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.
08 Oct 2021
A new routing through Jebel Ali builds on a string of additional capacity deployments by foreign mainliners active out of Indian trades, with the US route being the most sought-after bet.
12 Aug 2021
Maersk has shifted its call at Jawaharlal Nehru Port Trust (JNPT) on the India/Middle East–Mediterranean ME2 service to the PSA-operated BMCT after increasing vessel capacity on the loop to an average of 10,000 TEU.
01 Jul 2021
The latest targeted acquisition of US-based syncreon is another step down the integrated logistics path that DP World committed to several years ago.
23 Jun 2021
The new shuttle operation in southern India is significant as Colombo and Jebel Ali dominate transshipment movement to and from the east coast of the country.
27 Apr 2021
DSV continued its growth-by-acquisition strategy with the takeover of Agility’s logistics division that will increase its annual revenue by almost 25 percent.
29 Mar 2021
Salvors reported that Suez Canal transits can resume after the Ever Given has been successfully dislodged and is towed away for inspection.
26 Mar 2021
Ocean carriers are beginning to divert ships and shippers face further delays if weekend efforts to refloat the Ever Given don’t work.
25 Mar 2021
With more than 30 container ships still waiting to transit the Suez Canal on Thursday, major ports in Europe are bracing for a deluge of cargo once the grounded Ever Given is refloated.
16 Mar 2021
Strongly growing volume on China-Europe rail is causing surprisingly few major delays as forwarders find new routes around potential choke points on the network.
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