FIATA renews partnership with CargoWise for second year

The FIATA International Federation of Freight Forwarders Associations and Wisetech Global continue their partnership for the second year aiming to proceed with the digital transformation of the logistics supply chain industry. “As FIATA continues to facilitate digital trade for its members with its Digital FBL, the need for robust and reliable partners on the digitalisation […]

Container lines see important decline in revenues and earnings in 2023 first quarter

Sea-Intelligence said there were indications of a weakness in the market in the second half of 2022, which has manifested fully in the first quarter of 2023. Revenues declined quite sharply, in the range of 35%-70% year on year, while in terms of earnings before interest and taxes (EBIT), there was a stark difference for […]

Chinese major box ports handle over 95 million TEUs in first months of 2023

CMA CGM container vessel at the Port of Shanghai Chinese container ports have handled 95.4 million TEUs in the first four months of the year, translating to a year-on-year increase of 4.8%. The ports in China have also reported over 5.2 billion tonnes of cargo between January and April of 2023, representing a rise of […]

China begins construction of new canal in the southwest

Aerial photo shows the Qinzhou port near the estuary of Pinglu Canal, in Qinzhou city, South China’s Guangxi Zhuang autonomous region. The construction works in China’s new canal, the Pinglu Canal, started on 23 May in south China’s Guangxi Zhuang Autonomous Region, according to the regional Department of Transportation. The Pinglu Canal, stretching over 134 […]

Ocean Network Express opens new branch in Ireland

Ocean Network Express (ONE) opened its first completely owned branch in Ireland. The new branch launched on 1 June in Dublin, the capital of the country. “The new ONE office will provide quality and reliable shipping services to customers based in Ireland, with a strong focus on customer satisfaction,” said the company in a statement. […]

Asian water sees 13% rise in sea robbery in first months of 2023

Source: International Maritime Organisation (IMO) With fragile economic conditions and inflationary pressure worldwide which drive individuals to commit piracy and sea robbery, the Asian water saw a 13% rise in piracy and ship burglary during the January-May period compared to the same months last year. According to the Regional Cooperation Agreement on Combating Piracy and […]