Singapore-based ONE reported its third consecutive year of profitability during which flat volume was massively offset by rising rates and 100 percent utilization on major trade lanes.
Logistics software vendor Cargobase has expanded its reach into the transportation management system market, driven by demand from its spot procurement technology customers.
More funding has flowed into container visibility solutions to address a growing need for shippers and their logistics providers to predict where and when disruptions are likely to occur.
Ocean Network Express reported 100 percent utilization on its major trades out of Asia, with the rising rate levels contributing to significantly improved profitability.
Singapore-based drayage technology provider Haulio has tied up with CMA CGM to handle coordination of port trucking in Thailand as it seeks to build a Southeast Asia-wide platform.
The list of container lines able to quote rates and accept bookings through their websites has expanded over the past year, with Singapore-based Ocean Network Express now giving shippers and forwarders such tools.
Stakeholders fear a new COVID-19 lockdown that has gone into effect in Bangladesh will worsen congestion at the Chittagong port yard, further slowing the delivery of containers.
Despite the IMO 2020’s sulfur cap, the COVID-19 collapse in oil prices last year made the case for sulfur scrubbers less urgent. But BIMCO said scrubbers now make sense.
With green ammonia quickly emerging as one of the most promising zero-carbon fuels of the future, a group of companies involved in the maritime industry have signed up to a bunkering study in Singapore.