Pacific’s main line. “Connecting the Oakland Army Base to the national rail network is a milestone for […]

Columbarium conversion will breathe life into Kerry Logistics warehouse HONG KONG — Kerry Logistics is planning to convert one of its basic warehouse facilities in Hong Kong into a columbarium that will store the remains of up to 100,000 people, according to a local media report, a move that would appear to be a significant […]

Logistics sector holds gloomy outlook for Russia, survey finds HONG KONG — Russia’s potential as an emerging logistics market was downgraded by 66 percent of respondents in the sixth annual Agility Emerging Markets Survey that was released Monday, with an additional 10 percent of the logistics professionals surveyed believing the market has lost all potential. […]