Finance - News
In view of the growth potential in Latin American trade, Evergreen Marine Corp. (Evergreen Line) is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities, optimise the efficiency of its network routing and enhance its competitiveness in the area. Trade expansion in Latin America Evergreen confirms its continued commitment to serving the t...
The launching ceremony of the New International Land-Sea Trade Corridor (ILSTC) and COSCO SHIPPING “Hainan-ASEAN (Singapore)” Liner Route, co-hosted by Hainan Provincial People’s Government and COSCO SHIPPING, was held at Hainan Yangpu Xiaochantan Terminal owned by Hainan Harbor & Shipping Holding Co., Ltd. Attendees at ceremony Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Xiao Yaqing, Governor and Vice Governor...
PT Salam Pacific Indonesia Lines (SPIL), a national shipping company and Toll Group, an international logistics company, have entered into a new partnership to provide broader supply chain services including Contract logistics, International freight forwarding and Domestic distribution. With 130 years of experience in logistics and supply chain, Toll has significant capabilities in Contract logistics and International freight forwarding along with expertise in mining, energy and remote logistic...
Marlan Maritime Technologies Ltd (Marlan) is excited to be exhibiting at the Marine & Coastal Civil Engineering Expo 2018 (M&CCE Expo 2018), which is taking place at the National Exhibition Centre (NEC) Birmingham, in Birmingham, United Kingdom (UK) from September 11 to September 12, 2018. Coastal and near-shore survey and monitoring Marlan will be showcasing Synoptic and talking about the capabilities of their monitoring systems The company executives present at the event are hoping...
Thai-based RCL is pleased to announce the launch of its new service between Central China and Thailand. The port rotation will include Shanghai – Ningbo – Laem Chabang – Port Authority of Thailand (PAT) – Thai Sugar Terminal (TST) - Laem Chabang – Manila (North) – Shanghai. RBC5 and Jaru Bhum RCL will contribute 2 Bangkok maxed vessels, with another vessel from Cosco Shipping in a 21-day rotation Starting 16 August from Shanghai, the service is being brande...
Asia Pacific Maritime (APM), Asia’s shipbuilding & marine, workboat, and offshore exhibition and conference concluded on a strong note on 16 March 2018 with attendees expressing optimism for an anticipated upturn. 14,158 trade visitors congregated at the biennial event, as 1,432 brands from 60 countries, represented by over 644 booths, exhibited their innovations for the industry. international participation and support Yeow Hui Leng, Group Project Director, APM said, “T...
Asia Pacific Maritime (APM), Asia’s premier shipbuilding & marine, workboat, and offshore exhibition and conference were officially launched by Dr. Lam Pin Min, Senior Minister of State, Ministry of Transport & Ministry of Health, Singapore. Taking place from 14 to 16 March, the biennial event comes at a time when the industry is cautiously optimistic, supported by signs of recovery across maritime sectors and positive macroeconomic development. Introduction of new showcases APM...
From 14 to 16 March 2018, Asia Pacific Maritime (APM) will gather key industry players and thought leaders within the global maritime industry for three days of knowledge exchange, networking and business-building. The 15th edition will also welcome 18 official pavilions, including Greece and Spain which will be present for the first time. Throughout the three days, the biennial event expects to host more than 1,500 exhibiting companies, represented at over 630 booths from 60 countries, and ove...
HMM has announced that its handling volume of US Premium Service has reached over 10,000 TEU, as of the end of January 2018. Since May 2017, HMM has provided US Premium Service in PS1, PS2, and PN2 routes, connecting Asia’s main ports with the US west coast, including Los Angeles and Tacoma. US Premium service With the Asia-US West Coast Premium service, customers can secure reliable cargo loading space, even in the peak season and have priority to discharge their cargoes, at the destina...
The 15th Asia Pacific Maritime (APM), Southeast Asia’s most established maritime, workboat, and offshore exhibition and conference will present its strongest line-up of keynote and conference speakers when it takes place in Singapore from 14 to 16 March 2018. Over 40 leaders and experts from across the global maritime industry will lead discussions on the major trends and issues shaping Asia Pacific's maritime, workboat, and offshore industries, whilst sharing their insights and forecast...
HMM has inked a long-term crude oil shipping contract, worth KRW 190 billion, with GS Caltex. Under the shipping deal, which was signed on February 1, 2018, HMM will transport a total of 19 million tons of crude oil, from the Middle East to South Korea, over a period of 5 years, starting from July 1, 2019 to August 31, 2024. HMM - GS Caltex partnership HMM plans to deploy two 300,000 DWT Very Large Crude Carriers (VLCC), previously ordered in September 2017 Accordingly, HMM plans to deploy tw...
Despite the challenging operating landscape in the maritime industry set to continue, there are opportunities for Malaysia to further develop its maritime economy as its maritime industry is supported by numerous shipyards, ports, and terminals, and has more to offer in addition to a prime geographic location. Opportunities aplenty for Malaysia’s maritime industry “Even though the maritime industry in Malaysia continues to be in rough waters owing to overcapacity and tight financin...
The 15th Asia Pacific Maritime (APM), Southeast Asia’s most established maritime, workboat, and offshore exhibition and conference will present its strongest line-up of keynote and conference speakers when it takes place in Singapore from 14 to 16 March 2018. Over 40 leaders and experts from across the global maritime industry will lead pertinent discussions on the major trends and issues shaping the maritime, workboat, and offshore industries, whilst sharing their insights and forecast t...
COSCO SHIPPING ARIES, China’s first 20,000 TEU containership with proprietary IPRs built by Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) affiliated to COSCO SHIPPING, was named and delivered in Nantong. It is the first 20,000 TEU containership built by NACKS for COSCO SHIPPING Lines as well as another masterpiece after the 13,386 TEU containership independently designed by the company in 2013. The new vessel not only breaks the record of the largest containership delivered in Chi...