COSCO Shipping Holdings profit up 450%
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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$...
Maersk launches intercontinental rail services from Europe to Asia
Maersk has announced that on 28 March 2020, the first Eastbound train on its AE19 service was dispatched east from St. Petersburg port, carrying...
Lines slash 20% of Asia-Europe capacity
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Shipping lines operating on the trades between Asia and Europe have announced 45 blank sailings within the last week with the 2M Alliance cutting...
EC renews Liner Block Exemption
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The European Commission has decided to proceed with its planned renewal of the liner shipping consortia block exemption despite vociferous protests from shippers and...
Brokers’ say global googly a macroeconomic disaster
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Global trade is in turmoil after the googly thrown at it by the Coronavirus, which has turned the outlook sharply from the expectation of...
Talia F crew suffered three-hour ordeal
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Seventeen crew members on board the MSC Talia F, which was attacked by pirates suffered a three-hour ordeal as the attackers searched for hostages...
PIL admits to financial stress
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Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...
MSC vessel attacked off W. African coast
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Seven crew have reportedly been taken hostage and another ten crew are have retired to the security of the onboard citadel and are in...
OOIL books US$1.35 billion profit on US terminal sale
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Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...
Maersk’s crisis preparations: fail to plan and you plan to fail
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Covid-19 crisis management is a must for supply-chains since the beginning of this year and if shippers were interested in how shipping lines were...
An unusual year in store for box shipping says Hapag CEO
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In what must count as liner shipping’s most significant understatement Hapag-Lloyd CEO Rolf Habben Jansen said today that this year “will be a very...
TS Lines launches new reefer route from Thailand
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Taiwanese intra-Asia carrier TS Lines is launching another reefer route from Thailand due to growing shipments between the Southeast Asian country and China. Beginning on...
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Kuehne + Nagel and XPO Logistics agree for UK contract logistics portfolio
Kuehne + Nagel has entered into a definitive agreement to sell a major part of its United Kingdom contract logistics portfolio to XPO Logistics. The...
Lines race to reposition empties as China returns to work
The impact of the Covid-19 virus on the supply is waning fast according to Sea-Intelligence’s latest Spotlight newsletter, with the race now on to...
Inactive container ships at all-time high
The number of unemployed container ships is now at an all-time high, due to the COVID-19 outbreak and the delay in scrubber installations at...
Operations at key Shanghai port back to pre-COVID-19 levels
Throughput at Shanghai's Yangshan Deepwater Port, China's single largest container processing facility, is nearing pre-COVID-19 levels. Yangshan Port said that in the last week, it...
Billions in Lost Trade: The True Cost of the Coronavirus
Just like plumbing, the flow of trade has a network of routes that resemble pipes to move commodities, tankers, cargo and containers around the...
