Speedmark Air Transportation Pte. Ltd. granted 2020 Excellence Award
CONGRATULATIONS to Speedmark Air Transportation Pte. Ltd. for being granted the Excellence Award (Air Freight Forwarder) for the Year 2020 by the Changi Airport Group! This is an inaugural award given to companies who have demonstrated resilience, strength and empathy during the Year of 2020 when the world was hit with the COVID-19 Pandemic. A panel of judges selected companies...
Global Cargo Bottleneck expected into 2022
A global cargo bottleneck on the world’s roads, seas and air corridors could easily extend into next year, continuing to increase shipping costs, according to analysts. The global air-freight and ocean markets have undergone tremendous turbulence since late 2019. This has promised to be a windfall for truckers, airlines and maritime shipping lines. Retailers, manufacturers and anyone else who pays...
Vietnam Container Volume Up 8.5% in 2020, Expansion Underway
Vietnam container port volumes increased by 8.5% in 2020 to 16.94 million TEU, up from 15.62 million TEU in 2019. Growth was primarily driven by substantial terminals in Lach Huyen, in central Vietnam, and Cai Mep in the South province of Vung Tau, close to Ho Chi Minh City. Volume at Lach Huyen, a public private partnership between the government...
Taiwan Export Orders Surge
Taiwan’s exporters defied a global slowdown to post record orders in 2020, fueled by rising demand for chips and smartphones. Export orders climbed 10.1% last year to $533.7 billion, an all-time high, according to data from Taiwan’s Ministry of Economic Affairs. Orders surged 38.3% in December from a year earlier, the fastest pace since March 2010, to reach a new...