Evergreen reports 58% jump in profit
TAIWANESE liner operator, Evergreen, has reported a jump in revenue of 68% year on year turning over TW$463 billion in 2024. Net profit, at TW$139.45 billion, was up 58% compared...
Strong result encourages Yang Ming deployment plans
WITH THE container shipping industry capacity growing by around 3 million TEUs, it according to Yang Ming Marine Transport Corporation. The corporation, in its 2024 financial...
OOCL warns of challenges to container industry
ORIENT Overseas (International) (OOCL), one of the world’s biggest integrated container transport businesses has warned of challenges to the industry in its annual report. While...
PIL names container vessel Kota Embun in China
THE FIRST Pacific International Lines (PIL) vessel to carry a bow windshield was named in a ceremony in China this week. The Kota Embun is the fourth 14,000 TEU LNG dual-fuel...
No stopping North & East Asia rates slide
WITH China-Australia rates in something like freefall since the first week of January and other Asian trades gradually following suit, carriers are rushing to try more GRIs, rate...
Trump plan to tax Chinese-built, owned ships
THE TRUMP Administration is proposing to “fight back” against China’s perceived maritime dominance by introducing new port fees and banning infrastructure ownership. The office of...
South Aust celebrates new Asia link
THE NEWBUILDING 1800 TEU MSC Sijing sailed out of Port Adelaide’s Outer Harbour this morning after making the first call on MSC’s extended Koala Service, thus restoring South...
Strategic Marine delivers first Surface Effect ship
SINGAPOREAN shipbuilder Strategic Marine has announced the signing and delivery of its first Surface Effect Ship (SES) to All Energies Services, an operator of offshore supply...
Resumption of wine exports to China boosts SA trade
AUSTRALIA has exported more than $86 million worth of wine to China in the month following the removal of duties on bottled wine. In that time, more than 350 Australian wine...
Swire Projects unveils new WA service
SWIRE Projects has introduced a service connecting Western Australia with ports in Asia. The Western Australia Express (WAX) service is a monthly semi liner shipping service which...
AiP issued for maritime hydrogen fuel cell system
CLASSNK has issued an approval in principle for a maritime hydrogen fuel cell system developed by Japan’s Yanmar Power Technology. The classification society said this is the...
Qantas to launch Darwin-Singapore service
QANTAS intends to launch a new international route connecting Darwin and Singapore. The direct flights would begin in December 2024, and speed up journeys between the Northern...
DNV to class very large ethane carriers
DNV will class shipowner Purus’ two newbuild very large ethane carriers (VLECs). The vessels have been contracted at HD Hyundai Heavy Industries (HHI) in South Korea and scheduled...
New leadership and regional structure at Röhlig
RÖHLIG Logistics has appointed Christoph Passek as managing director for China and Hong Kong. The logistics company has also assigned four area general managers to a new regional...
ICTSI commits to 2050 net-zero for scope 1 and 2 emissions
INTERNATIONAL Container Terminal Services has committed to achieving net-zero greenhouse gas emissions for its scope 1 and 2 emissions by 2050. ICTSI is the owner of the Victoria...
