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...

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...

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...

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...

Hyundai Merchant Marine signs Letter of Intent for its mega containership orders

June 22, 2018

Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for 20 new vessels.…See Details...

CMA CGM’s Ze Box and PSA UnboXed sign MoU to Drive Digitalization and Innovation

June 06, 2018

CMA CGM’s Ze Box and PSA unboXed have signed a Memorandum of Understanding (MoU) to drive digitalization and innovation in the shipping and supply chain ecosystem.…See Details...

Konecranes Gottwald Mobile Harbor Crane to handle bulk materials in Rotterdam

May 28, 2018

​Konecranes has won an order from the Netherlands for a Konecranes Gottwald Model 6 Mobile Harbor Crane, scheduled to be commissioned in the summer.…See Details...

The Kaizen Paradox: How Incremental Improvements Can Impede Innovation in Automation of Warehousing and Distribution

May 24, 2018

Kaizen. It is a word synonymous with improvement in organisations around the world. While the Japanese word literally means ‘improvement’, in industry and business the focus is on small, continuous steps to better processes. It is embedded in the management thinking of many organisations. Japanese businesses developed Kaizen practices around the 1950s, most notably Toyota as part of their Toyota Production System. After studying why the company was so successful at high-volume production of high-quality vehicles in the 1960s, Masaaki Imai wrote several books on Kaizen and formed the Kaizen Institute, spreading the knowledge and practice around the globe. However, there are times when Kaizen is not enough. Worse still, a small improvement can often hold an organisation back, perhaps even stifling significant development.…See Details...

INTTRA Adds Salam Pacific Indonesia Lines to its Carrier Network

May 17, 2018

​INTTRA, the largest neutral network, software and information provider at the center of the ocean shipping industry, today announced an expansion of its rapidly growing carrier network with the addition of Salam Pacific Indonesia Lines (SPIL), its first carrier in Indonesia. The addition of SPIL represents a trend by regional carriers who are joining INTTRA to gain a competitive advantage in their service regions. SPIL provides services to all Indonesian routes, with 32 offices strategically located across the Indonesian archipelago. SPIL will offer its customers a range of services through INTTRA’s network, including booking requests, shipping instructions, Track and Trace, and Ocean Schedules.…See Details...