Thai and PTT planning air cargo feasibility study 
Thai Airways International and the Petroleum Authority of Thailand (PTT) have signed a memorandum of understanding to conduct a feasibility study on air cargo business partnerships. Auttapol Rerkpiboon, PTT president and CEO, and Suvadhana Sibunruang, acting CEO of Thai,... plus
Seaspan's growing order book
The Hong Kong-based Seaspan Corporation, an affiliate of the Atlas Corporation, is planning to acquire more newbuilds. Its agreement with "a major shipyard" that was not specified, includes the order of four 7,700 teu dual-fuel liquefied natural gas containerships. The... plus
More cash for ESR
The APAC-based real asset group ESR Cayman Limited (ESR) recently secured a loan of SGD 300 million (USD 218 million), with an option to upsize it to SGD 500 million (USD 364 million). Asian banks like the United Overseas Bank (UOB) and the Malayan Banking Berhad (“Maybank”)... plus
Smile returns as SIA posts record freight business
During FY 2021-2022, the Singapore Airlines (SIA) Group cut net losses by 78% to SGD 962 million (USD 694 million), posting second half operating profit of SGD 10 million "as travel demand returns", as the Southeast Asian carrier says. Its lifeline, however, was... plus
Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million. The Toll Group, which sold its loss-making... plus
The return of the idle fleet?
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... plus
CBP officers confiscate live contraband
CBP Agriculture Specialists found something unusual while examining an air mail shipment declared as "earphones" arriving from Malaysia. When they opened the box, they discovered 26 vials containing live centipedes concealed in earphone cases. The CBP officers had... plus
WCI on a stable high
Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021. In detail, freight rates on Los Angeles –... plus
13 million boxes too much?
The transport time is the secret. The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the data provided by Hapag-Lloyd, looking at the development in both the size of the equipment fleet as well as the number of transported containers over the past... plus