Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements. ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800%
Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced. According to
Pacific International Lines (PIL) has announced that it has garnered support from a significant majority of its creditors and noteholders for its debt restructuring plan. In the company’s
AAL Shipping (AAL) is marking the one-year anniversary of its ‘Europe – Middle East / India – Asia Monthly Liner Service’ with a long-term commitment to employing six
MARSEILLE: During the trip to Egypt of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, a world leader in shipping and logistics, the Egyptian
Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”. This week, shipbroker
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our
Mr Piyush Goyal, Minister for Railways and Commerce & Industry, this week again reviewed the progress of various sections under completion of the Dedicated Freight Corridors (DFC), both
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more than USD 3 billion
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties