Outsourcing of KPT terminals’ operations: UAE’s AD Ports makes upfront fee...
AD Ports Group presented Federal Minister Maritime Affairs with a cheque marking the upfront fees payment amounting to $50 million payable to KPT as per the terms outlined in the ‘agreement for...
View ArticleHMPL acquires 100% equity shares of Square Port Shipyard
Infrastructure company Hazoor Multi Projects Ltd (HMPL) on Tuesday said that it has acquired 100 per cent equity shares of Square Port Shipyard Private Limited for Rs 3.91 crore. “The Company has...
View ArticleDGS issue advisory to ensure safety of Indian seafarers operating near Iran,...
Concerned over the maritime security in the Iran and Israel region, the Director General of Shipping has issued an urgent advisory for Indian recruiting agencies or companies and Indian seafarers. The...
View ArticleLack of accessible training programmes hits movement of dangerous goods
Clearance of dangerous goods, and even air lifting of non-dangerous goods, is in trouble due to issues related to Competency-Based Training and Assessment (CBTA) model effective April 1, 2024. There...
View ArticleIndia’s Mahindra Logistics Q4 loss widens on subdued volume growth
India’s Mahindra Logistics reported a fifth straight quarterly loss on Monday, hurt by subdued volume growth at its mainstay business of supply chain management. Consolidated net loss for the logistics...
View ArticleAlang ship recycling falls to 16-year low; only 125 ships scrapped in FY24
Ship recycling or shipbreaking in Alang fell to a new low, with 125 ships dismantled in FY24 compared with 131 ships in the previous year, data from the Ministry of Ports, Shipping and Waterways and...
View ArticleHimalaya Shipping receives 10th dual-fuel bulker
Himalaya Shipping Ltd has successfully taken delivery of the 10th of the twelve 210 000 dwt newcastlemax dual-fuel newbuildings the company has on order from New Times Shipyard. The remaining two...
View ArticleHapag-Lloyd wins landmark tender for zero-emission maritime shipping
The Zero Emission Maritime Buyers Alliance (ZEMBA) announced the successful completion of its first ever tender for sustainable ocean shipping, marking a significant step towards reducing greenhouse...
View ArticleShell takes lead in use of LNG, electric vessels as it navigates to...
The carbon reduction goal is set, and the mandate is simple: By 2050, the overall amount of greenhouse gasses (GHG) released into the atmosphere by shipping should be equal, or close to, the amount...
View ArticleWorld’s first river-sea electric container ship sets sail
Lvshui 01, the world’s first river-sea electric container ship, arrived at Shengdong Wharf of Yangshan Port in east China’s Zhejiang Province on Monday, setting new records for the world’s first and...
View ArticleDHL Freight deploys eActros trucks from Mercedes-Benz
DHL Freight is using eActros 300 electric trucks (etrucks) at two sites in Germany. One is being used for parts transport from the logistics provider’s Hagen site to the Mercedes-Benz Trucks axle...
View ArticleLiners add capacity to Asia-ECSA as ocean rates hit 18-month high
With Asia-South America ocean freight rates at an 18-month high of around $4,350 per 40ft, mainline operators have been adding ships and calls to their services. HMM said that from 26 May, it would add...
View ArticleDecoding India’s success in Sittwe Port and the militarization of Andaman and...
The strategic location of Myanmar has resurfaced in the geopolitical discourse with the Sino-India rivalry manifesting itself in the Bay of Bengal. As far as India is concerned, Myanmar constitutes a...
View ArticleIndian Railways targets raking in Rs 5,400 crore from scrap sale
The Indian Railways is aiming to earn Rs 5,400 crore from scrap sale in fiscal 2024-25. This is 3.8% higher than the Rs 5,200 crore scrap sale target set for fiscal 2023-24. “Action Plan may be...
View ArticleMSME exporters are worst hit due to increased freight charges and doubled...
The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector. Increased freight...
View ArticleCargolux records $286 million profit despite challenging conditions
Luxembourg-based all-cargo airline Cargolux reported revenue of $2.975 billion and net profit of $286 million for 2023 despite challenging market conditions. With more than 85 offices in over 50...
View Article370 tons of imported potatoes wait for unloading at Benapole
Around 370 tons of potatoes, which are waiting to be unloaded four days after being imported from India have started to rot, due to severe heat sweeping across the country. According to the port...
View ArticleMandatory testing for Indian spices destined for Singapore, Hong Kong after ban
In a significant development impacting the Indian spice industry, certain products from renowned Indian brands MDH and Everest have been banned in Singapore and Hong Kong due to quality concerns. The...
View ArticleGeorgia Ports investing $4.5 billion to prepare for decade of significant growth
The Georgia Ports Authority hosted their 55th annual 2024 Georgia International Trade Conference. The event brings customers, business partners and industry leaders together to discuss the latest...
View ArticleYemen’s Houthis say they targeted American and Israeli ships
Houthi militants in Yemen have attacked what they said were two American ships and an Israeli vessel, the group’s military spokesman said on Wednesday, the first such attack in more than two weeks. The...
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