Hapag-Lloyd Half Year Results: EUR 88.7 Million EBIT in a Challenging Market

August 13, 2018

Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7 million after six months and therefore close to the level of the first half of the year 2017 (EUR 90.7 million). The group net result amounted to EUR -100.9 million, which is EUR 58.2 million below the 2017 half year result (EUR -42.7 million). These developments are mainly driven by the ongoing intense competition as well as higher operational costs, partly compensated by synergies coming from the business combination with United Arab Shipping Company Ltd (UASC).…See Details...

Container Shipping Firms Focus on Asset Optimisation Amid High Fuel Prices, Trade Disruption

August 13, 2018

Asset quality, size and diversification will determine the success of shipping companies in the next 18 months as higher costs, tighter environmental rules and worsening global trade relations risk offsetting buoyant demand and capacity reductions. ­­ Only container- shipping companies with the biggest fleets and most efficient vessels are likely to turn a profit this year and meet longer-term challenges, says Scope Ratings in a short report. Container shipping is a capital-intensive business. A .P. Møller-Mærsk, the industry leader, spends around USD 1bn a year on new ships. When owners have little control over cargo rates, and differentiating one freight service from another is difficult, industry returns depend on asset optimisation – ensuring ships are always at sea and fully loaded. …See Details...

The Role of Asean’s Ports in China’s Belt and Road

August 09, 2018

​China’s investments in deep-sea ports in Myanmar and Cambodia will provide critical links in the Belt and Road Initiative (BRI), but there are also concerns that they could give China undue economic leverage in the region. On the Bay of Bengal in Myanmar, Chinese state-owned firms have been given the green light to construct a $7.3 billion deep-water port and a $2.7 billion industrial area in a special economic zone which would be 70 per cent owned by China and 30 per cent owned by Myanmar. However, if the costs of Myanmar’s share prove too much to bear there are concerns it could fall into a debt trap, as happened with Sri Lanka, which late last year handed over control of its Hambantota port to China. …See Details...

16 Types of Container Units and Designs for Shipping Cargo

August 06, 2018

Container units form the most integral part of the entire shipping industry, trade, and transport. These shipping containers are the structures that store various kinds of products that need to be shipped from one part of the world to another. Moving containers protect contents on the long journeys they make and ensure they make it back to you in one piece. As such, depending on the type of products to be shipped or the special services needed from them, container units may vary in dimension, structure, materials, construction etc. various types of shipping containers are being used today to meet requirements of all kinds of cargo shipping. Some of the most common types of shipping containers in use today are mentioned below.…See Details...

PETRONAS delivers first LNG cargo to Hokkaido Electric Power Company

August 06, 2018

​PETRONAS through its subsidiary, Malaysia LNG Sdn Bhd (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power Co., Inc. (Hokkaido Electric) on August 1st, 2018. This delivery marks the beginning of MLNG's supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on 2 March 2017.…See Details...

DHL To Support Indonesia's Expanding Life Sciences Industry

August 03, 2018

​“Indonesia’s pharmaceutical market is projected togrow by 10% per annum to be worth more than US$12 billion by 2022, driven largely by growth in the domestic market for generic drugs and increasingly accessible healthcare country-wide. This creates significant opportunities for both multinational and domestic life sciences operators to scale up their operations,” said Vincent Yong, President Director, DHL Global Forwarding Indonesia. “This new bonded warehouse is our latest investment in the logistics infrastructure needed to fully capitalize on those opportunities while boosting the quality of medicines, devices, and other medical goods that Indonesia’s people have access to.”…See Details...

Yusen Logistics Indonesia The Best Custom Brokerage 2018

August 02, 2018

​PT. Yusen Logistics Indonesia has just got award as the best custom brokerage 2018 from Indonesia customs authority (BC) of Tanjung Priok Chapter (KPU Bea Cukai) Tanjung Priok), for its high number of documents it submitted and accuracy in export import document submission. The award delivery took place on the sideline of KPU Tanjung Priok 11th Anniversary last month (July).…See Details...

Robotics and Drone Market Growing 19.6% Annually

August 02, 2018

​Companies are investing heavily in both robots and drones and by the end of this year sales will hit $95.9 billion. This market is experiencing a 19.6% annual growth rate which means sales will reach $201.3 billion by 20222, according to a recent study from analyst firm IDC. ​…See Details...

INTTRA Adds Turkon Line to its Carrier Network

August 02, 2018

​INTTRA, the largest neutral network, software and information provider at the center of the ocean shipping industry, yesterday announced the addition of Turkon Line, the latest regional carrier to join its rapidly expanding network.​ Turkon provides shipping services focused on the US, Europe and the Eastern Mediterranean through eight locations strategically located across Turkey, the US and Europe. Turkon will offer its customers a suite of shipping services through INTTRA’s network, including booking requests, shipping instructions, and Track and Trace.​…See Details...

Video: Animating 70 years of better shipping for a better future

August 02, 2018

70 years of helping international shipping become safer, more secure and develop a greener environmental footprint – that's what IMO is celebrating in 2018, with a series of events and commemorative productions being released throughout the year. The latest is a short animated film which shows how IMO has developed mandatory international regulations covering almost every aspect of shipping. As a result, modern shipping conforms to the highest practicable standards and is the safest, cleanest and most efficient way to move goods around the world.…See Details...