Oman street with trucks

The Japanese shipping group’s third-party logistics arm MOL Logistics said on 17 May that it has entered a tie-up with Omani logistics firm Al Madina Logistics Services.

Soren Skou

The carrier becomes the latest container line to report a loss, with Hapag-Lloyd, Yang Ming, and Hyundai Merchant Marine also reporting negative results for the latest quarter.

Tanya Saadé Zeenny

Digitalisation a key focus going forward, says group executive officer Tanya Saadé Zeenny.

The 2014-built 145,979 dwt Hyundai Drive

Hyundai Merchant Marine is providing employee incentives amounting to 3% to lift staff morale following heavy cutbacks.

 E.R Sydney.

The slowdown has brought the spectacular rise in vessel prices – up by about 60% year-on-year in some size and age classes – to a halt in some corners of the market.

Hapag CEO Rolf Habben Jansen.

Although much of the UASC integration is already completed, the benefits were not enough for Hapag-Lloyd to maintain profitability during the first quarter, which is always challenging for container lines due to seasonal weakness in global cargo flows.

Chittagong port

Carriers say the worst affected ports include Bangkok, Chittagong, Calcutta, and Shanghai, with berthing delays of about a week.

Haiphong port gateway

Located in Lach Huyen, HICT is the first terminal in northern Vietnam that can accommodate 14,000 teu container ships.

Gold Star vessel Erato

Volumes are growing, but the carrier is finding it difficult to contract adequate chartered-in tonnage.

The operator of pier #7 at Busan North Port plans to nearly halve its headcount of about 140, after Sinokor Merchant Marine decided to shift its container handling to Gamman pier, which is nearer central Busan.  Sinokor Merchant Marine’s decision will remove 200,000 containers per year from pier #7, which is operated by Dongkuk Steel’s logistics arm, Intergis. Due to this, Intergis decided that there was excess manpower at the pier. From 3 May to 9 May, Intergis received applications for early retirement, h

Intergis plans to shed half its headcount at Pier 7 at Busan North Port after Sinokor Merchant Marine’s decision to remove 200,000 containers from there.