Goodman China’s first half lifted by rising demand for logistics properties HONG KONG — Developer Goodman Group capitalized on the strong demand for prime logistics space in the country in the past six months, ending the first half of its financial year with 22 properties and 12 development projects.The Australia-listed logistics property developer has increased […]
Read More →Goodman China’s first half lifted by rising demand for logistics properties
on February 12, 2015in Uncategorized
US West Coast congestion ripples through supply chains
on February 9, 2015in Uncategorized
US West Coast congestion ripples through supply chains Containers stacked at the Port of Oakland Jan. 9, 2015. The port loads and discharges more then 99 percent of containerized goods moving through Northern California. Photo credit: Sheila Fitzgerald / Shutterstock.comAs negotiations between the International Longshore and Warehouse Union and waterfront employers drag on, the impact […]
Read More →US antitrust suit helps keep Kintetsu World Express in the red
on February 5, 2015in Uncategorized
US antitrust suit helps keep Kintetsu World Express in the red Major Japanese international freight forwarder Kintetsu World Express Inc. is still feeling the pinch of an antitrust class-action lawsuit in the United States, as it continued to bleed red ink in the first three quarters of fiscal 2014. The Tokyo-based company said on Thursday […]
Read More →Rising China demand sees GLP accelerate logistics property development
on February 5, 2015in Uncategorized
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 […]
Read More →China slowdown will have limited impact on container trade, carriers say
on January 29, 2015in Uncategorized
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 […]
Read More →Tight Hong Kong warehouse supply will test logistics budgets this year
on January 28, 2015in Uncategorized
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 […]
Read More →Shanghai warehouse supply to rise sharply this year, Colliers says
on January 26, 2015in Uncategorized
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 […]
Read More →SingPost buys New Zealand forwarder to boost regional network
on January 26, 2015in Uncategorized
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 […]
Read More →Blue Dart denies report that DHL will sell stake to Amazon
on January 23, 2015in Uncategorized
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 […]
Read More →Logistics complex serving Brazilian port Santos opens
on January 22, 2015in Uncategorized
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 […]
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