China’s Cosco Shipping predicts $4.73 billion net profit in third quarter
BEIJING : China’s shipping giant Cosco Shipping Holdings is expecting its net profit attributable to the shareholders for the third quarter of 2021 to reach 30.49 billion yuan
ONE restarts Oakland call at UK-Asia service
SINGAPORE : The Singapore-based shipping line Ocean Network Express (ONE) will restore Oakland call in its Asia-US service on 13 November, which had been ceased since 2019. Particularly,
MAN Energy Solutions and DP World sign cooperation agreement
DUBAI : MAN Energy Solutions has signed a cooperation agreement with DP World, the leading provider of smart logistics solutions. Effective immediately, the agreement targets common progress in
COSCO launches express alternatives to US West Coast
BEIJING: COSCO Shipping Lines (COSCON) is launching Transpacific BCO Express Line this week, comprising the Prince Rupert express line (CEN-EXPRESS) and the Los Angeles express line (CEN-PLUS) Using
Hapag-Lloyd CEO: ‘We are probably in the peak of the problems’
HAMBURG : Congested ports. Clogged supply chains. Capacity shortages. Much of Hapag-Lloyd CEO Rolf Habben Jansen’s third-quarter overview had a familiar refrain, one likely to be heard again
Biden administration pushing shippers, carriers to expand operating hours
NEW YORK : Big-box retailers and their rail- and truck-carrier partners are the next targets of a more round-the-clock operating regime being coordinated by the Biden administration to
North Asia-to-USWC rates lower as short-term capacity relieves supply shortfalls
North Asia-to-US West Coast all-inclusive rates continued to edge down in the week ended as additional ship charterers entered the market, while Southeast Asia-to-US premiums rebounded. “Some carriers
Toymakers in US race to get products on shelves amid supply clogs
NEW YORK : Running out of time to get its products on store shelves ahead of the holidays, the Basic Fun toy company made an unprecedented decision: It’s
PSA Singapore Receives Environmental Award
SINGAPORE : PSA Singapore has received Singapore’s President’s Award for the Environment for its significant efforts towards reducing carbon emissions in its operations through electrification and use of
Maersk to Test Air Lubrication Technology on Boxship
Maersk has become the latest large shipping company to plan a trial using air lubrication as a tool to help improve vessel efficiency and reduce emissions. An established