The Singapore carrier’s CEO, Nicolas Sartini, ensures customers take top billing.
Sinokor Merchant Marine is set to take over 30 feeder container ships ranging in size from 698–1,794 teu from troubled Dutch owner Vroon.
Reefer fleet scrapping picks up as owners seek to remove older vessels.
Hong-Kong listed Chinese container ship operator SITC International saw a healthy rise in net profits, helped by a better supply-demand balance and a boost from its bulk shipping business.
Singapore’s Pacific International Lines delivered a profit in 2017 on the back of a 32% increase in revenues amid significantly improved market conditions.
The Marseille-based group has signed a memorandum of understanding that will put it in charge of marketing, operation, and maintenance of the terminal, which is due to start operating in 2020.
The International Maritime Organization’s stringent global cap on sulphur emissions and a sharp rise in fuel bills could encourage further demolition of older vessels when emission regulations come into force from 1 January 2020.
The Safety of Life at Sea (SOLAS) Convention’s VGM amendment was introduced in July 2016 to ensure the accuracy of container weights to prevent vessels from becoming destabilised and stacks collapsing or being lost overboard.
China Development Bank Financial Leasing has purchased two bulkers from now-defunct Sainty Marine Corporation for time charter to BG Shipping.
COSCO Shipping Corporation continues to plough investments into its logistics infrastructure in a bid to develop a better and more convenient door-to-door integrated logistics and supply chain solution.