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News - VY KHANG TRADING AND TRANSPORTATION JSC

Maersk signs multi-year logistics deal with Singaporean furniture retailer

From left: Declan Ee, co-founder of Castlery.com and Rupesh Jain, managing director of Maersk Thailand, Malaysia and Singapore Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer, for a multi-year global integrated logistics and fulfilment agreement. Through the partnership, Castlery expects to reduce wait times for orders to one to two months […]

PSA Singapore withdraws restriction on hydrogen peroxide transportation

PSA Singapore has withdrawn a ban on carrying hydrogen peroxide through the port from Bangladesh and other countries. The ban was imposed on 9 June, five days after the fatal fire and blast incident that occurred on 4 June at BM Container Depot in Chittagong which killed 49 and injured several hundred. Following the imposition of the […]

FMC requests comments on benefits of issuing emergency order requiring information sharing

The US Federal Maritime Commission (FMC) is seeking public comment on whether supply chain congestion has created conditions that warrant the issuance of an emergency order requiring common carriers and marine terminal operators (MTOs) to share information with shippers, truckers and railroads. The Ocean Shipping Reform Act of 2022 (OSRA), enacted as Public Law 117-146, […]

Port of Tyne sees growth in revenue, volumes and investments

Despite the ongoing operational disruption due to Covid-19, investment, revenues, and profits are all increased at the Port of Tyne in the United Kingdom. More specifically, over the previous 12-month period, revenues reached US$56,60 million (£47,3 million), up US$5,86 million (£4.9million), and EBITDA, or investable profit, was US$12,68 million (£10.6 million), up US$1,56 million (£1.3 […]

PIL joins World Shipping Council

The Singaporean container shipping line Pacific International Lines (PIL) has become a new member of the World Shipping Council (WSC). PIL is currently ranked 12th in the world with a fleet of around 100 boxships with its global trade network spans Asia, Africa, Latin America, Middle East and Oceania, while it has offices and agencies […]

Indian shippers brace for more sailing disruptions on Europe connections

Indian shippers — already battling to secure vessel space — are going to be hit by more sailing disruptions on weekly Europe connections. CMA CGM has announced three sailing omissions for Indian ports this month on its premier EPIC2 [Europe-Pakistan-India-Consortium] Service, operated jointly with Hapag-Lloyd. The latter markets it as the Indian Ocean Service (IOS). […]