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Yang Ming wants to increase owned capacity says Chairman

Yang Ming Marine Transport (YM) wants to increase the proportion of owned capacity in its fleet, from the current 30% to 45%, in an...

Lines turn a crisis into a buck

Carriers are set to enjoy a US$9 billion bonanza as a result of their successful capacity management programme throughout the pandemic period, which is...

HMM sells half-stake in Algeciras terminal

HMM has sold a 50% stake in its subsidiary Total Terminal International Algeciras (TTIA), which operates a container terminal in Algeciras, Spain. The South Korean...

First quarter profits surge as TS Lines eyes new ships

Controlling costs and adding services on routes with growing demand were behind the reasons to TS Lines’ 170% year-on-year increase in profits, according to...

APL England heads for Chinese repair yard

A 5,780TEU container ship that lost 50 boxes off the coast of Australia has been allowed to leave Brisbane, heading for a Chinese repair...

Subsidised container inspections for South Korean SMEs

Korea Customs announced on 17 June 2020 that the government will subsidise the cost of inspecting import and export containerised cargoes to help small...

Digital identity critical in the containerised world

The standardisation of the physical shipping container brought positive value by reducing the costs for transporting goods, end-to-end. The digital era parallel is the...

Resilient Maersk reports higher earnings in face of economic headwinds

Remarkably AP Møller - Mærsk A/S (APMM) has said that it expects to have a higher second quarter income than it achieved in the...

EU backs logistics research project that will smooth logistics and trade

In the latest logistics and transport project the EU has funded a collaborative effort between 36 companies and academic institutions to develop a comprehensive...

ONE reorganises its Baltic services during pandemic

As a result of the impact of the Covid-19 pandemic, our partner, German operator Hapag-Lloyd, has decided to suspend the Gothenburg Express (GTE), Sweden...

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The growing threat that lurks below the waterline

A recent study published by I-Tech AB proved that barnacle fouling is a big headache for the global fleet, even before the Covid-19 forced...

Crew kidnapped off the coast of Benin

Five crew members including the Captain have been kidnapped from a Pacific International Lines (PIL) vessel 150 miles southwest of Cotonou Benin. The attack occurred...

Reduced costs boost STC profits

As Covid-19 continues to disrupt markets around the world, ocean carriers are reducing capacity and sailing speeds. With sailing options reduced, especially on Asia-Europe...

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...