Despite outperforming the market on time charter equivalent earnings and costs, 2018 was a financially challenging year for Maersk Product Tankers, facing the lowest spot market rates seen in a decade. A strong balance sheet and significant investments build a solid foundation for the future. “In 2018, we continued the work to create sustainable, long-term … Read moreMaersk Tankers Posts Loss In Tough Market
The Global Positioning System lets us know where we are (and where we are going) anywhere on Earth. For thousands of years, humans found their way by looking to the sky. Sailors used the constellations, sun, and moon to navigate to distant shores. Today, all that’s needed is a device called a GPS receiver. GPS … Read moreWhat is GPS?
APL today unveiled the new weekly China Southeast Asia Express (CSX) service that will directly connect Hong Kong, South China, Taiwan to four ports in the Philippines. Each week, the new service will call the Philippines ports of Subic Bay, Batangas, General Santos and Davao. The CSX service will be characterised by its access to … Read moreAPL Unveils New China Southeast Asia Express
Two new 14,000 TEU full-container vessels built for Yang Ming Marine Transport Corp. (Yang Ming) by Imabari Shipbuilding Co., Ltd., Japan, were named as YM Wonderland and YM Wisdom respectively at a ceremony held on 21st December, 2018. Yang Ming Chairman Bronson Hsieh, and National Ocean Taiwan University President Chang Ching Fong, were invited to … Read moreYang Ming Launches Two Ultra Large Container Vessels
Global economy has been hit by uncertainties that caused the growth to slow down. Those uncertainties were caused by the strain on the world trade conditions. According to HKDTC export index, around 51% exporter are expected to see improvement on their sales next year. However, there are emerging caution on the increasing trade protectionism and … Read moreHong Kong’s Export Optimism 2019