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Ocean Network Express Enhances Asia Australia Services

Chennai: Port Wings News Network: Ocean Network Express (ONE) will be launching enhanced services covering Asia and Australia. From October 2019, ONE’s South East Asia – Australia service will be expanded to a 2-loop service, SEA Australia Loop 1 (AU1) and SEA Australia Loop 2 (AU2). Both AU1 and AU2 …

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Hapag-Lloyd Delivers Significantly Higher Half-Year Result

Chennai: Port Wings News Network: Hapag-Lloyd has concluded the first half of the year 2019 with a significantly higher operating result than in the same period of the previous year. Earnings before interest and taxes (EBIT) increased to EUR 389 million (H1 2018: EUR 91 million). The Group net result …

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New Appointments to Baltic Index Council

Chennai: Port Wings News Network: The Baltic Exchange on 5 August 2019 announced two new appointments to the Baltic Index Council (BIC), the governing body which provides effective scrutiny of the Baltic on all aspects of its benchmark determination process in accordance with the IOSCO Principles of Financial Benchmarks. Baltic …

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AAL’s Adoption Of The IMO Low Sulphur Regulation 2020

Chennai: Port Wings News Network: With widespread discussion and reporting about the IMO 2020 ‘Sulphur Cap’ regulation, coming into effect January 1st 2020, we would like to clarify our position and how we plan to move forward over the coming weeks and months to fully prepare ourselves and our customers …

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Indian Register of Shipping Receives RO Authorization From Cyprus

Mumbai: Port Wings News Network: Leading classification society, the Indian Register of Shipping (IRClass), has signed a “Recognised Organisation” agreement with the Republic of Cyprus at an impressive ceremony held at the Crown Plaza hotel in Limassol on 23 July 2019. The Deputy Minister for Shipping, Natasa Pilides, delivered the …

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