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GAC Group establishes its first office in South Korea

GAC Group, a provider of shipping, logistics and marine services in the Asia-Pacific market, has opened its first office in Seoul, South Korea. The company...

PIL and MatchBox Exchange partner to improve container flow in Thailand

Pacific International Lines (PIL), a prominent shipping company headquartered in Singapore, has joined forces with MatchBox Exchange, a SaaS platform facilitating the reuse and...

MOL chosen as preferred ship owner for Gaz System’s new FSRU construction

Mitsui O.S.K. Lines (MOL), led by President & CEO Takeshi Hashimoto and headquartered in Minato-ku, Tokyo, has been chosen as the preferred ship owner...

Gebrüder Weiss expands its presence in the United States

The international transport and logistics company Gebrüder Weiss is expanding in the United States with the acquisition of the sea and air freight forwarding...

South Korean forwarders look at air and rail alternatives amid container freight surges

A seminar organised by Korea International Trade Association on 30 January heard that South Korean exporters and forwarders are inclined to substitute air and...

Seoul court rules that freight-fixing fine was wrongful to Evergreen

In a victory for container lines, the Seoul High Court on 1 February overturned a fine imposed by the Korea Fair Trade Commission (KFTC)...

Wallenius Wilhelmsen signs shipping contracts totalling US$1.5 billion

Norway-headquartered shipping company Wallenius Wilhelmsen recently signed a multi-year shipping contract with Korea’s leading construction machinery company. The new agreement, which has a duration of...

Maritime Union of Australia and DP World end dispute with major deal

Australian industry breathed a sigh of relief with the news that dockers and terminal operator DP World had agreed a four-year deal which would...

COSCO expands presence with new branch office in Morocco

On 1 February 2024, COSCO SHIPPING Lines inaugurated its latest branch office in Casablanca, Morocco. The establishment of COSCO SHIPPING Lines (Morocco) SARL in...

ONE reports over US$80 million loss in October-December 2023

Singapore-headquartered Ocean Network Express (ONE) experienced a notable decline in its revenues, earnings, and profits in the third quarter of fiscal year 2023 (October...

Maersk and 2M stand out in 2023 schedule reliability rankings

According to Sea-Intelligence, the annual global schedule reliability experienced a notable increase of 19.5 percentage points (PP), rising from 42.6% to 62.1% by the...

King Ocean buys SEACOR’s Caribbean liner and logistics business

SEACOR Holdings Inc. has concluded the sale of its Caribbean liner and logistics business SEACOR Container Lines LLC to King Ocean Services Ltd, a...

Latest Posts

Constanta Port secures EU funds

The European financing contract for Stage II of the “Modernization of the Electricity Distribution Infrastructure in the Port of Constanta” project has been officially...

European Union approves €22M for Helsinki–Lübeck port upgrades

The European Commission (EC) has awarded €22 million in co-funding to the Hansalink 3 project, aimed at enhancing the maritime corridor between the Port...

Kuehne+Nagel delivers Türkiye’s largest floating drydock to the US

In one of the most complex maritime transport operations in recent years, Kuehne+Nagel has successfully delivered the largest floating drydock ever built in Türkiye...

Bridgestone opens next-generation Queensland Distribution Centre at Port of Brisbane

Bridgestone, the market-leading tyre brand, has officially opened its new, state-of-the-art Queensland Distribution Centre at the Port West Industrial Estate (Stage 2) in Lytton,...

P&O Maritime Logistics to acquire NovaAlgoma Cement Carriers

UAE-based P&O Maritime Logistics (POML), a subsidiary of DP World, has signed a definitive agreement to acquire a controlling stake in NovaAlgoma Cement Carriers...
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