PSA International’s first major move into building an end-to-end logistics capability takes it down a path well-trodden by rival terminal operator DP World and some major liner companies.
10 Mar 2021
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.
01 Feb 2021
Under the restructuring plan, Heliconia Capital Management will inject $600 million into PIL while taking a strategic shareholding in the company.
11 Dec 2020
The decision by Singamas shareholders offers hope that a bigger debt rehabilitation plan put forward by PIL will be accepted by the carrier’s other creditors and approved by Singapore’s high court at meetings early next year.
24 Nov 2020
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.