PIL banks on India 
Singapore-based Pacific International Lines (PIL) is launching the China Vietnam India Service (CVI), a new direct connection linking Asian ports in China, Vietnam, Singapore and India's East Coast. The new service will operate once a week. Its first vessel will sail from... more
For the "greening" of ship recycling
On its recent 25th interim meeting, the ASA Ship Recycling Committee confirmed that, due to an increasing global demand for shipping, the result of ship recycling volumes in 2021 did not grow as anticipated and amounted to 24.3 million dwt. 2022 is expected to be about the same... more
Connecting the Med and Latin America
After having reshuffled its regional loops, Hapag-Lloyd is launching its new service for connecting the Mediterranean, Caribbean, Central America and the West Coast South America Express (MSW), starting in early May 2022. The main focus is on the direct connection between... more
Container flows to Virginia keep coming
The US East Coast Port of Virginia handled more than 314,000 teu in March 2022, an increase of 13% or 35,000 teu compared to March 2020. Almost 47% of the boxes were loaded imports. March’s volumes were ahead of January and February 2022, which were at 262,000 and 297,000... more
Fiata: survey on carriers' conduct
With three shipping alliances dominating the shipping markets, Fiata, the International Federation of Freight Forwarders Associations, is calling on its members to provide feedback on market development and shipping line practices that are considered as being unfair. Fiata... more
CM Port keeps the pace in 2022
The Hong Kong-based China Merchants Port has reported its results for the full year 2021. In total, the company's ports handled 135 million teu, a rise of 12% compared to 2020. Total dry and bulk cargo throughput was at 567 million t, a growth of 38% year-over-year. Both... more
Evergreen to transform its fleet
The Taiwan-based carrier Evergreen is ordering ten dual-fuel newbuilds. The 15,000 teu neo-panamax ships are part of the group's strategy to develop a fleet of vessels running on clean energy and thus achieve net-zero carbon emissions by 2050. Currently, Evergreen's fleet... more
More cash for Logistics Tech
The Boston-based technology company Tive, a specialist in supply chain transparency, closed its series B financing round with a result of USD 54 million. Led by AXA Venture Partners, Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures and Floating Point Ventures... more
Another fish flapping its wings
The next carrier is developing its own division for airfreight by transferring the activities of its existing in-house aircraft operator, Star Air, to the newly born unit Maersk Air Cargo. The major Danish carrier has opted for Denmark’s second largest airport, Billund, as its... more
Equipment enhanced at MCT
Mindanao Container Terminal (MCT), which serves as International Container Terminal Services Inc’s (ICTSI) container handling facility in Misamis Oriental in the southern Philippines, is going to employ two Mitsui hybrid rubber tired gantries (RTG) for the first time. The... more