Indonesia gains pace as competition between Singapore and Malaysia intensifies
Singapore, Indonesia, and Malaysia are enhancing their maritime sectors through strategic foreign direct investments (FDIs), digital transformation, and sustainability initiatives. Recent market analyses and investment reports highlight the pivotal role these nations play in Southeast Asia’s burgeoning maritime trade. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember […]
Maersk unveils its largest distribution centre in the Philippines
A.P. Moller–Maersk recently inaugurated its largest distribution centre in the Philippines, a 100,000m² facility located in Calamba, Laguna, through Maersk Contract Logistics. Philippine President Ferdinand R. Marcos Jr. and Department of Trade and Industry Secretary Cristina A. Roque were the guests of honour at the opening ceremony. “With the grand opening of the Maersk Optimus […]
Elizabeth Fire Department conducts confined space rescue training at APM Terminals facilities
During the 21st week of 2024, the Elizabeth Fire Department in Elizabeth, New Jersey, conducted essential confined space rescue drills at APM Terminals Port Elizabeth as part of their annual training to ensure readiness for high-risk situations. This collaboration between the fire department and the terminal staff underscores the significance of preparedness in responding to […]
ONE launches new inland haulage service in Bahrain
Ocean Network Express (ONE) has introduced a new value-added service for inland haulage between the Bahrain terminal and the Bahrain City limits. ONE has decided to announce this new service to “continuously provide a reliable service” in the country. “This enhancement to our logistics solutions aims to provide you with greater convenience and efficiency in […]
Suez Canal Crisis: Dwindling revenues and rising regional tensions reshape global trade
The strategic importance of the Suez Canal as a global maritime artery has come into sharp focus following recent revelations by Egyptian President Abdel Fateh El Sisi about a significant revenue downturn. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an […]
ATSG to be acquired for $3.1bn
Investment firm Stonepeak is set to acquire US freighter lessor and operator Air Transport Services Group (ATSG) for $3.1bn. The two businesses have entered into a definitive agreement, which has been unanimously approved by ATSG’s board of directors. Upon completion of the transaction, ATSG’s shares will no longer trade on NASDAQ and ATSG will become […]
Baltic Exchange rolls out platform for real-time freight intelligence
The Baltic Exchange has together with digital platform developer Zuma Labs launched a new product that delivers real-time Baltic Exchange indices and FFA (freight forward agreement) prices to shipping professionals. The new platform called Baltic Exchange View has been designed specifically to meet the needs of brokers, charterers, and shipowners for instant access to critical […]
New Saltchuk president and CEO
Saltchuk Aviation president and chief executive Betsy Seaton has retired and has been succeeded by former chief operating officer Mike Thompson. Seaton has successfully guided US-based Saltchuk Aviation through numerous milestones during her six-year tenure, including achieving top-tier safety performance, obtaining ETOPS certification and expanding partnerships with key customers. Her leadership has also driven significant […]
SpeedX acquires Accelerated Global Solutions
Tech-enabled last mile delivery platform SpeedX has delved into airfreight with the acquisition of freight forwarder Accelerated Global Solutions (AGS). AGS brings a range of services to SpeedX, including international air and ocean freight forwarding, warehousing solutions and licensed customs brokerage. With over 300 employees, AGS serves the fast fashion, automotive, healthcare, tech, metal and […]
Korea Line offloads supramax quartet
SM Group’s Korea Line Corp has continued to offload tonnage, taking the number of ships exiting the fleet this year to ten. The Seoul-based diversified owner has been reported of selling a quartet of supramax bulkers en bloc, following a $53m deal to offload two capesizes to China’s Jiangsu Steamship. S&P sources suggest a deal […]