Finance - News
Pacific International Lines Pvt. Ltd is pleased to announce the launch of 2 new India services – China India Service (CIS) and China Pakistan Service (CPS), with effect from August 2019. These new services will provide enhanced direct service between Central/Southern China and India, Pakistan & Sri Lanka, calling Nhava Sheva, Mundra, Karachi (SAPT & Port Qasim), and Colombo. Rotation of CIS SHANGHAI – NINGBO –SHEKOU – NANSHA – SINGAPORE – PORT KLANG...
Ocean Network Express (ONE), together with Hapag-Lloyd, joins TradeLens, the blockchain-enabled digital shipping platform jointly developed by A.P. Moller - Maersk and IBM, to benefit shippers and drive greater innovation. CMA CGM and MSC Mediterranean Shipping Company also recently announced joining TradeLens. ONE is constantly strengthening and expanding its coverage to meet the challenging demands of the crucial Asia market and recognises that expanding digital collaboration is critical to t...
Members of THE Alliance, Ocean Network Express (ONE), Hapag-Lloyd, and Yang Ming announced a fourth member, Hyundai Merchant Marine (HMM), a South Korean container liner shipping company to join The Alliance as a full member. Through this, the members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030. The actions were agreed in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines wil...
Global eTrade Services (GeTS), a global trade platform company and a subsidiary of CrimsonLogic (a provider of digital solutions, products, and services) announced the addition of Pacific International Lines (PIL) – the world’s top 10th containership operator on CALISTA™, an interoperable, neutral and trusted platform that enables supply chain orchestration across the world. Benefits of intermodal connectivity PIL will leverage the innovative supply chain orchestration platfo...
Oslo-based Xeneta, the ocean freight rate benchmarking and market analytics platform, has revealed a jump in long-term contracted rates for containership operators during May, as 2018 rates expire and new contracts push the index upwards. Global rates Global rates leaped by 11.5% across the month, with US rates for imports climbing by close to 20%" According to the latest XSI® Public Indices report, based on crowd-sourced data covering over 160,000 port-to-port pairings, with 110 million...
Within ten years, the Becker Mewis Duct has become a globally successful product. Demand for the energy-saving device is rising again, as the new IMO environmental guidelines come into force next year. Accordingly, there will be great interest at the Nor-Shipping 2019 trade fair, which is taking place in Oslo, Norway, from 4th June to 7th June 2019. Becker Marine Systems will also be presenting other maneuvering systems and energy-saving solutions for ships. Becker Mewis Duct reduces CO2 emiss...
Jae-hoon Bae, President & CEO of HMM, starts to accelerate the pace of overseas on-site management following his visit to the sites in Korea. Mr. Bae departed for London, UK on April 22 to strengthen business relationships with not only major customers in Europe but global top-rated carriers, and return to Korea on April 26. Mr. Bae plans to visit the European headquarter of HMM, located in London, to encourage its employees and make sales strategies based on the character of each region a...
PIL is honoured to be present at MPA’s Maritime Innovation Lab launch on 9 April 2019, at PSA Vista. The launch of the innovation lab was held in conjunction with Singapore Maritime Week and the event was graced by Guest of Honour Dr. Lam Pin Min. Many industry players, startups, and maritime personnel were gathered to share knowledge and explore future collaborations within maritime. e-BL blockchain project PIL formed part of the exhibition team and together with IBM showcased their el...
On January 30, 2019, HMM announced that it held a signing ceremony for the ‘PSA-Hyundai Pusan New Port (PHPNT) Pier 4’ sales contract. Over 100 participants joined the signing ceremony hosted at the PHPNT office in Pusan, including Young-Choon Kim (Minister of Oceans & Fisheries of Korea), Kichan Nam (President Busan Port Authority), C. K. Yoo (HMM President & CEO), and Roger Tan Keh Chai (PSA Regional CEO Northeast Asia). Sales contract details HMM becomes co-owner of PSA...
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...
SRT VTS utilises Dynamic 3D to automatically display all elements of the maritime environment in real-time and fully in 3 dimensions. The system uses standard chart, AIS and other sensor data, leading to faster and vastly improved comprehension of maritime situations. This has led to its use by many maritime organisations – and in some highly emotive legal cases – resulting in significantly improved understanding of incidents and disasters and generally leading to more efficient and...
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...
SRT, the global provider of maritime tracking and monitoring technologies and turn-key system solutions, has won the main International Company of the Year award (up to 50M turnover) at Insider’s South West International Trade Awards 2016. The company stood out on a night that recognised the very best in South West overseas business success. The judges said ‘this £10M turnover business has cracked open opportunities in Asia and we’re wowed by its new contract’. Gra...