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Friday, July 3, 2020
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SIPG and THE Alliance test fast-track container processing at Yangshan

Shanghai International Port Group (SIPG) and THE Alliance have entered into an agreement to test out onshore container drop-offs for cargoes bound for Yangshan...

Erratic rate discipline undermined the lines in 2011, can they hold their nerve in 2020?

A senior analyst believes that the crucial test for the carriers will come when the battle against the Covid-19 virus has turned in the...

THE Alliance announces Transpacific trade updates

THE Alliance, a shipping alliance comprised of Hapag-Lloyd, Yang Ming, One Network Express (ONE) and HMM, will implement the following changes on the Transpacific...

HMM sells half-stake in Algeciras terminal

HMM has sold a 50% stake in its subsidiary Total Terminal International Algeciras (TTIA), which operates a container terminal in Algeciras, Spain. The South Korean...

Subsidised container inspections for South Korean SMEs

Korea Customs announced on 17 June 2020 that the government will subsidise the cost of inspecting import and export containerised cargoes to help small...

Yang Ming allotted state loan of nearly US$270 million

Yang Ming Marine Transport Corporation will receive TW$8 billion (US$269.41 million) from the Taiwanese government’s recently announced financial assistance for the shipping industry. Through the...

US decision to remove HK trade privileges adds to China tensions

Liner operators are concerned about the US decision to remove Hong Kong’s trade privileges, which was triggered by China’s plans to impose a national...

Rate levels not costs key to mitigating carrier 2020 losses as lines cancel more services

Maintaining freight rate levels is key to maintaining carrier profits in this crisis hit year that has seen shipping lines slash services, managing capacity...

Germocide goes top of the containerisation agenda

Anti-social media robbed the health authorities of the term ‘going viral’. Now, sadly the medical teams have stolen it back with a vengeance. Loathe...

HMM Oslo heads for Europe with a full load

HMM Oslo, the company’s second 24,000TEU ship, has left for Europe, according to a company statement on 31 May, with all its slots full,...
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Crew kidnapped off the coast of Benin

Five crew members including the Captain have been kidnapped from a Pacific International Lines (PIL) vessel 150 miles southwest of Cotonou Benin. The attack occurred...

Reduced costs boost STC profits

As Covid-19 continues to disrupt markets around the world, ocean carriers are reducing capacity and sailing speeds. With sailing options reduced, especially on Asia-Europe...

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...

Shipping giants keep pushing up rates across the globe

Major shipping lines are continuing to increase rates in various regions, as part of their capacity management measures that have seen a squeeze on...