X-Press Pearl is sinking off Sri Lanka

The Singaporean-flagged vessel X-Press Pearl is sinking off the coast of Sri Lanka after two weeks of salvors’ attempts to put out the fire and prevent the vessel from breaking up and sinking. “Although the salvors have tried and exhausted all means, the operation had to be temporality aborted for safety reasons,” confirmed Sri Lanka […]

Busan Port operators lock in business with an eye to future competition

Operators of two container terminals in Busan New Port have secured volumes from the container shipping alliances for at least the next five years, in anticipation of enhanced competition when more piers in the port open. THE Alliance, which consists of Hapag-Lloyd, ONE, Yang Ming and HMM, has signed a contract with Hanjin Busan Newport […]

Port of Shenzhen faces severe congestion

The congestion at the Port of Shenzhen, China, is evolving with the port’s Yantian International Container Terminal (YICT) operating at a very high yard density, according to Ocean Network Express (ONE) announcement. Additionally, several Covid-19 cases were reported earlier this week and the local authorities have tightened the sanitary and quarantine measures around the area. […]