New deputy to succeed Kastrup as PIL chief
THE BOARD of Pacific International Lines has appointed Wan Chee Foong as Deputy CEO, with the intention he succeed Lars Kastrup as CEO in April 2027. Under the succession process...
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PIL expands intra-Asia offering
SINGAPORE’s Pacific International Lines is linking China, Indonesia and Malaysia with two new services as it expands its intra-Asia coverage. PIL says it is enhancing connectivity...
Global marine insurance premiums rise, IUMI says
GLOBAL marine insurance premium income rose by 5.5% in 2025 to USD 42.6 billion, according to new market analysis from the International Union of Marine Insurance (IUMI). The...
Minister Catherine King to talk supply chains in China
SECURING regional supply chains will be high on the agenda when infrastructure and transport minister Catherine King visits China this week. Ms King is travelling to attend the...
AAL gets more miles to the gallon
SINGAPORE-headquartered AAL Shipping has reported a 19% improvement in its fleet-wide Energy Efficiency Operational Indicator (EEOI) since 2023. The heavylift, project and...
Sky’s the limit for sea rates
CHINA-Australia rates are continuing their flight to new heights while those from South East Asia are repeating their week-on, week-off pattern — but still rising. The mean SCFI...
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Cathay announces key management appointments in Oceania
CATHAY has confirmed Aldric Chau as regional general manager for Southeast Asia and Oceania, while Richard Jones will take on the role of area head for Oceania, as the carrier...
OOCL remembers Tung Chee-hwa
OOCL released the following statement after the passing of former OOIL chairman Tung Chee-hwa. Mr. Tung Chee-hwa, former Chairman of OOIL and the first Chief Executive of the Hong...
Asian Bulk Logistics: Engage the latest part of a "grand plan"
AT THE end of July Jakarta’s PT Asian Bulk Logistics completed the acquisition of a majority shareholding in the Engage Marine Group, first foreshadowed by Daily Cargo News on 27...
Vale CH Tung: “saviour of OOCL”
TUNG Chee-Hwa, from 1982 chairman and CEO of the Tung group and first Chief Executive of Hong Kong (1997-2005), died on 8 September at age 89 after a long illness. The elder son...
Swire merges businesses
SWIRE Shipping is to fully integrate Swire Projects into the parent company as of November this year and acquire outright four of its six chartered heavylift MPPs while extended...
TS Lines up good first half
HONG Kong-based, Taiwan-owned TS Lines has managed a first half boost to revenues and profits despite actually carrying fewer containers. For the six months ended 30 June 2026,...
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Bouncing rates reflect Asian delays
ONCE again it’s the South East Asia trade that’s drawing attention this week with another flip-flop in rates. According to Xeneta the mean rate from South East Asian main ports to...
COSCO 1H: revenues up, profits down
COSCO Shipping Holdings “sustained its industry-leading financial performance” in the first half of 2026, after a strong turnaround in the second quarter. In the first half of...
OOCL 1H: Profits down, revenues up
IN LOCKSTEP with parent COSCO Shipping Holdings, Orient Overseas International Ltd (OOIL) has seen first half profits eroded by additional costs but recorded new highs in revenue...
