MSC’s TIL completes Italian box terminal takeover
GENEVA : MSC’s port operating arm, Terminal Investment Limited (TIL) has completed the acquisition of Terminal Darsena Toscana (TDT) in the Port of Livorno. In particular, TIL’s subsidiary
ZIM backs fintech startup firm
HAIFA : 40Seas, an innovative fintech platform for cross-border trade financing, was funded with US$111 million from the Israeli companies ZIM and Team8. In particular, the company’s US$11
MOL announces new series name and new hull color design for LNG-fueled car carriers
TOKYO : Mitsui O.S.K. Lines, Ltd, announced that it has decided on a new series name and a new hull color design for its car carriers, which are
NYK : Starlink onboard trials to improve Ship-Shore communication speeds
TOKYO : In December 2022, NYK conducted a trial use of Starlink, a satellite communication service operated by Space Exploration Technologies Corp. (SpaceX), on a ship managed by
Black Sea shipping rates rise as reinsurers cut cover
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk
Shipping Giants suspend bookings due to China’s strict port quarantine
Global shipping giants have told customers they are temporarily halting some bookings due to a suspension of service by feeder operators in southern China Analysts say weeks-long suspension
COSCO signs Tianjin Container Terminal acquisition deal
SHANGHAI : COSCO SHIPPING Ports (Tianjin) and China Shipping Terminal Development Co. (CSTD) have signed the Tianjin Container Terminal (TCT) joint venture agreement and the articles of the
Shipping Stocks Jump in Asia as Omicron Variant threatens supply chains
HONG KONG : Shares of shipping companies are trading higher in Asian markets as a fast-spreading variant of Covid-19 increases the prospect of supply-chain disruptions that could keep
ONE and Hapag-Lloyd to suspend feeder operations ahead of Chinese New Year
HONG KONG : Shipping lines Ocean Network Express (ONE) and Hapag-Lloyd will suspend feeder services in the South of China until after Chinese New Year 2022. The suspension has been caused by
Supply-Chain snarls leave Southern California swamped in Empty Shipping Containers
CALIFORNIA : The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling