SINGAPORE : PSA Southeast Asia recently reached an agreement with JWD InfoLogistics Public Company Limited (JWD), selling an effective stake in Eastern Sea Laem Chabang Terminal (ESCO) over two stages, totalling up to 20%. The agreement, which
DUBAI : Last month, I joined Muse Bihi Abdi, President of Somaliland, Ahmed Shide, Minister of Finance of Ethiopia, Dagmawit Moges, Minister of Transport of Ethiopia, and Mustafa Mohammed Omar, President of the Somali
GENEVA : CSSC-affiliated Guangzhou Shipyard International (GSI) has entered into a shipbuilding contract with China Shipbuilding Trading and CMB Financial Leasing for two 16,000 teu containerships linked to Mediterranean Shipping Co (MSC). The scrubber-fitted
HAMBURG : Hapag Lloyd has announced new rates for Australian destinations that will take effect in the next months. Firstly, the German carrier will implement a peak season surcharge (PSS) of US$500 for 20′
CHICAGO : Some railroads have restricted container shipments into the key Midwestern freight hub as bottlenecks from a flood of container imports stretch inland from the West Coast Chicago is emerging as a new
TAIWAN : Wan Hai Lines’ chairman has authorised a US$1 billion budget for “asset acquisition and disposal”, as the Taiwanese liner operator appears to prepare for fleet expansion. The budget authorisation was announced at
DUBAI : Russia continues to develop shipping through the Arctic promoting it as a faster route that is an alternative to the Suez Canal. In the latest development, ROSATOM, the Russian nuclear energy company
COPENHAGEN : Maersk has decided to strengthen its Mombasa to North Europe service, specifically Felixstowe and Rotterdam, by providing a single transhipment product via the Port of Salalah in Oman. The changes in the
Captain Piotr Orzolek is master of Hapag-Lloyd’s “Tsingtao Express”. The vessel is sailing in the IOS (Indian Ocean) service and sometimes spends 17 days at sea without berthing in a port. He has been
The United Kindom’s (UK) Government Environmental Audit Committee (EAC) has launched plans to examine the reduction of greenhouse gas (GHG) emissions in the shipping sector to the minimum. During the inquiry, the EAC will