Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Company reported a net profit of $30.8 million for the first half of 2023, a significant improvement from last year's losses. The company noted that the recovery of the bulk carrier market and high operational load factors contributed to the positive performance. Looking ahead, the company remains optimistic about the recovery of the shipping market and plans to continue exploring investment opportunities in second-hand vessels. Additionally, in response to the 2020 low-sulfur regulations, the company is assessing compliance strategies.

08/01/2023 Logistics Industry Insights
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Bonded Zones Fuel Global Cross-Border E-Commerce Growth

Bonded Zones Fuel Global Cross-Border E-Commerce Growth

This article explores the multiple advantages of cross-border e-commerce companies operating in bonded zones, including 'inland but outside customs' policies, exhibition functionalities, convenient logistics systems, and customs policies. By analyzing these benefits, it emphasizes the significance of bonded zones for cross-border e-commerce enterprises and highlights the necessity of selecting the appropriate bonded zone. With favorable policies in place, the future potential for cross-border e-commerce in bonded zones is immense.

07/29/2025 Logistics Industry Insights
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Retrofit Cuts Corsica Linea Ferry Fuel Use by 22

Retrofit Cuts Corsica Linea Ferry Fuel Use by 22

The Faroese Shipping Company partnered with Wärtsilä to implement a retrofit solution on the 'Paskal Pol' which achieved up to 22% fuel savings, advancing the decarbonization process in the shipping industry and helping the company comply with strict carbon regulations. This solution not only saves approximately $7,700 per voyage but also lays the groundwork for a 40% reduction in CO2 emissions by 2030.

08/07/2025 Logistics
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China's Electric Logistics Vehicles Gain Traction Amid Policy Support

China's Electric Logistics Vehicles Gain Traction Amid Policy Support

This article analyzes the advantages and disadvantages of electric logistics vehicles compared to traditional fuel vehicles, addressing aspects such as vehicle structure, charging convenience, and maintenance costs. It also discusses policy support and practical market applications. Electric logistics vehicles, with their ease of operation and low maintenance costs, are ideal for last-mile delivery in urban areas. Despite facing challenges like center of gravity issues and insufficient charging infrastructure, their market prospects remain promising with rising environmental awareness and technological advancements.

07/28/2025 Logistics
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CMA CGM Successfully Completes First LNG Fueling for Eco-friendly Shipping

CMA CGM Successfully Completes First LNG Fueling for Eco-friendly Shipping

CMA CGM successfully completed the first fuel bunkering for its first LNG-powered vessel, Containerships Nord, at the Port of Rotterdam. This marks an important step for the group in the field of green shipping. By using liquefied natural gas as fuel, it is expected to significantly reduce greenhouse gas emissions and promote eco-friendly transport. In the future, the group will receive more LNG-powered vessels.

07/22/2025 Logistics
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Somali Shilling Hits Record Low Against USD

Somali Shilling Hits Record Low Against USD

According to the latest data, 1 Somali Shilling is equivalent to 0.0000175 USD, and the exchange rate of the US dollar to the Somali Shilling is 571.144. The fluctuations in exchange rates indicate market stability, which has a significant impact on international trade.

08/25/2025 Exchange Rate Query
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