Working on alternative logistic corridors linking India with the Pacific and...
Union Minister of External Affairs (MEA) S Jaishankar while addressing businessmen and traders at Ahmedabad on Tuesday, said “India was working on alternative logistic corridors that will link the...
View ArticleIndian crew to remain aboard ship during Baltimore bridge collapse probe
The crew of 20 Indians and a Sri Lankan aboard the container vessel Dali, involved in the Baltimore bridge collapse, will continue their normal duties on the ship until the investigation concludes. The...
View ArticleSea Cargo Charter opens up for shipowners
Four years after its inception, The Sea Cargo Charter initiative to measure shipping emissions against decarbonisation benchmarks is expanding its current membership scope to include shipowners. A...
View ArticleAdani Gangavaram port achieves new record in handling rakes and cargo
Adani Gangavaram Port Limited (AGPL) on Tuesday said it has set a new record of handling 7,473 rakes in FY24 and also achieved a 20 percent year-on-year growth. It achieved its highest ever annual...
View ArticleSilke Lehmkoster to become Managing Director Fleet at Hapag-Lloyd
Effective 1 April 2024, Silke Lehmköster has taken over the role of Managing Director Fleet at Hapag-Lloyd, with responsibility for Fleet Management, Fleet Innovation & Technology and Chartering as...
View ArticleShipping line fortunes may be looking up after a dire fourth quarter
The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, with the cumulative loss among carriers amounting to $700m, according to new analysis from John...
View ArticleSanjay Nayar takes over as Assocham President
Former KKR India Chief Executive Sanjay Nayar, a well-known name in the global financial markets, has assumed charge as President of industry chamber Assocham. He has replaced Ajay Singh, Co-Founder of...
View ArticleRed Sea attacks impact shipping dynamics – Bimco
BALTIC and International Maritime Council’s (Bimco) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship supply is set...
View ArticleWallenius Wilhelmsen secures sustainable capacity with PCTC orders
Wallenius Wilhelmsen has ordered four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels from Jinling Shipyard in China, bringing its total order to eight. The first of...
View ArticleChina’s logistics sector experiences surge in Q1 2024
China’s logistics industry has witnessed a notable upswing in the first quarter (Q1) of the year, powered by a surge in industrial production that has significantly increased transport requirements,...
View ArticleIndian economy to grow at 7.5% in 2024: World Bank
The Indian economy is projected to grow at 7.5 percent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 percent. The World Bank forecasts India’s output...
View ArticleIndirect tax collection for FY24 exceeds RE by handsome margin: CBIC chief
The indirect tax collection for FY24 has exceeded the revised estimates (RE) of Rs 14.84 lakh crore by “a handsome margin”, helped by a record GST mop-up, a top government official said. Lauding the...
View ArticleMajor US ports are pushing capacity limits, shipping veteran says
The biggest US ports are stretching capacity limits and need to expand to handle anticipated growth in inbound shipping, according to shipping industry veteran John McCown. Even before the Baltimore...
View ArticleTS Lines boosts capacity on China-India services with larger newbuilds
Taiwanese regional carrier TS Lines has deployed its largest containerships on its China-India service, again illustrating India’s growing market. The 7,000 teu scrubber-fitted TS Keelung and TS...
View ArticleHAM model being mulled to develop Vadhavan Port
The mega port planned at Vadhavan in Maharashtra’s Palghar district is facing a last minute ‘structuring’ challenge with the Prime Minister’s Office (PMO) floating an idea to adopt the Hybrid Annuity...
View ArticleIndia’s ambitious plan for alternative logistic corridors to Suez Canal routes
In a recent address to businessmen and traders in Ahmedabad, Union Minister of External Affairs (MEA) S Jaishankar unveiled India’s ambitious plans to establish alternative logistic corridors that...
View ArticleExim authority moots anti-dumping duty on polymer imports from China, Thailand
The Directorate General of Trade Remedies (DGTR) in the Commerce and Industry Ministry has recommended definitive anti-dumping duty on import of flexible slabstock polyol, a polymer, from China and...
View ArticleKamarajar port to become ‘Cape’ compliant
The Kamarajar port at Ennore in North Chennai will become Cape compliant – to handle large Capesize ships – by investing ₹325 crore in the dredging project this fiscal. For this, the Kamarajar Port Ltd...
View ArticleBoth Chennai and Kamarajar ports cross ₹1,000 crore operating income in a...
For the first time, both Chennai Port Authority (CPA) and its subsidiary, Kamarajar Port Ltd (KPL) in Ennore, North Chennai, crossed ₹1,000 crore (each) in operating income in a financial year in...
View ArticleCMA CGM joins Renault and Volvo in Flexis electric truck JV
CMA CGM has joined the Flexis electric light van manufacturing joint-venture, formed between carmakers Renault and Volvo last month. The French container shipping line announced this morning it had...
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