Shipping

Pacific International Lines' debt restructuring plan effective on March 30

BOXSHIP operator Pacific International Lines (PIL) on Wednesday announced that its debt restructuring plan had occurred on March 30, 2021.

Suez Canal closure expected to raise producer prices, worsen container shortage

AFTER being blocked for the past six days by a massive container ship in the Suez Canal, a key global shipping route looks set to reopen soon, as the Ever Given was refloated on Monday.

Lockdown shopping surge in US and Europe causes Asia-Pacific shipping container shortage

LOCKDOWNS in north America and western Europe have spurred a spending spree on Asian goods, resulting in supply chain bottlenecks and shipping container shortages in the Asia-Pacific, a report by...

Pacific International Lines' debt restructuring plan receives court sanction

EMBATTLED boxship operator Pacific International Lines (PIL) said on Wednesday that the High Court has sanctioned its debt restructuring plan.

Covid raises operating costs as seafarers continue to suffer

YOU don't need to be a statistician or be in charge of a ship manager's payments department to suspect that the cost of operating ships has gone up over the last 12 months. In fact the situation...

Latest rules on electronic transactions designed to help businesses save costs

THE Electronic Transactions (Amendment) Bill, which was passed in Parliament yesterday will help businesses significantly reduce costs but it is ultimately up to businesses to choose if they adopt...

No hongbao for red packet makers this year

HONGBAO printers in Singapore are feeling the press-ure in the run-up to this year's festive season as they grappled with disruptions caused by the Covid-19 pandemic that has subdued Chinese New...

Port of Singapore container throughput dips 0.9% in 2020

SHIPPING containers with a volume of 36.9 million twenty-foot equivalent units (TEUs) passed through the Port of Singapore in 2020, down by 0.9 per cent from the figure for the year before.

Gulf Oil to buy OK Lim's Ocean Tankers assets in Singapore

GULF Oil International, part of the India-based Hinduja conglomerate, has inked an agreement to acquire a lubricant blending plant with wharf access, a storage tank farm and a terminal facility...

Rainmaking launches network of executives to help maritime startups

CORPORATE innovation firm Rainmaking, under its transport-focused arm, has launched a maritime innovation advisory network for South-east Asia, roping in more than 30 industry leaders.

Singapore maritime sector to offer 1,000 traineeships, attachments

SINGAPORE citizens and permanent residents will be able to access 1,000 traineeships, company attachments and training opportunities in the maritime sector in the coming months.