APL is building up its Intra-Asia network with the addition of a second service string from Shanghai and Ningbo to Jakarta and Surabaya,
APL is continuing to expand with differentiating new services, unveiling a new weekly China to Australia service that is designed to provide the industry’s fastest transit time on the trade.
AP Moller – Maersk logistics arm Damco looks set to compete with its container line cousin on the Asia – Europe as it launches a new rail freight service between China and France promising faster transit times.
The Liberian Registry continues to improve its Port State Control (PSC) performance year after year, and currently has the fourth most vessels of any flag state enrolled in the USCG’s Qualship 21 programme. It has also seen a 62% reduction in vessel detentions in the US over the past three years and, for the fifteenth year in a row, is not among those flags targeted by the US Coast Guard (USCG), the Liberian Registry said in a statement.
Top container ship lessor Seaspan just added significant new financial muscle, with new shareholder, Canadian investment company Fairfax Financial Holdings, pumping in an additional $1bn into the company.
The Hong Kong Shipowners Association (HKSOA) highlighted the fact that Hong Kong and China should ratify the Hong Kong Convention on ship recycling as soon as possible.
Although bank ship finance into Greek shipping continued to contract in 2017, the decline is slowing and by the end of this year more banks will become more willing to lend into the Greek market. This is the conclusion of the annual look at Greek ship finance by Petrofin Bank Research.
Newport Shipping has come up with an innovative new concept in managing ship repair projects, providing a business-friendly solution for shipowners, while also aiming to get an edge in the looming retrofit market.
In another landmark for overland connections under the Belt and Road Initiative (BRI) between China and Europe the first freight train exclusively destined for Antwerp arrived at the Belgian port on Saturday.
The shock victory by the Malaysian opposition Pakatan Harapan in the country’s General Election on Wednesday have put a question mark over Belt and Road Initiative projects with China in the Southeast Asian nation.