Global Trade

US Navy Removes USS Fitzgerald Officers

The US Navy has removed the two senior officers and the senior enlisted sailor on the USS Fitzgerald warship that almost sank off the coast of Japan in June after a collision with the ACX Crystal containership

Culprits Named After Hong Kong Pollution Disaster

Chinese media has revealed the vessel operators behind the collision that caused a palm oil spill in the country’s mainland waters as Singapore-based Pacific International Lines (PIL) and Global Marine Service (GMS)

New Qatar Service Connects to Kuwait

Milaha, a Qatar-based maritime and logistics conglomerate, has continued to extend its international reach after launching its first ever direct feeder service between Qatar and Kuwait

Maersk Line Reaches Profit Despite Cyberattack

A.P. Moller – Maersk’s Q2 results have revealed that Maersk Line has made a profit and that the company as a whole is still on track to achieve its end year results despite a cyber-attack severely affecting the container business

HSBC and IBM to Digitize Global Trade

HSBC, the world’s leading trade finance bank, is working with IBM to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient for thousands of businesses

IBM’s Blockchain Advances Through Singaporean Shipping

IBM has made waves with the blockchain transaction data service after signing an Memorandum of Understanding (MoU) with ocean shipping carrier Pacific International Lines (PIL) and port group PSA International (PSA) — two key players linking Singapore to global trade

Port of Hamburg’s HHLA Makes Promising Growth

Hamburger Hafen und Logistik AG (HHLA), an operator of three container terminals at the Port of Hamburg, recorded significant year-on-year growth in its key performance indicators in the first half of 2017

Containership Freed From River Scheldt Banks

Traffic to and from Antwerp, Europe’s second-biggest port, has resumed after the 366-metre CSCL Jupiter containership was freed from the banks of the river Scheldt which connects the port to the North Sea

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