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Intra-Asia operator TS Lines to further expand fleet as profits triple
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TS Lines’ net profit tripled to TW$6 billion (US$213.6 million), exceeding the Taiwan carrier's previous expectations of TW$3 billion (US$106.8 million), as the container...
K Line sets up decarbonisation department
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Japanese carrier K Line, a 31% shareholder in Ocean Network Express, will open a newly founded decarbonisation department which it says will focus on...
SITC profit up 60% in 2020
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SITC International continued its profitable streak as container rates spiked in 2020 with the Hong Kong-listed parent of the Chinese intra-Asia carrier SITC Container...
Danes take another step toward methanol as a marine fuel
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Danish marine technology company Alfa Laval has announced that it will begin large-scale tests with methanol as a marine fuel with its partners at...
RCL profits climb on low costs and “extremely good” 2020 trading
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Thai intra-Asia carrier Regional Container Lines (RCL) recorded a THB1.75 billion (US$58.28 million) net profit amid an unprecedented rate spike in 2020.
Freight income per...
Logistics can be a shot in the arm
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Lessons from the pandemic must be learned. What the virus has taught us so far is that working in isolation, as an industry or...
Freight rates fall but congestion in Southern California is maintained
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At least 35 to 40 ships were at anchor off the US West Coast this week as the congestion at ports continues in the...
China accused of continuing cyber-attacks on Indian ports
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Chinese state sponsored hackers have been accused by a US based cyber-security firm of actively penetrating India’s national infrastructure’s cyber defences, including two ports...
Evergreen unit orders more containers
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Evergreen Marine Corporation’s container leasing and warehousing subsidiary, Evergreen International Storage & Transport Corporation (EITC), will order another 18,000 containers from its Malaysian factory,...
Maritime industry bodies urge EU to back H2 and ammonia
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A number of European shipping and environmental groups have written an open letter to European Commission (EC) urging the regulators to back environmentally sustainable...
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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...
