Supply bottlenecks leave container ships stranded
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off
CSSC delivers 6th LNG-powered giant to CMA CGM
JIANGNAN : China State Shipbuilding Corporation (CSSC) has named and delivered CMA CGM Montmartre, the 6th LNG-powered 23,000 TEU containership, to the French liner company CMA CGM. Built
MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business
TOKYO : Mitsui O.S.K. Lines, Ltd., MOL, President & CEO Mr. Junichiro Ikeda recently announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship
Global Shipping Business Network officially incorporated in Hong Kong
HONGKONG : Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate
Hapag-Lloyd publishes annual report and confirms significant earnings growth for 2020
HAMBURG : Hapag-Lloyd published its annual report with audited business results for the 2020 financial year today. In the reporting year, Hapag-Lloyd’s earnings before interest, taxes, depreciation and
ONE launching new East Africa – Asia service
MOMBASA : ONE is the global container shipping company, headquartered in Singapore, launching new East Africa – Asia service. The new EAF service connects Kenya and Tanzania with
Hapag-Lloyd & MAWANI sign first commercial agreement to increase number of containers
RIYADH : Saudi Ports Authority (MAWANI) signed one-year commercial agreement with the leading global liner shipping company Hapag-Lloyd. The agreement is the first commercial agreement aiming at increasing
CMA CGM to launch new NC LEVANT EXPRESS standalone service linking North Europe to East Med & L
CMA CGM has announced its standalone NC LEVANT new weekly service set up, connecting North Europe with East Med and Levant as from January 8, 2021 ex Southampton, enabling
Phase 5 of Jaya container terminal of SLPA commences
The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced yesterday. The event was held with the initiative of
China’s economy bounces back with 4.9 pc growth during July-Sept.
Buoyed by the government’s sweeping efforts to stimulate demand and consumption, China’s economy, which suffered a 6.8 per cent slump in the first quarter due to the Coronavirus pandemic,