Hong Kong-based container shipping and logistics company Orient Overseas Container Line Limited (OOCL) has ordered ten 16,000 TEU containerships in China, a move that further expands the rapidly growing global orderbook for box vessels. As informed, five boxships will be built at Dalian COSCO KHI Ship Engineering and five at Nantong COSCO KHI Ship Engineering….
According to ISBA, shipbrokers can potentially contribute to increasing national logistics costs. By acting as operators, shipbrokers can increase vessel charter fees. Indonesian Shipbrokers’ Association (ISBA) is ready to guide and facilitate the operation of shipbrokers doing business within the country. In addition, this association is also ready to support the government to supervise their…
One of Pacific International Lines’ (PIL) magnificent 11,800 TEU P Class, built-in 2019 and among the largest vessels in PIL’s fleet, called at Singapore in July 2021, en route to Brazil from China. On this particular voyage, the ship was fully loaded, reflecting PIL’s capability in meeting the current demand for sea transportation around the…
PT Samudera Indonesia Tbk (SMDR) is optimistic to book revenue of USD500 million for the whole year of 2021 as the financial performance until July has shown a very satisfying growth, thanks to high growth volume and a very good freight rate in oceangoing trade during the period. This public listed company and Indonesia’s leading…
Container Shortage that has occurred in recent times has resulted in high freight rates. One solution to solve this problem is to build new ships to meet the high demand. In a report released by BIMCO Chief Shipping Analyst Peter Sand, new container ship orders have broken records (measured in a capacity) in less than…
Container shipping demand remains strong heading into the fourth quarter. Ongoing COVID-19 flare-up however continues to present challenges across Asia Pacific, with Vietnam extending the lockdown in its manufacturing heartland around Ho Chi Minh City until mid-September, New Zealand imposing national lockdown and China suspending aircraft operations in Shanghai International Airport. The unprecedented disruption caused…
Building a more efficient, resilient and sustainable global trade is the strategic transformation driven by Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group. This new ambition is embodied by BETTER WAYS, the Group’s new signature. Drawing upon CMA CGM’s history and the core values that have supported its developmentfor more than 40 years, the Group is launching a global communications campaign witha powerful key visual linking people, technology and…
Container shipping has been playing key role in global trade for more than seven decades, since 1950s. But, amid the pandemic it faced many challenges, calls for break bulk to play wider role in the trade activities. The break bulk sector has a long history closely connected to trade. It took until the 20th century…
Coming to the effective date of IMO 2020, most of shipping players, including container players, believe that customers will understand with the increased bunker costs. However, the process may prove to be more complicated The new global mandate on using marine fuels with 0.5% sulfur, from the current 3.5% sulfur grade, would take into force…
