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Monday, April 6, 2020

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Yang Ming suffers second consecutive loss

Yang Ming Marine Transport has reported a TW$4.31 billion (US$143.43 million) loss for 2019, amid difficult conditions for the liner industry. The loss was the...

COSCO Shipping Holdings profit up 450%

COSCO Shipping Holdings said on 30 March 2020 that net profit for 2019 rocketed nearly 450% from 2018, with earnings of CNY6.8 billion (US$...

MABUX bunker Index – 30 March

South Korean output of VLSFO has increased by nearly 6,000tonnes a day as SK Energy’s new desulphurisation plant at its Ulsan refinery began operations,...

Lines slash 20% of Asia-Europe capacity

Shipping lines operating on the trades between Asia and Europe have announced 45 blank sailings within the last week with the 2M Alliance cutting...

Coronavirus offers opportunities as well as challenges

The rising diagnoses of Covid-19 virus, coupled with the increasing need for quarantines, lockdowns and distancing measures, has caused “significant change” to operations in...

US Terminals slow down op’s as imports fall away

North American container terminals are slowing, and in some cases shuttering, as volumes drop due to the Coronavirus pandemic. The coming months are likely...

CMA CGM agrees eight-terminal deal with China Merchants

France's CMA CGM shipping group has reached agreement with China Merchants Port (CMP) on the sale of its interests in eight port terminals to...

HMM axes South Korea-Japan service

Hyundai Merchant Marine (HMM) will cease its South Korea-Japan service ahead of the South Korean liner operator’s entry into THE Alliance on 1 April. HMM's...

Swire Shipping upgrades Southeast Asia-PNG-Solomon Islands capacity

Swire Shipping has enhanced the carrying capacity on its Southeast Asia to Papua New Guinea and Solomon Islands service. The company said that it has...

EC renews Liner Block Exemption

The European Commission has decided to proceed with its planned renewal of the liner shipping consortia block exemption despite vociferous protests from shippers and...

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MABUX bunker index – 3 April

The members of Organization of the Petroleum Exporting Countries (OPEC) have not achieved to agree on an emergency low-level meeting to discuss a market...

Konecranes receives reach stackers record-order

Konecranes won its largest-ever reach stacker contract, for 39 units,from German distributor Richter Fördertechnik GmbH & Co. KG, in March 2020. Deliveries for the Konecranes...

MSC suggests short sea shipping solution

MSC says its short sea services in Europe can help meet any present and future domestic and foreign trade demands, especially as Covid-19 crisis...

Major shipping carriers update schedules due to pandemic crisis

The largest container shipping companies continue to update their schedules, as they are forced to make service adjustments and omit many sailings. As the coronavirus...