INTERNATIONAL Container Terminal Services, Inc's (ICTSI's) subsidiary in Ecuador, Contecon Guayaquil SA (CGSA), has signed an investment...
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ICTSI Ecuador invests US$18m to develop Guayaquil Port - Shipping urged to work with EU to develop new green framework
A KEY message emanating from the recent virtual high-level meeting at the Global Maritime Forum is that rather than fighting regional environmental...
- Antong Holdings auctions general cargo ship after government bailout
CASH-STRAPPED Chinese domestic liner operator Antong Holdings has begun selling assets to raise cash, a day after securing a government bailout
- Maersk revises upwards full-year financial forecast
DANISH shipping giant AP Moller-Maersk A/S has raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs
- Revenue pressures continue for North American Airports and Airlines
THE Covid recovery period in the US and Canada will intensify revenue and cost pressures on North American airports and airlines, reports...
- Westport 2's transshipments based on sound capacity expansion
MALAYSIA's Westport 2 expansion plan is expected to increase the por's capacity by 50 per cent to 28 million TEU per annum by 2040, say...
- Carbon Border Tax emerges in EU in the guise of protectionism
THE European Commission will tax greenhouse-gas produced by factories outside Europe that ship their products into Europe, reports Bloomberg
- Trafigura lobbies UN to introduce ship decarbonisation tax
DUTCH ship charterer Trafigura is lobbying for a decarbonisation tax by the UN's International Maritime Organisation (IMO) of between US$250-$300...
- Freight forwarders up in arms over Port of Felixstowe's congestion
THE Port of Felixstowe is facing severe congestion at the facility due to an increase in container volumes in the rush to beat China's Golden...
- Trump again raises idea of decoupling economy from China
US President Donald Trump again raised the idea of separating the US and Chinese economies, also known as decoupling, suggesting the United States...
- Sydney's container congestion sparks anger all round Down Under
SYDNEY's pile up of empties, sorely needed in China ports if liners would only take them there, are causing massive congestion in Botany Bay,...
- Indo-China trade at risk as border skirmishes intensify
INDIA banned 118 more mostly Chinese apps, raising tensions after troops skirmished over a disputed Himalayan border site, raising doubts about the...
- Finnair to cut 1,000 jobs as Covid-19 crisis rips through its business
FINNISH flag carrier Finnair plans to eliminate 15 per cent its workforce and push through deeper cost cuts in an effort to survive one of the worst...
- HK Competition Commission okays box shops' Seaport Alliance plan
HONG KONG's Transport and Housing Bureau is expected to decide on August 26 whether to accept remedies proposed by container terminal operators...
- Air Canada blames US$1.16 billion loss on Canadian Covid restrictions
CANADIAN flag carrier Air Canada reported an operating loss of C$1
- South African Airways rescue stalls as banks say they lack funds
THE expected rescue of South African Airways (S) has been stalled because government attempts to raise ZAR5
- Fed up crews strike in Australia, protesting lack of crew changes
EXHAUSTED seafarers confined to their ships for months have stopped work in Australia to protest restrictions on the lack of crew changes resulting...
- Ecommerce surge experienced by UPS attributed to Covid scare
ECOMMERCE got a boost from the Covid-19 scare if the surge in online shopping posted by United Parcel Service is anything to go by, reports the...
- BA and Air France-KLM plan share sales, layoffs to survive Covid
BRITISH AIRWAYS owner IAG has plans for a EUR2
- Australia declares China's South China Sea claims are unlawful
AUSTRALIA has joined the United States in stating that China's claims in the South China Sea do not comply with international law in a...