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Seaco backed by financiers in bull box market
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Chinese container lessor Seaco has raised US$600 million after issuing asset-backed securities to international financial institutions.
Its immediate parent, Bohai Leasing, a subsidiary of state-owned...
Adani Ports signs LoI to develop Colombo’s WCT
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Adani Ports & SEZ announced it has signed a Letter of Intent (LoI) with the Sri Lankan government to develop and operate the strategic...
VLSFO – fact Vs. fiction
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IMO 2020 compliant fuels have been in use for over a year, largely without incident. So why the continued vilification? The International Bunker Industry...
Zhonggu launches first overseas service
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China's largest domestic container carrier, Zhonggu Logistics, will launch its first overseas route, a China-Vietnam service, on 20 March.
The China-Vietnam 1 (CV1) service will...
Vaccine cold chain focus to switch to the sea says Maersk
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Cool logistics chains at sea will soon take over the job of delivering Covid-19 vaccines from airfreight, which is not only costly but also...
Covid-19 hits CK Hutchison’s port volumes and profits
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Hong Kong conglomerate CK Hutchison (CKH), which operates various container terminals worldwide among its businesses, said on 18 March that net profits for 2020...
Montreal dockers to vote on new deal on Sunday
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Dockers belonging to the Canadian Union of Public Employees (CUPE) and work at the Port of Montreal will vote on whether to accept a...
Wärtsilä develops CCS scrubber upgrade tech
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Finnish technology company Wärtsilä has announced it is testing an upgrade to scrubber technology that will cut carbon emissions from existing ships at the...
PSA and duisport sign Asian collaboration deal
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PSA International subsidiary, PSA Northeast Asia Supply Chain Pte Ltd, has signed an agreement with inland port operator Duisburger Hafen to invest in and...
Four more PIL ships sold to Briese Schiffahrts
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Pacific International Lines (PIL) has continued to sell assets, even after a Singapore court approved its debt restructuring plan, with four more container-carrying multi-purpose...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes
Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...
Wan Hai Lines debuts new Vietnam–Thailand–India direct route
Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...
Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
MSC and ZIM downsize joint Far East-US East Coast service network
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
