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.
05 Sep 2018
Mining interests are once again upgrading and investing in activities that require inbound project cargo after years of merely status-quo maintenance.
26 Jul 2018
APL’s blockchain aims to include a range of container shipping processes, with an example of the platform’s utility being the elimination of the redundancy, needless rekeying, and back-and-forth of one essential task.
05 Jun 2018
The ocean carrier’s Ze Box venture capital unit has signed a memorandum of understanding with PSA unboXed, the external innovation and corporate venture capital arm of Singapore’s PSA International.
27 Apr 2018
All three carriers in Ocean Network Express highlighted the supply-demand balance as having an influence on container industry financials, with freight rates stronger than during the previous year but lower than expected.
24 Apr 2018
The merged entity, Ocean Network Express, is reporting staff shortages at some locations as the three Japanese carriers are merged, which is causing customer problems.
12 Apr 2018
The April 1 launch of new carrier Ocean Network Express is experiencing booking delays in some jurisdictions as cargo from three carriers migrates to the new network.
10 Apr 2018
Carriers are becoming more innovative in the services they are offering the market, as setting themselves apart from peers in a commoditized business becomes the new way forward.
19 Mar 2018
PSA also said its balance sheet remains strong and it had a gross debt-to-equity ratio of 52 percent at the close of 2017.
19 Mar 2018
Terminal operators are trying to connect with owners of cargo and improve control of the end-to-end supply chain — moves that mirror those being employed by their container line customers.
14 Mar 2018
The accelerated growth in intra-regional trade volumes as a result of the agreement is expected to provide a further boost to intra-Asia container trades already on an upward trend as Asia-based manufacturing increasingly serves Asian consumers.