Sea Consortium books new boxships at Zhoushan Changhong
SINGAPORE : Singapore’s Sea Consortium has reportedly signed shipbuilding contracts with China’s Zhoushan Changhong International Shipyard for the construction of three 3,100 TEUs containerships. A report from shipbrokers Braemar ACM said a firm deal
N Europe – Asia exporters face near 80% container capacity drop
Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed by a spike in capacity. Exporters
Shipping major Wilhelmsen switches focus to renewables
Wilhelmsen, one of Norway’s best known shipping brands, is having a major change of focus, going all out for renewables. Norway :“Our strategy is very clear, we will contribute to the energy infrastructure transition
Suez chaos leaves shipping companies counting the ‘lost expenses’ cost
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m to save the SS Teo-led carrier.
Govt Chalks Out 4-point Plan To Deal With Blockage Of Suez Canal
The plan was chalked out in a meeting convened by the logistics division, Ministry of Commerce. It includes prioritisation of cargo, freight rates, advisory to ports and re-routing of ships. The government on Friday
Gradual improvement in imports helping to shore up container shortage issue, says Maersk
MUMBAI : Mr. Steve Felder, MD, South Asia, Maersk, said that as the lockdown and curfews set in and production stopped, exports dropped sharply almost overnight and it was difficult to move goods around
Adani adds Colombo to yield synergies in India transshipment movement
Adani Group has extended its port-terminal investment spree to Sri Lanka with an agreement to build and operate Colombo’s West Container Terminal (WCT), a third facility under the island nation’s South Harbor development program.