SINGAPORE : In the end of an era Pacific International Lines (PIL) has shifted out of its Singapore headquarters building in the heart of the city’s central business district after 42 years. Mr S.S.
CHITTAGONG : Bangladesh is set to make use of the electronic seal and lock mandatory for the transit and transhipment of goods from India in a bid to ensure full-proof security during movement between
GENEVA : Mediterranean Shipping Co’s (MSC) secondhand buying spree has hit the 300-vessel threshold according to analyst Alphaliner. In its weekly newsletter Alphaliner said that MSC was reported to have purchased six vessels in recent
MARSEILLE : CMA CGM is reported to have signed the largest container shipbuilding order placed in China for a total of 16 new vessels to be built by yards within the China State Shipbuilding
COPENHAGEN : Even though the shipping lines recorded 2022-FY Earnings Before Interest and Taxes (EBIT) of US$138 billion, minus CMA CGM, PIL, and MSC, there were visible indications of a weakening market, according to
NEW YORK : Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait. Last summer’s meeting between Taiwan President Tsai Ing-wen and Nancy Pelosi prompted Chinese live-fire exercises.
TOKYO : Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that its Thailand-based group company K LINE CONTAINER SERVICE (THAILAND) LTD. (KCST) will commence the operation of a new warehouse in the
GENEVA : MSC is delighted to be participating in the 133rd China Import and Export Fair (Canton Fair 2023) for the very first time! An event lauded as a comprehensive international trade fair with
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains supported by higher rates for larger vessel segments, especially capesizes. The overall index, which factors
BEIJING : Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has begun the construction of the 10th LNG-powered 16,000 TEU container ship for the Swiss shipping line Mediterranean Shipping Company (MSC).