PIL enhances intra-Asia network

Pacific International Lines (PIL) has introduced a new weekly direct service connecting ports in China, South Korea, Thailand, and Vietnam. The new service, known as China Thailand Vietnam Service (CTV), […]

US president Biden signs the Ocean Shipping Reform Act into law

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through […]

Port of Los Angeles achieves third best cargo handling month in its history

The Port of Los Angeles processed 967,900 TEU in May, recording the third best overall month in its 115-year history. In the first five months of the year, the port […]

Cargo delays have caused US$5-10 billion losses for shippers during Covid-19 pandemic

The Danish maritime data analysis company, Sea-Intelligence has measured schedule reliability from the perspective of the cargo being moved. In the first phase, the analysts calculated what share of global […]

CMA CGM keeps air cargo results to itself, but spends big on aircraft

CMA CGM has spent some $753.3m in prepayments on its aircraft orderbook, up from $723.2m at the end of 2021, following its recent order for two 777 freighters, set to […]

Shanghai port congestion returns to normal

As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to the latest data from VesselsValue. At the height […]

Busan Port Authority establishes carbon neutrality roadmap

The Busan Port Authority (BPA) aims to turn green under its new ‘2050 Comprehensive Plan for Carbon Neutrality of Busan Port’ plan. Under the scheme, the port authority will analyse […]

MSC launches new service on intra-Asia trade

MSC has announced the launch of the Pertiwi service on the Intra-Asia trade, which is expected to start in early July. The new service will provide a direct link from […]

CMA CGM trumps rivals with its Q1 $7.2bn result

CMA CGM has again surpassed its ocean carrier rivals posting a net profit of $7.2bn for the first quarter, and said that it remained confident about its financial performance for […]

Bangladesh forms US$250 million refinance scheme for shipbuilding industry

Bangladesh has formed a US$250 million refinance scheme to support the shipbuilding sector which become prey of the Covid-19 pandemic-linked global economic slowdown. Under the scheme, the ship builders will […]

Shanghai port operations normalising as lockdown tapers

Operations in Shanghai port are getting back to normal as the city’s lockdown eases. CMA CGM said in its latest customer advisory that pressure on Shanghai yard resources is easing, […]

APM Terminals Mobile to expand by 130,000m²

APM Terminals Mobile in the United States has signed an agreement with the Alabama State Port Authority to add 129,499m² to the current container terminal yard. The terminal is already […]

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