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Wednesday, April 1, 2020

LATEST NEWS

Hapag-Lloyd adjusts GRI from Canada to East Asia

Hapag-Lloyd has adjusted the announced General Rate Increase (GRI) ex Canada only to East Asia destinations to US$100/TEU. This increase will be applicable for...

MSC announces new Gdynia rates

MSC Mediterranean Shipping Company S.A. has announced the following freight rates as from 16 April 2020 until further notice but not beyond 16 May...

Korean logistics firm selects CyberLogitec solution

Korean freight company, CJ Logistics, has signed a contract to deploy OPUS Logistics, provided by CyberLogitec, maritime, port/terminal and logistics operations software, throughout their...

MABUX bunker index – 31 March

China will grant export quotas for refined oil products to non-state refineries in the Zhejiang pilot free trade zone, the state council said in...

Yang Ming suffers second consecutive loss

Yang Ming Marine Transport has reported a TW$4.31 billion (US$143.43 million) loss for 2019, amid difficult conditions for the liner industry. The loss was the...

Container activity jumps at Port Houston

Container activity at Port Houston climbed 29% in February compared to the same period last year, while blank sailings in the month of March...

COSCO Shipping Holdings profit up 450%

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$...

CMA CGM announces new Romania surcharge

CMA CGM has announced a new peak season surcharge (PSS) applicable as follows from 15 April 2020 (date of loading in the origin ports)...

MABUX bunker Index – 30 March

South Korean output of VLSFO has increased by nearly 6,000tonnes a day as SK Energy’s new desulphurisation plant at its Ulsan refinery began operations,...

MSC announces two Asia-America blank sailings

MSC has announced two blank sailings during weeks 15 and 16 to rationalize capacity supply from Asia to the US and Canada West Coast. ASIA...

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PIL admits to financial stress

Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...

PIL continues ship sales with Wan Hai Neo-Panamax deal

Pacific International Lines (PIL) continues to sell container ships amid talk of financial pressures at the Singapore-based liner operator. On 2 March 2020, Taiwanese carrier...

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...

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