Wan Hai announces new budget for second-hand ship purchases
TAIWAN : Wan Hai Lines has launched another war chest for another round of second-hand ship acquisitions. The Taiwanese liner operator has set aside another US$200 million for more vessel purchases, after buying 12 ships with
CMA CGM adjusts overweight surcharge from China to Nigeria
MARSEILLES : The French shipping company CMA CGM has announced the adjustment of its overweight surcharge (OWS) in shipments from China to Nigeria. Particularly, the world’s third-largest carrier will revise its OWS for containers transferred from
19 countries sign declaration for ‘green shipping corridors’
NEW YORK : The Clydebank Declaration was launched at COP26 with 19 states with the aim to set zero-emission maritime routes between two or more ports. In a Mission Statement the signatories said they
New record 81 containerships waiting outside LA/LB ports
LOS ANGELES : According to the Marine Exchange of Southern California there were 81 containerships either at anchor or loitering in drift areas in San Pedro Bay waiting to dock at LA/LB. Some 30
Wan Hai reassigns ships from congested US west coast to intra-Asia routes
TAIWAN : Wan Hai Lines has begun diverting ships from its Asia-US west coast service to its core intra-Asia services after severe congestion in Californian ports affected its sailing schedules. Announcing Wan Hai’s financial
Completion of Concept Study of Liquefied CO2 Carrier
TOKYO : Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO: Takeshi Hashimoto) in cooperation with Mitsubishi Shipbuilding Co., Ltd. (MSB ; head office: Yokohama, Japan; President: Toru Kitamura) of the Mitsubishi Heavy Industries Group,
How digitalisation supports trade collaboration
LONDON : In these times of innovation and rapidly advancing digital technology, staying relevant has never been more important. Digitalisation is becoming increasingly important in our everyday lives and especially in facilitating trade. This
Top operators queue up for JNPT privatisation
MUMBAI : Top port operators such as Adani Ports and Special Economic Zone Ltd, DP World, PSA International, APM Terminals, CMA Terminals Holding, Terminal Investment Ltd and JM Baxi Group are among the 12