The highly profitable container market benefited all shipping lines this year, but for Pacific International Lines it has enabled the debt-stricken carrier to pull back from the brink of bankruptcy.
19 Oct 2021
While the “spillover” container market that is driving up MPV rates and creating a capacity shortage will eventually dissipate, in the longer term a low orderbook could mean a capacity shortage, analyst Drewry says.
30 Sep 2021
Logistics software vendor Cargobase has expanded its reach into the transportation management system market, driven by demand from its spot procurement technology customers.
08 Sep 2021
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.
02 Aug 2021
Ocean Network Express reported 100 percent utilization on its major trades out of Asia, with the rising rate levels contributing to significantly improved profitability.
10 Jun 2021
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.
11 May 2021
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.
14 Apr 2021
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.
05 Apr 2021
The MPV/HL market is on the upswing, but a lack of finance and lingering overcapacity will hold back investment in new ships.
18 Mar 2021
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.
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.
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