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 freight rates elevated. In Hong Kong,
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 the COVID-19 quarantine requirement for ship
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 marine terminals and truck yards across
Hyundai Steel Co., South Korea’s No. 2 steelmaker, said that its first liquefied natural gas (LNG)-powered ship made its maiden voyage for the overseas transport of raw materials. The eco-friendly ship, named HL Oceanic,
Container exports from Japan to the United States in October decreased by 1.9% over the same month of last year to 43,823TEU, which translates to the first year-on-year contraction in eight months since February, according
SINGAPORE : MSC and CMA CGM are continuing to grow their fleets with second-hand vessel acquisitions and newbuilding orders. MSC, already set to overtake Maersk Line as the world’s largest liner operator, was reported by brokers
SINGAPORE : The Board of Pacific International Lines (Pte) Ltd (PIL) is pleased to announce that PIL will be making an early repayment to creditors who were subject to the Scheme of Arrangement (Scheme)
GENEVA : Shippers are starting to benefit from better connectivity and a shorter journey for cargo bound for Saudi Arabia and other GCC (Gulf Cooperation Council) countries via King Abdullah Port, thanks to a
SHANGHAI : COSCO Shipping Lines has joined forces with the Bank of Communications to launch the online transmission of the original order bill of lading in tripartite trade through the blockchain-enabled embed electronic bills
Due to the Covid-19 quarantine requirements for the crews of the coastal feeders running between South China and Hong Kong waters, feeder operators announced their services will be suspended for a minimum of six