The ratio of cargo rollovers at transshipment ports continues to rise with carriers unable to maintain reliable schedules and battling to return equipment to Asia to serve the booming export trades.
18 Nov 2020
Feeder vessels are seeing over 48 hours berthing delay in Colombo and nearly 36 hours in Singapore, lowering the number of possible voyages and raising costs.
11 Nov 2020
If creditors reject the restructuring and PIL is liquidated, it could be the biggest container line failure since the collapse of South Korea’s Hanjin Shipping in 2016, although its impact is likely to be significantly less.
10 Nov 2020
Ocean Network Express’ forecast for a highly profitable financial year is an example of the incredible pricing power being exerted by the carriers right now.
28 Oct 2020
A network of major banks in Singapore has signed an agreement with CargoX, which provides electronic bills of lading to the shipping industry, to underpin the network’s trade finance capability.
17 Aug 2020
The new service will significantly shorten the transit time for Bangladeshi cargoes to reach their final destination in the US by — at least 10 days, according to officials.
29 Jul 2020
Singapore's sovereign wealth fund is thought to be contemplating a cash injection of up to $450 million into PIL in return for a significant shareholding in the privately controlled carrier.
28 Jul 2020
A data-sharing initiative between key container gateways in Europe and Asia underlines the need for shippers and service partners to be connected into multiple shipping networks.
26 May 2020
PIL, which raised more than $550 million from the sale of box ships earlier this year, said it has agreed on a debt repayment holiday until the end of this year with most of its main lenders.
14 May 2020
Automation software provider RPA Labs has been backed by a group of supply chain-focused investors as it seeks to equip third-party logistics providers with pre-built process “bots.”
30 Apr 2020
It has taken three years for ONE to sail into the black, with the carrier able to hold on to its profitability through a turbulent end to its financial year.
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