LATEST NEWS
Yang Ming suffers second consecutive loss
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Yang Ming Marine Transport has reported a TW$4.31 billion (US$143.43 million) loss for 2019, amid difficult conditions for the liner industry. The loss was the...
Container activity jumps at Port Houston
Container activity at Port Houston climbed 29% in February compared to the same period last year, while blank sailings in the month of March...
COSCO Shipping Holdings profit up 450%
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COSCO Shipping Holdings said on 30 March 2020 that net profit for 2019 rocketed nearly 450% from 2018, with earnings of CNY6.8 billion (US$...
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
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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...
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...
Georgia ports adds new container storage space
The Port of Savannah has announced that it is bringing online 400,000TEU of annual container capacity at just the time when many port customers...
COVID-19 continues to affect the Asian market
The Japan International Freight Forwarders Association (JIFFA) has announced that containerised exports from China did not recover as fast as expected in Week 13,...
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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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