ACN Newswire
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CITIC Telecom CPC launches SmartCLOUD(TM) Container Service to Empower Businesses for Application Development, Simplifies and Streamlines Containerized Application Workflow to Boost Operational Efficiency

indie
5 minutes

HONG KONG, May 16, 2022 - (ACN Newswire via SEAPRWire.com) - CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to introduce SmartCLOUD(TM) Container Service to simplify application workflow, streamlining operations and offering profound competitive advantages, to support new business initiatives in an unrelenting, face-paced, highly competitive environment. As a Platform-as-a-Service (PaaS), SmartCLOUD(TM) Container Service is a fully managed cloud-based container platform, for boosting operational efficiency and productivity. By adding the new PaaS service under the SmartCLOUD(TM) service portfolio, CITIC Telecom CPC is now offering a complete solution series from IaaS, PaaS to SaaS, all in managed mode for easing and saving enterprises' manpower and time on managing their cloud infrastructures and applications. SmartCLOUD(TM) Container ServiceFast and Furious Deployment with Cloud Native Container In today's digitally focused world, enterprises are facing challenge of managing numerous cloud and legacy applications, as their IT staff continuously develop and refine appl...

SeaPRwire
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JWD to acquire 20% stake in ESCO, sealing partnership with PSA

pandora
4 minutes

- Becoming a major international shipping port operator, extending Multimodal Transportation- Partnering with fellow ESCO shareholder PSA Singapore, world's largest terminal operator BANGKOK, July 27, 2021 - (ACN Newswire) - JWD InfoLogistics PLC (JWD), specialized in ASEAN logistics and supply chain solutions, announces a major investment, when on July 23 it agreed to acquire a 20% stake in ESCO, a Thai shipping container port operator and supply chain operator, with PSA Singapore, the world's largest port operator by equity-weighted throughput, as ESCO shareholder. With the acquisition, JWD will become a major international container terminal operator at Laem Chabang Deep-Sea Port and inland container depot (ICD) service provider at Ladkrabang, increasing its capability for multimodal transportation services, by land, sea and rail. JWD InfoLogistics (SET: JWD), ASEAN top specialist in supply chain solutions, will acquire up to 20% of ESCO, the operator of international container terminals at 3 locations within Thailand's Laem Chabang deep-sea port. Mr Charvanin Bunditkitsada, Executive Committee Chairman and CEO of JWD, said "This investment is in line with our 5-year strategic p...

SeaPRwire

How shipping woes can hit your Christmas shopping

elean
5 minutes

(BLOOMBERG) - If it seems like shipping delays and soaring delivery costs aren't getting any better, it's because they're both getting worse. Throughout the Covid-19 pandemic, blame for global supply-chain disruptions has bounced from virus outbreaks to container shortages, from spendthrift Americans gorging on household appliances and tools to a massive ship beaching itself across the Suez Canal in March. Those are still causing problems, but now a new hiccup threatens to prolong the pain, maybe even long enough to upset Christmas shopping: The key export hub of Yantian in the heart of China's factory belt was partially shut down in June to control virus cases, shrinking what little spare capacity existed in an industry that moves more than US$4 trillion (S$5.4 trillion) worth of goods across the global economy each year. "The latest one is the worst in terms of the supply-constraint hits," says McKinsey partner Steve Saxon in Shenzhen, China. He reckons it could be a month before Yantian is fully operational again, with the fallout rippling to other ports. That means container shipping rates could stay high and delivery times could get stretched out even more heading into the pea...

ACN Newswire
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Haulio deepens its roots in Thailand

indie
3 minutes

SINGAPORE & THAILAND, Jun 8, 2021 - (ACN Newswire via SEAPRWire.com) - Singapore logistics technology company Haulio announced today that it has made significant headway into Thailand by tying up with CMA CGM (www.cma-cgm.com), a world leader in shipping and logistics. Haulio, using its digital haulage solutions, will move CMA CGM containers on the major inland corridor of Bangkok, Lat Krabang and Laem Chabang.Headquartered in Singapore since 2017, Haulio is Singapore's fastest growing container haulage platform in the country, with more than 90% of Singapore's hauliers onboard. The company has aspirations to complete the digitalisation of haulage in Southeast Asia by 2025. With some of Southeast Asia's busiest ports, Thailand has always been a pivotal market for Haulio. The country reported a total import-export CAGR of 2.2% between 2016 and 2018, with a forecasted CAGR of 2.8% from 2021 to 2025, according to IHS Markit's GTA Forecasting. Since commencing its early-stage pilot in 2020, Haulio has onboarded over 150 trucking companies with a network of more than 3000 container trucks in Thailand and transacted over 300 thousand TEUs on the platform with one of PSA's JV local pa...

SeaPRwire

Shipping containers toppling overboard at alarming rate with pressure to speed up deliveries

elean
7 minutes

SINGAPORE (BLOOMBERG) - Containers piled high on giant vessels carrying everything from car tyres to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean as pressure to speed up deliveries raises the risk of safety errors. The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting supply chains for hundreds of US retailers and manufacturers such as Amazon and Tesla. There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. But greatly exacerbating the situation is a surge in e-commerce after consumer demand exploded during the pandemic, increasing the urgency for shipping lines to deliver products as quickly as possible. "The increased movement of containers means that these very large containerships are much closer to full capacity than in the past," said Clive Reed, founder of Reed Marine Maritime Casualty Manag...

SeaPRwire
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Global supply lines struggle to clear container backlog after Suez chaos

elean
5 minutes

LONDON (REUTERS) - A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container ships were stuck when the 400-metre-long Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel. The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs, which were not covered by insurance. "The blockage of the Suez Canal will increase the negative impact on global supply chains in the coming weeks, as the availability of empty equipment, particularly in Asia and Europe, will be affected," Reiner Heiken, chief executive of US headquartered Hellmann Worldwide Logistics, told Reuters. Container shipping companies, carrying products ranging from mobile phones to designer goods, have been contending for months with disruptions caused by the coronavirus pandemic and a surge in demand for retail goods that led to wider logistical bottlenecks including in top consumer market the United States. Wh...

SeaPRwire

Suez Canal container ship incident a reminder of global trade’s vulnerabilities

elean
1 minute

SINGAPORE - Just when global sea shipments seem to be starting to flow again, an event at the key Suez Canal literally and figuratively threatens to put a choke-hold on global trade flows. Fortunately, work is under way to free the 220,000-tonne Ever Given container ship, which became stuck on both sides of the canal after heavy winds forced it to drift sideways, effectively blocking the 205m-wide waterway. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire
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Bottlenecks take toll on container shipping trade

elean
0 min

LONDON • Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest profits in at least a decade are struggling to operate reliably as bottlenecks worsen around ports from southern England to Shanghai, contorting supply chains for everything from car parts to cosmetics to medical equipment. Just 50.1 per cent of container vessels arrived on time last month, down from 80 per cent a year earlier, and the lowest level in records dating back to 2011, according to a service reliability index compiled by Copenhagen-based Sea-Intelligence, an analysis and data provider. Delays can add costs, induce operational headaches and restrain revenue for the shippers of cargo - companies like Costco Wholesale. The Issaquah, Washington-based chain of 803 warehouse-size stores on four continents expects the situation involving container shortages and late deliveries to persist for a few more months. "There are instances of 50 per cent or 100 per cent or even more sale increases of an item, and if we could procure more, we'd have even higher sales," Mr Richard Galanti, Costco's chief financial ...