Hong Kong’s strict zero-Covid policy has triggered a 21-day quarantine for 130 Cathay Pacific Cargo pilots, prompting the carrier to consider relocating staff overseas, temporarily.
Hong Kong’s chief executive, Carrie Lam, said yesterday the cargo pilots had to be quarantined …

Cosco Shipping Holdings today reported net profit for the first nine months of the year had shot up by a massive 1,651%, to $10.45bn, on the back of surging container volumes and freight rates.
During the period, the group, including …

Containership non-operating owners (NOOs) have locked-in ocean carriers for long-period charters at vastly inflated daily hire rates, with the longest reported contract extending to 2039.
Shipping lines are taking on millions of dollars in forward charter commitments on vessels well …

After two decades, the Inchgreen dry dock at Greenock, Scotland, is to be restored to use, after two decades, as a vessel decommissioning facility, following a deal between owner Peel Ports and Atlas Decommissioning.
Atlas already has “two blue chip …

PRESS RELEASE 
17-Nov-2021
Generated Highest Ever Quarterly Net Income of $1.46 Billion and Adjusted EBITDA[1] of $2.08 Billion

Transitioned to Quarterly Dividend Payout, Declared Q3 2021 Dividend of $2.50 per Share, Representing Approx. 20% of Quarterly Net Income; 30-50% of …

What did your last slave die of, you wonder?
No, but conceptually we aren’t far away from that.
Many Happy Returns 
As the adage goes, the road to hell is paved with good intentions.
So, while many consumers are ringing …

PRESS RELEASE 
Tue 16/11/2021 – 09:30 
GEODIS plans to double its Contract Logistics Footprint in the UK
With a total of 110,000 sqm new warehousing space opened in October across two new sites in the UK, leading global transport and …