Unmasking the extent of container shipping’s potential overcapacity
Courbevoie : Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity
PSA Singapore enhances service route productivity through Port to Port collaboration
SINGAPORE : PSA Singapore has made significant strides in enhancing service route productivity on the Singapore Qinzhou Shuttle (SQS) Service. By optimising ship schedules and routes, PSA has
Logistics Trade Bodies unite in calls for Industry Action on New EU Import Declarations
LONDON : Global and European trade associations representing shippers, forwarders and vessel operators have issued an urgent alert to all businesses involved in the movement of goods into
India asks Iran to release nearly 40 of its sailors detained from 4 ships
TEHRAN : India has asked Iran to release nearly 40 Indian seafarers who were detained from four different merchant ships seized by the Persian Gulf country over the
Hapag-Lloyd with good start to 2024 in first quarter of year
HAMBURG : Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million(EUR 868 million). Compared to the same quarter of the previous year,
HMM reports strong first quarter financial results
SEOUL : South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in
ICTSI plans to build $800 million container terminal in the Philippines
PHILIPPINES : International Container Terminal Services, Inc. (ICTSI) plans to build a new terminal in Bauan in Batangas. The new $800 million terminal will be the largest privately
Red Sea crisis sees 2M separation go into reverse
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has
Inmarsat ‘Digital Wave’ Report explores importance of connectivity onboard ‘Floating Offi
LONDON : Inmarsat Maritime, a Viasat company, has launched a new report Digital Wave: Transforming vessels into floating offices and remote homes. The report explores the growing importance of
Largest made-in-Vietnam bulk carrier launched
HAI PHONG : The largest-ever made-in-Vietnam bulk carrier was recently launched by Nam Trieu Shipbuilding Company Limited in the northern Port City of Hai Phong. The 65,000 DWT