George Lauriat

George Lauriat

ONE brand new company

Ocean Network Express Pte., Ltd, better known as ONE, is a brand new company. Jeremy Nixon, the CEO of the container ship operator, stressed the point in an interview with the American Journal of Transportation (AJOT) at their brand new headquarters in One East Tower in Singapore.

Apr 27, 2018View Full Blog

DCLI acquisition of TRAC Intermodal’s 53-foot domestic chassis fleet key to a larger plan

On January 11, 2018, Direct ChassisLink Inc., better known as DCLI, completed the purchase of TRAC Intermodal’s 53-foot domestic chassis fleet. DCLI’s intention to purchase the TRAC units was made in late October 2017 before last month’s closing. The purchase price for the chassis fleet was not disclosed.

Feb 07, 2018View Full Blog

Port Newark Container Terminal successful close on tax-exempt bond paves way to future terminal development

In late December 2017, Port Newark Container Terminal LLC (PNCT) secured $298 million in tax exempt bond proceeds that will be used to refinance existing debt and to finance the ongoing development of the terminal.

Feb 01, 2018View Full Blog

Handicapping Asia’s risks in 2018

In January, Hong Kong-based SVA (Steve Vickers and Associates) issues its annual Asia Risk Assessment which handicaps the comparative political and economic risks for each nation or territory in the region.

Jan 16, 2018View Full Blog

Civilization Ends at the Waterline: 2016 IMB Piracy Report

“It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always on top.” Hunter S. Thompson, Generation of Swine: Tales of Shame and Degradation in the ‘80s.

Jan 18, 2017View Full Blog

Welcome to the Revolution

On 22nd of December, 2016, Maersk, arguably the world’s largest ocean containership carrier (the argument coming from similar-sized 2M alliance partner MSC [Mediterranean Shipping Company]), began offering Chinese shippers the option of using Alibaba’s (arguably the world’s largest retail commerce company in gross revenue terms) OneTouch system. This move could well be as revolutionary as Malcom McLean’s launch of the containership industry just over sixty years ago.

Jan 13, 2017View Full Blog

Asia Risk Assessment 2017

Steve Vickers, the CEO of the Hong Kong-based consultancy company, has a hard-earned reputation for being one of the keenest observers of political and economic developments in the region.

Jan 11, 2017View Full Blog

Carrier Conundrums: HMM, the 2M Alliance and Korea Line

The 2M Alliance, composed of the two largest containership operators, Maersk and MSC (Mediterranean Shipping Corporation) reportedly announced today it will not admit Hyundai Merchant Marine (HMM) as a full partner in the agreement but will explore other options such as slot exchange or purchase agreement.

Nov 23, 2016View Full Blog

Dangerous Ground – The Lawless Sea

It was announced last week the Permanent Court of Arbitration (PCA) in The Hague ruled in favor of the Philippines in their dispute with the People’s Republic of China over territorial claims in the South China Sea. Shortly after the announcement, Beijing rejected the ruling as illegal while Washington immediately chimed in with a statement that The Hague ruling was both legal and binding.

Jul 15, 2016View Full Blog

From Across the Pond: The Exit - Brexit Over and Exit Strategy begins

Early Friday morning (24-June) the U.S. awoke to the results of Britain’s historic vote to leave the European Union. On the western shores of “The Pond” the controversial referendum was often buried in the electric ether of the U.S. Presidential campaign or more exciting issues like keeping up with another generation of Kardashians. However, with the “shocking decision” (an expression used by at least a dozen U.S. news reporters) “The Exit” is today’s news.

Jun 24, 2016View Full Blog