The port authorities of Rotterdam and Singapore want a new green corridor between the hubs to attract the investment and pilot projects crucial to developing a fossil fuel alternative for shipping.
ONE has extended its highly profitable run through its fiscal first quarter, building on last year’s stellar performance to turn in another record result.
Competition watchdogs in key Asian jurisdictions are extending antitrust exemptions for the vessel-sharing agreements of ocean carriers, but trimming the validity period of those exemptions.
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.
ONE is using Google Cloud to further its ability to automate back office and customer-facing solutions, a sign that the cloud infrastructure giant sees container shipping as a key vertical to target.
An electronic connection between CargoWise and Singapore Airlines is another sign that digital management of bookings and shipment modifications is gaining momentum in the air cargo market.
DP World’s new feeder service is further proof that demand for short-sea or coastal shipping activity in India has grown significantly after restrictive cabotage rules applied to foreign-owned vessels in that segment were abolished three years ago.
Uncoordinated state measures imposed in response to the new COVID-19 variant are adding a new round of misery to the already overstretched global supply chain.