PIL, which raised more than $550 million from the sale of box ships earlier this year, said it has agreed on a debt repayment holiday until the end of this year with most of its main lenders.
Wednesday July 15, 2020
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14 May 2020
Automation software provider RPA Labs has been backed by a group of supply chain-focused investors as it seeks to equip third-party logistics providers with pre-built process “bots.”
30 Apr 2020
It has taken three years for ONE to sail into the black, with the carrier able to hold on to its profitability through a turbulent end to its financial year.
27 Apr 2020
Dutch carrier Spliethoff expands its multipurpose/heavy-lift fleet and opens an office in Singapore.
24 Mar 2020
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.
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Jul 16, 2020 2:00PM EDT
