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PIL poised for restructuring after creditors endorse scheme

Pacific International Lines (PIL) is set to escape liquidation after the majority of its lenders and creditors voted on 1 February to endorse the...

Greek owner announces a boxship trio acquisition

The Greek shipowner Capital Product Partners L.P. (CPLP) agreed to acquire three 5,100TEU container ships from Capital Maritime & Trading Corp. (Capital Maritime) on...

UK to Ireland trade declines 50% after Brexit says FTAI

Import cargo from the United Kingdom (UK) to Southern Ireland has declined 50% in the first month since the free trade agreement between the...

MSC acquires Madrid rail terminal

Mediterranean Shipping Company (MSC) has acquired the Madrid based Torrejón railway terminal in Spain, via LTF, a subsidiary of MSC's logistics arm MEDLOG. The acquisition...

China Merchants unit enters container sector

Shanghai Ming Wah Shipping (SMWS), a Chinese state-owned shipping business that has been largely active in the dry bulk, chemical tanker and general cargo...

“Tremendously competent” maritime will achieve carbon goals

In a wide-ranging discussion The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping CEO Bo Cerup-Simonsen, told Container News that he believes that the...

Cargo demand recovery raises ONE’s profits

Ocean Network Express (ONE) has announced increased profits taking its earnings before interest and tax to over US$1 billion, in the third quarter of...

Zim IPO on NYSE falls flat

Zim Integrated Shipping Services debuted on the New York Stock Exchange yesterday with an initial public offering (IPO) of 14.5 million ordinary shares offered...

PIL sells ship as company prepares for crucial creditors meeting

Singaporean liner operator Pacific International Lines is continuing to offload its ships as it works to bolster its balance sheet, in preparation for its...

Carrier Transicold boosts reefer monitoring platform

Carrier Transicold has announced that its TripLINK platform for reefer container monitoring has been further developed to allow its integration with vessel-based wireless networks...

CMA CGM to run new Egyptian terminal

CMA CGM will take over the operation and management of the upcoming multipurpose terminal, Pier 55, at the Port of Alexandria, which is expected...

Evergreen eyes another round of container orders

Evergreen Marine Corporation has announced plans, through its subsidiaries to order more than 52,000 containers, spending at least US$45.41 million, after already placing some...

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FourKites appoints new member to Strategic Advisory Council

FourKites, the global leader in AI-driven supply chain transformation, has appointed a new member to its Strategic Advisory Council, further strengthening its leadership team...

Hai An Lines launches new services to China and Cambodia

Vietnamese carrier Hai An Lines has expanded its regional shipping network with the recent launch of two new intra-Asia services connecting Vietnam with China...

We asked AI: What if container ship’s deck transformed into a neighborhood?

Imagine a neighborhood gently rocking with the waves. Sounds wild? Maybe. But also kind of brilliant. We asked AI, what if a container ship's...

CULines launches JCT Service

CULines has introduced its latest service offering -JCT (Japan–China–Thailand)- aimed at boosting regional connectivity across East and Southeast Asia. The new direct service officially...

PT SPIL powers ahead with solar energy initiative

In a meaningful step toward greener operations, PT SPIL has begun harnessing solar energy at one of its main facilities, reinforcing its commitment to...
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