December 1, 2021
May 6, 2026
December 1, 2021
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 association with Tianjin Port Holdings Co. and
November 30, 2021
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 freight rates elevated. In Hong Kong,
November 30, 2021
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 the COVID-19 quarantine requirement for ship
November 30, 2021
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 marine terminals and truck yards across
November 30, 2021
Hyundai Steel’s first LNG-powered ship makes maiden voyage
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,
November 30, 2021
Japan – US box trade declines for first time after February
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
November 27, 2021
MSC and CMA CGM expand fleets with second-hand buys and newbuilds
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
November 27, 2021
PIL to fully repay all scheme debts ahead of schedule and satisfy scheme obligations
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)
November 26, 2021