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Trade facilitation: Critical to COVID-19 recovery

Trade facilitation: Critical to COVID-19 recovery

Lines of trucks, often hundreds of vehicles long, were a frequent sight at many border crossings at the onset of the COVID-19 pandemic. Quarantining of containers at sea ports and increased delays for restricted goods, including medicine and personal protective...

DP Word increases container volume by 11.9%

DP Word increases container volume by 11.9%

DP World handled 58.4m teu across its container terminals during in the January-September period, with container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. Michele Labrut | Oct 27, 2021 During the third...

‘Exceptional’ financial year for the Panama Canal

‘Exceptional’ financial year for the Panama Canal

The Panama Canal closed Fiscal Year 2021 (October 2020-September 2021) with historic PC/UMS (Panama Canal/ Universal Measurement System) tonnage transported through the waterway, increasing by 8.7 %, to 516.7m PC/UMS, up from 475.16m PC/UMS in FY 2020.  The...

PIL launching new service for China and Gulf areas

PIL launching new service for China and Gulf areas

Pacific International Lines (PIL) announced the launch of a new weekly direct service connecting Central and South China to the Gulf area in the Middle East. Katherine Si | Oct 26, 2021 Effective from 23 November 2021, this new service - Gulf China...

ZIM buys seven secondhand boxships for $320m

ZIM buys seven secondhand boxships for $320m

ZIM has acquired seven containerships of between 12 and 14 years old for $320m since the start of October. Marcus Hand | Oct 22, 2021 The vessels purchased are five traditional panamax sized 4,250 teu boxships and two 1,100 teu. The prices of secondhand...

Local News

RM273mil down the drain with failed uCustoms system

RM273mil down the drain with failed uCustoms system

PETALING JAYA: After eight years, an ambitious RM397.43 million computerised Customs information system scheduled for completion in 2015 has yet to get going, although RM272.99 million has been paid out to suppliers and project managers. The “uCustoms” system was one...

Maritime News – Warning to Shippers

Maritime News – Warning to Shippers

Warning to shippers: more transhipment likely after IMO 2020: Analysts predict that the impact of IMO 2020 will mean slower ships and more transhipment. This would be a further blow to shippers who also face additional costs to compensate carriers for using...

Abandoned Containers

Abandoned Containers

Abandoned containers – who pays? Forwarders, it could be you: Forwarders are being warned to consider themselves the ‘principal’ when it comes to container transport, amid mounting anger at unexpected storage and quay charges. Director General, Robert Keen said...

Malaysia scraps mega port project off Melaka

Malaysia scraps mega port project off Melaka

Malaysia’s state government has reportedly scrapped a MYR43bn ($10.5bn) port project off the coast of Melaka due to delays in reclamation works. Lee Hong Liang | Nov 23, 2020 In a letter by the Melaka government dated 16 November and seen by Singapore’s The...