PIL: earlier USD 1 billion payback 
Record freight rates continue to impact the high sea shipping industry. In Singapore, Pacific International Lines (PIL) has announced that PIL will be making an early repayment to creditors who were subject to the scheme of arrangement (scheme) which PIL entered into as part of... more
Growth in seafreight to last until 2027
In a recent study, Dublin-based analyst Research and Markets reported that the global market for seafreight forwarding, estimated at 64 million teu in the year 2020, is projected to reach a revised size of 72 million teu by 2027. Packaging, one of the segments analysed in the... more
OOCL reinforces transpacific network
Carrier OOCL is launching the Pacific China South Express (PCSX) service in the transpacific network to satisfy customers’ needs for fast and reliable shipping. The PCSX is a brand new route designed to offer express linkage from South China to Long Beach (LBCT). PCSX port... more
Shenzen aims at new mark
The Chinese Port of Shenzhen achieved a throughput of 23.8 million teu from January to October 2021, 10.7% more than in the same period in 2020. While foreign trade was up 11.3% to almost 22 million teu, empty containers grew significantly by 18% to 7.35 million teu.... more
DCSA setting new standards
The Digital Container Shipping Association (DCSA) recently published its communication systems and application programming (API) standards for the 50 event records in ports defined in its data list. These refer to the six main aspects of a call, namely planning arrival at a... more
The bid in the port of Montréal is open
The Canadian port of Montréal has launched a request for qualifications (RFQ) for its Contrecœur container terminal expansion project, thus opening the way for parties to now submit bids. The RFQ will remain open to national and international industry players for the next three... more
Zim launching ZMI service
The Haifa-based Israeli shipping line Zim Integrated Shipping Services is launching a new service, called ZMI, linking the Indian Subcontinent to the Eastern Mediterranean. The carrier will deploy four 4,250 teu vessels on this new route, serving Mundra, Nhava Sheva, Colombo,... more
New equipment for Rostock
An increase in bulk volumes has encouraged Euroports Germany, a major cargo handler based in Rostock's overseas port on the German Baltic Coast, to put another crane, a LHM 280, into operation - at short notice. In order to further expand handling capacity and provide a... more
CMA CGM looks back in joy
The results for the French carrier CMA CGM and its logistics affiliates in Q3/2021 follow the current trend. While consolidated revenues amounted to USD 15.3 billion, almost doubling the figures of the same period in 2020, consolidated ebitda grew to USD 7.1 billion and net... more
Atlantic Loop 3 calls at Jaxport
It's the first time that Hapag-Lloyd’s Atlantic Loop 3 (AL3) European-US container service has called the Florida-based Jacksonville Port Authority (Jaxport). The vessel is berthing at Jaxport’s Trapac Container Terminal at Dames Point for at least the next eight weeks to avoid... more