Confirmation of PIL's debt woes follow weeks of speculation about the world's 10th- largest container line, which since mid-February has pulled out of the trans-Pacific trade, sold six 11,923-TEU container ships, and divested ts South Pacific subsidiary, Pacific Direct Line.
02 Oct 2019
Multipurpose/heavy-lift carrier AAL adds tonnage and adopts a new transaction management system.
31 Jul 2019
It has been a good start to the year for ONE, with no distracting merger issues to affect service levels and revenue.
26 Jul 2019
APL has its third CEO since being acquired by CMA CGM as the carrier prepares to consolidate its presence in the trans-Pacific and intra-Asia.
29 May 2019
Singapore’s Tuas mega-port project is expected to bring greater efficiencies to existing operations while increasing capacity by about 20 million TEU annually in the first phase alone.
09 May 2019
Singapore-base port operator PSA International has teamed up with SATS, an aviation focused ground handling company, to offer sea-air cargo services in Singapore
15 Jan 2019
Recently, consolidation in the sector has accelerated, with acquisitions, mergers, alliances, and other cooperation among the stakeholders becoming routine.
10 Jan 2019
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which took effect Dec. 30, will contain 495 million consumers.
07 Jan 2019
The Shenzhen port of Shekou has opened a consolidation center that will ease customs restrictions on China's growing LCL cargo imports.
20 Dec 2018
ONE has cemented its Asia headquarters in Singapore and will gain greater control of its volume in a joint venture terminal deal in the Lion City.
08 Oct 2018
The Eagle GO Guaranteed Service — targeting shippers willing to pay premium rates for a faster and guaranteed service that provides a complete refund if the ocean carrier fails to meet the delivery date — will expand from 29 Asia ports to 150 Asia and Middle East ports.
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