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Most Visited - Newsletter

Most Visited - Newsletter

PIL’s losses double in first half of 2020

n.savvides - 0
Pacific International Lines (PIL) remains in the red, with a net loss that nearly doubled to US$120 million for the first half of 2020. Releasing...
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Most Visited - Newsletter

Alleged US demurrage abuses could lead to legal action

n.savvides - 0
Shippers, truckers, and freight forwarders reeling from almost US$150 million in demurrage fees linked to congestion in the ports of Los Angeles/Long Beach and...
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Most Visited - Newsletter

Updated: PIL defaults on bond payments

n.savvides - 0
Pacific International Lines is unable to make good on the principal and interest due to holders of an SG$60 million (US$43.8 million) bond issue...
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Most Visited - Newsletter

European lines set new Asia prices

Container News Team - 0
European container lines have announced new increases in Asia services from November and December. CMA CGM has unveiled new freight of all kinds (FAK) rates,...
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Most Visited - Newsletter

Alibaba’s e-commerce evolution boosted by Israeli startup tech

Container News Team - 0
ZIM has introduced Ladingo's technology which is already operational and is expected to improve logistics services to both sellers and buyers on China's largest...
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Most Visited - Newsletter

Port congestion caused by chronic box shortages in Asia, Europe and US

n.savvides - 0
Equipment shortages in Chinese ports, particularly Qingdao, Lianyungang, Ningbo and Shanghai have intensified over the last week with delays to vessels increasing the confusion...
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Most Visited - Newsletter

PIL sells two more ships

n.savvides - 0
Pacific International Lines has sold another two ships as the troubled Singaporean liner operator works on bolstering its balance sheet. South Korean feeder operator Taiyoung...
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Most Visited - Newsletter

MSC adds second-hand tonnage to its fleet

Antonis Karamalegkos - 0
The Mediterranean Shipping Company (MSC) has been busy in the second-hand vessel market adding six container ships to its fleet, according to shipbroking reports. The...
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Most Visited - Newsletter

Container collapse challenges ONE vessel enroute to Long Beach

Container News Team - 0
The 2018-built container ship ONE Aquila has suffered a container stack collapse, said to be caused by bad weather, while the vessel was sailing...
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Most Visited - Newsletter

Only slowing demand will sort Asian container backlog

n.savvides - 0
Ports on both sides of the Pacific will not see relief from the congestion that is currently blighting the facilities until there is a...
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Most Visited - Newsletter

Carriers pushing Asia rate increases into December

Container News Team - 0
CMA CGM and Hapag-Lloyd have announced rate increases on their Europe to Asia services and the companies boost rates in Asian regional services, as...
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Most Visited - Newsletter

Bill Gates jumps into nuclear shipping project

Container News Team - 0
Bill Gates, the co-founder of Microsoft, will participate in a nuclear project, which aims to introduce nuclear energy in shipping. In particular, TerraPower, which is...
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