In March, PIL ordered newbuildings for the first time in seven years, four 14,000 teu ships from Jiangnan Shipyard. Previousl its last newbuilding commission was for eight 12,000 teu ships from Yangzijiang in 2015, built in 2018. PIL said the 8,000 teu ships, to be delivered in 2025, will be dual-fu...

The strike began after the deaths of 13 docker workers and around 260 injuries when a container loaded with nearly 30 tonnes of chlorine fell from a quay crane during loading on 27 June. An investigation led by interior minister Mazen al-Faraya resulted in the director generals of ACPOM and the Jord...

Owned by Li Weihong and his wife, Liu Hui, Higo plans to list about 25% of its shares on China’s newest bourse, the Beijing Stock Exchange. Based on a maximum issue price of Rmb8 ($1.19) a share, the IPO could raise around Rmb182.27m ($27.21m). Higo made the application on 28 June but did not spec...

The vessels will be delivered during Q3-4 24 and, like recent Maersk feeder orders, they will feature a forward-mounted bridge, 1,300 teu of capacity and are geared to allow them to call at smaller, less-equipped ports. Set to replace three of NCL’s current fleet, the new feeders are benefiting fr...

According to local media, MSC-owned Terminal Investment Ltd (TIL) has signed an agreement with Ho Chi Minh City to build a $6bn port in Can Gio, a district on the city’s outskirts. The proposed facility would have a 7.2km wharf, annual capacity of 15m teu and be capable of handling 24,000 teu cont...

The increase in the freight rate benchmarking firm’s XSI crowd-sourced index followed a 30% leap in May, meaning the index now stands 170% higher than a year ago. “After last month’s colossal rise, we see another hike of 10%, pushing cargo owners to the limits, while the carriers fill their po...

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SGL management described the acquisition as a “game-changing step”, as it would “allow for further penetration in segments like technology and pharma and healthcare”, and comes on the back of its 2021 purchase of European freight forwarder Horizon International Cargo, a longstanding partner ...

In a punchy discussion paper published yesterday, the forwarder association outlined several key requirements to ensure a more level playing field in the market. It said: “Access to the global logistics chain is under threat today. Moves by the world’s largest shipping lines, which, as part of t...

Drewry’s WCI index was a sea of red this week; its composite index shed another 3% for a year-on-year decline of 16%. “Not only are rates continuing downwards, but they are also failing to exhibit the beginning of the seasonal uptick we see under normal circumstances,” said Lars Jensen, CEO of...