ONE forecasts 94% plunge in full year profit
SINGAPORE : Ocean Network Express (ONE) has forecast a profit of $851 million for the year ended 31 March 2024, down some $14.1 billion on the previous year.
PSA Singapore and Pacific International Lines expand Collaboration on Sustainability Solutions to De
SINGAPORE : In a collective journey towards achieving net zero greenhouse gases (GHG) emissions, PSA Singapore (PSA) and Pacific International Lines (PIL) have signed a Memorandum of Understanding
MOL and Pyxis to expand Electric Vessel business in Singapore
SINGAPORE : Japanese shipping company Mitsui O.S.K. Lines (MOL) and Pyxis Maritime Pte (Pyxis) have signed a Memorandum of Understanding (MoU) to collaborate on the joint development and
CMA CGM transfers first peruvian grapes to Japan
TOKYO : CMA CGM’s Asia Central South America 1 (ACSA1) Service shipped the first load of Peruvian grapes to Japan. The milestone shipment arrived at CMA CGM’s Honmoku
India and Saudi Arabia nail shipping corridors to boost New Delhi-Gulf ties
NEW DELHI : After Saudi Arabia’s King Abdulaziz Port, commonly known as Dammam Port, was added to the India- Saudi-Iraq service route started by Singapore operated Bengal Tiger
Hapag-Lloyd increases rates from North Europe
HAMBURG : Hapag Lloyd increased its ocean tariff rates from North Europe to India, Pakistan, Red Sea, and the Arabian Gulf. This update will apply for all 20’
BoxcoWorld to invest 100 million AED in industrial-cum-logistics warehouse facility in Jebel Ali F
DUBAI : BoxcoWorld FZE, a leading transportation solutions enterprise that offers end-to-end multimodal logistics solutions, has signed a Memorandum of Understanding with DP World to invest AED 100
MSC adds Contecon Manzanillo to Far East-US service
GENEVA : Contecon Manzanillo S.A. (CMSA), a business subsidiary of International Container Terminal Services Inc. (ICTSI), is now part of Mediterranean Shipping Company’s (MSC) Santana service. MSC has
Shipping industry could lose $10 billion a year battling climate change by 2050
NEW YORK : Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the
NYK commences conversion to Ammonia Fuel for Pioneering Tugboat
Commencing modification to sail the World’s first ammonia-fueled vessel TOKYO : NYK has commenced conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat