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PIL says expenditure must be controlled

Pacific International Lines (PIL), the embattled Singaporean liner operator, said that market conditions remain challenging and expenditure must continue to be controlled. In a filing...

Temasek unit to make interim investment in PIL

A unit of the Singapore government’s investment company Temasek Holdings has agreed to make an initial investment in beleaguered liner operator Pacific International Lines...
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Hapag-Llloyd applies higher rates between Far East and Europe

German ocean carrier Hapag-Lloyd has announced updated tariff rates for Freight of All Kinds (FAK) between the Far East and Europe. The increased prices will...

Suez Canal Offers Incentives Amid Fears of Houthi Regrouping and Regional Instability

The Suez Canal transit fee discount reflects Egypt’s desperation to revive the canal's traffic amid fears that Houthi militants are preparing a new wave...

Vietnam and Thailand race to capture China+1 shipping gains

As the geopolitical rift between China and the United States deepens, the global manufacturing and shipping landscape is undergoing a historic shift. At the center...

Port of Cromarty Firth awards US$2M pre-construction contract for major offshore wind expansion

The Port of Cromarty Firth has awarded a GB£1.5 million (US$2 million) pre-construction contract to leading Scottish civil engineering firm RJ McLeod, marking a...
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