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    Press Release

    Ever Given – General Average

    As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average. The vessel is now at anchor at the Bitter Lakes (Egypt) area undergoing technical inspections, a possible date of departure to ports of discharge has yet to be set. And while there is no...

    Press Release

    Speedmark Air Transportation Pte. Ltd. granted 2020 Excellence Award

    CONGRATULATIONS to Speedmark Air Transportation Pte. Ltd. for being granted the Excellence Award (Air Freight Forwarder) for the Year 2020 by the Changi Airport Group! This is an inaugural award given to companies who have demonstrated resilience, strength and empathy during the Year of 2020 when the world was hit with the COVID-19 Pandemic. A panel of judges selected companies...

    Press Release

    Global Cargo Bottleneck expected into 2022

    A global cargo bottleneck on the world’s roads, seas and air corridors could easily extend into next year, continuing to increase shipping costs, according to analysts. The global air-freight and ocean markets have undergone tremendous turbulence since late 2019. This has promised to be a windfall for truckers, airlines and maritime shipping lines. Retailers, manufacturers and anyone else who pays...

    Press Release

    Vietnam Container Volume Up 8.5% in 2020, Expansion Underway

    Vietnam container port volumes increased by 8.5% in 2020 to 16.94 million TEU, up from 15.62 million TEU in 2019. Growth was primarily driven by substantial terminals in Lach Huyen, in central Vietnam, and Cai Mep in the South province of Vung Tau, close to Ho Chi Minh City. Volume at Lach Huyen, a public private partnership between the government...