Nov 28, 2017
— The two nations have agreed upon mutually-beneficial maritime developments in safety, navigation, port costs and registration, according to a report from industry news outlet Seatrade Maritime.
Nov 15, 2017
— The port of Quy Nhon, in Vietnam, is congested at the time, because of a storm that occurred in the area, resulting in multiple vessels to sink, thus blocking ship traffic, sources report. The storm hit the port on November 4, making the port authority to issue a temporary block of the channel and reduce ship traffic to vessels with draft up to 5.5m.
Oct 31, 2017
— Chinese shipping giant Cosco Shipping Holdings today reported a 35% year-on-year increase in revenue for the third quarter as sit swung back into the black. It also announced plans to raise almost $2bn through a share placement.
Oct 27, 2017
— Busy ports linking China and the rest of the world are now targets of a Chinese government consolidation campaign that previously spurred high-profile mergers among state-owned shipping and logistics companies. By consolidating port operations according to administrative regions such as provinces, Beijing hopes to reduce competition and promote economies of scale, according to Caixin. Officials also expect consolidated ports to be managed more efficiently.
Oct 16, 2017
— The operations, part of a tri-nation effort to curb movements of militants linked to the Islamic State in Iraq and Syria (ISIS) in the southern Philippines, mark the first joint air patrol over the dangerous waters. "Affiliated terrorist organisations and sympathisers have exploited the porous borders and linked up with local terrorist groups, evident following the Marawi City siege," said Malaysia's Defence Minister Hishammuddin Hussein.
Sep 27, 2017
— China-based e-commerce giant Alibaba Group has taken control of struggling logistics network Cainiao with an investment of 5.3 billion yuan (US$807 million) in a move to dramatically increase its international reach. The investment, once completed, will increase Alibaba’s stake in the logistics network from 47 percent to 51 percent and brings the estimated valuation of Cainiao to about $20 billion, according to Reuters.
Sep 20, 2017
— The ban on direct cargo flights between Bangladesh’s Dhaka’s Hazrat Shahjalal Airport and the UK could be lifted, according to local media, in what would be a boost to garment exporters. The airport has been under much security scrutiny, and had employed a UK company to advise on improvements. Currently, cargo must be screened in a third country before arriving in the UK. Similar bans are in place for cargo going to Australia and Germany.
Sep 19, 2017
— Until a few months ago, Port Klang was a hive of activities, with containers usually stacked six stories high. These days, it’s a lot quieter. Major shipping firms have moved their hubs to Singapore, according to recent reports. “A few years ago, we could still compete with Singapore,” said an industry player who owns a logistics company. “We managed to draw big carriers to Port Klang. I don’t think we can catch up with Singapore now.”
Sep 14, 2017
— Given the recent escalation of tensions in the littoral Asia-Pacific, especially in the South China Sea, most countries seek to establish ‘good order’ in the regional seas via multi-lateral action such as the formalisation of ‘code of conducts.’ However, according to Abhijit Singh, Head of Maritime Policy Initiative, India’s Observer Research Foundation, the definition of ‘good order’ has been subject to different interpretations by different countries.