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.
25 Jan 2021
The long-standing connections between CMA CGM and Yilport were again on display with the carrier’s former ports and terminals division head joining the Turkish port operator.
16 Dec 2020
Fluor grinds its way out of a long run of financial trouble, but the EPC is facing an anxious oil and gas segment struggling with COVID-19-driven demand declines and an evolving market.
24 Sep 2020
Although the specific port rotation of the semi-liner service will depend on the cargo mix, Japan will now be a regular call for MPV/HL carrier Chipolbrok thanks to a new business relationship with third-party logistics provider and agent Crane Worldwide.
22 Sep 2020
As COVID-19 hamstrings the capital projects outlook, engineering, procurement, construction, and maintenance company (EPC) Fluor is pivoting to leveraging its supply chain buying power, know-how, and network for external clients.
07 Aug 2020
KBR writes down $1.2 billion of energy project backlog and will focus on government and technology services.
28 May 2020
The addition of DP World to Maersk and IBM’s blockchain platform TradeLens is a feather in the cap of the still nascent container logistics network, bringing a string of more than 80 terminals and associated business into the fold.
10 Feb 2020
Evolution continues in the MPV/HL fleet as AAL adds a global semi-liner service and an ex-Zeamarine executive plans a new US Gulf breakbulk service.
09 Jan 2020
The first of the global container carrier alliances has announced its 2020 schedule, with the other two groupings due to reveal their networks soon.
31 Jan 2019
Among shipowners’ concerns: will there be enough low-sulfur fuel on Jan. 1, 2020? And will the low-sulfur quality be consistent?
29 Jan 2019
New research shows blockchain technology has a way to go before convincing the majority of enterprises of its near-term value.