Pacific Basin has added another ultramax to its fleet according to brokers. The Hong Kong shipowner has been named by Intermodal and Advanced Shipping & Trading as the buyer of Oshima-built (2011) ultramax . The vessel has been reported as sold by Japan’s Kasuga Shipping for $13.8m, below its...
Bill Worrall had no intention of becoming a salvage man. Growing up near Liverpool, he always knew he wanted to go to sea, but it was the elegant blue funnels of Alfred ..
The Transportation Safety Board of Canada (TSB) recently published its investigation report into an incident wherein two commercial cargo vessels collided in the waters ..
Israeli carrier ZIM has a struck a deal worth more than a $1bn with Seaspan, one of the world’s largest containership charterers, for a series of LNG-fuelled ships. The ten 15,000 teu vessels, to be built at South Korea’s Samsung Heavy Industries, will be deployed on ZIM’s Asia – US East Coast...
https://splash247.com/zim-seals-deal-for-10-seaspan-newbuilds/
S.F. Express, the top integrated logistics company in China is expanding globally to compete with established titans FedEx, UPS and DHL, and analysts say this week’s investment in Kerry Logistics gives it the firepower to be a one-stop shop for logistics services.
The addition of an international freight forwarder deal immediately vaults S.F. Express to the top echelon of ocean freight management companies and one of the leading warehouse, trucking and e-commerce providers in Asia. And S.F....
Is Hutchison Port Holdings Trust (HPHT) on the way to snatching victory from the jaws of defeat?
That’s a totally fair question.
And a very reasonable answer is a resounding yes.
Background
The 2011 Hutchison announcement that it would hive off its Hong Kong and Pearl River Delta terminals and list them as a trust on the Singapore Exchange – a major capital markets highlight then – raised quite a few eyebrows in the Lloyd’s …
The post Against the odds: Hutchison Port on the mend – double or...
https://theloadstar.com/against-the-odds-hutchison-port-on-the-mend-double-or-quits-now/
With global supply chains buckling under huge order volumes and a confluence of disruptive forces, shippers should prepare for 2021 to be a perpetual peak season across all transport modes, logistics experts warn.
Competition for freight space is so fierce that companies will need to pay exorbitant premiums to get on planes and vessels and apply more flexible shipping methods to avoid delays.
And the unusual move to keep factories open during the long Chinese New Year holiday means freight...
https://www.freightwaves.com/news/global-supply-chains-choke-under-tsunami-of-freight
Seaspan Corporation has entered into an agreement with an unnamed shipyard for the delivery of two newbuild 24,000TEU container vessels. Deliveries are anticipated to ..
https://www.bairdmaritime.com/ship-world/boxship-world/seaspan-orders-two-24000teu-newbuildings/
Japanese government officials have confirmed that one of the country’s submarines collided with a commercial vessel off the main southern island of Shikoku at ..
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA), says it won’t slow down operations during the Chinese New Year for shipments destined to Hong Kong.
Cainiao said Tuesday it will spend $645,000 to keep logistics facilities open during the Feb. 12-26 holiday to help businesses in mainland China and Hong Kong to continue sales and deliveries during the traditional Lunar New Year shutdown and prevent shipping delays for consumers in Hong Kong.
Hong Kong is the first...