There was moderately better news for APL and Zim in the third quarter; while APL enjoyed the scale benefits that came with its new parent, CMA CGM, Zim managed to narrow its net losses by almost 50 percent.
24 Feb 2016
China’s major ports registered a slight increase in year-over-year container throughput in January. The country’s top 20 ports handled over 15.6 million 20-foot-equivalent units between them in the first month of 2016, an increase of 0.5 percent over the same month the previous year.
05 Feb 2016
Singapore Post’s steady expansion into e-commerce and logistics lifted the company’s nine-month net profit by almost 18 percent to $101.9 million from April through October, with 40 percent of the revenue coming from overseas.
15 Jan 2016
PSA International said throughput at its global terminals fell by 2 percent in 2015 as a result of tepid growth in global trade and structural changes in the industry.
18 Dec 2015
Container throughput at the port of Singapore fell by nearly 16 percent in November compared with the same month last year.
09 Dec 2015
The price Temasek will get for NOL from CMA CGM if the deal goes ahead is below the book value of the company, according to Alphaliner.
07 Dec 2015
CMA CGM has made a $2.4 billion cash offer for Singapore’s Neptune Orient Lines in a transaction that will proceed once anti-trust approval has been received from authorities in the EU, the U.S. and in China, which is expected in mid-2016.
26 Nov 2015
CMA CGM said it is upgrading its New Europe Mascarene Oceania service by adding new port calls, starting in early December.
26 Nov 2015
Singapore will extend its block exemption order for liner shipping agreements for another five years until December 2020, the Ministry of Trade and Industry has announced.
12 Oct 2015
Singapore’s Ministry of Transport and terminal operator PSA Corporation are planning to develop a container truck system that will boost port productivity by increasing the flow of boxes within the port and across the city-state’s streets.
26 Aug 2015
CEVA Logistics is developing its global consolidation operations and less-than-container-load services, and has announced the launching of a weekly LCL offering from Singapore to New York.