Company News

Singapore's manufacturing sector may face supply chain disruption due to new COVID-19 restrictions in Asian region as infection rates continue to rise.SIPMM's (Singapore Institute of Purchasing and Materials Management) analysis showed that The Singapore purchasing managers' ...

The United Kinhdom's heavy goods vehicle (HGV) drivers shortage has escalated dramatically since June, when nearly all chemical distributors, interviewed by the CBA trade group, reported a driver shortage in August.The latest industry trade group survey found that 96% of companies report pro...

The southern Chinese port of Guangzhou and European port of Rotterdam reached a consensus on the renewal of the sister port agreement following the first two-year partnership agreement signed in 2019.The two ports established partnerships in 2019 and have worked on the development of shipping routes...

Hapag-Lloyd has ordered an additional 75,000 TEUs of dry boxes to further reduce the empty container shortage.The containers will be manufactured in China and delivered to Hapag-Lloyd in the fourth quarter of 2021.Summarizing all container investments since the beginning of 2020, Hapag-Lloyd has ord...

The UK government has called on IMO to achieve zero emissions from global shipping by 2050.At the start of London International Shipping Week (LISW), United Kingdom Transport Secretary Grant Shapps announced that the country supports a plan to achieve zero emissions by 2050. The target would need to...

Maersk is taking the next step on future fuel race, it has ordered eight 16,000 teu dual fuel containerships from Hyundai Heavy Industries (HHI), expected to be delivered in the first quarter of 2024. The contract with HHI includes options for four additional vessels to deliver in 2025.Earlier this ...

French shipping company CMA CGM has capped freight rates amid market turmoil, as the decision of the world's third largest container shipping group will affect the entire industry.The world's third largest container carrier said that spot freight rates for customers shipping cargo...

Taiwanese liner operator Evergreen Marine has taken delivery of the 23,992 TEU containership Ever Act built by Samsung Heavy Industries (SHI).Earlier, the Taiwanese shipping line signed an agreement to build and deliver a series of mega large container carriers. Ever Act will be the second vessel af...

Axalta announced that it has broken ground on new coatings facility in Jilin City, Jilin Province, China. The new 46,000-square-meter factory will produce high-performance mobility coatings, designed to meet the growing demand for coating applications for light vehicles, commercial vehicles, and aut...