HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our immediate parent company and part of
Mr Piyush Goyal, Minister for Railways and Commerce & Industry, this week again reviewed the progress of various sections under completion of the Dedicated Freight Corridors (DFC), both the East and West sections. Railway
Sri Lanka’s Minister of Ports and Shipping was given the go ahead to call investors to build a warehouse in the capital Colombo on a build operate transfer (BOT) basis, the state information office
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more than USD 3 billion (approximately EUR 2.7 billion). Earnings before
NEW DELHI: India’s economy is expected to bounce back strongly in the next fiscal year with 11.5% growth, the International Monetary Fund (IMF) said recently, forecasting a sharp global recovery in 2021 after the
NAVI MUMBAI: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port celebrated India’s 72nd Republic Day with fervor and passion, following all the preventive measures amended by the Ministry of Home Affairs and the
NEW DELHI: Mr. Prem Kishan Dass Gupta, C&MD – Gateway Distriparks Ltd., in his budget expectation has opined that, “The year 2020 has disrupted and challenged the logistics sector in different ways. However, the logistics sector
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative
MUMBAI: The pandemic and the lockdown that lasted for major part of 2020, proved to be testing times for various businesses including the logistics and supply chain sector of India which had a remarkable
Wan Hai Lines Ltd has purchased 50,000 twenty-foot equivalent unit containers from China International Marine Containers Ltd (CIMC, at a cost of US$141.73 million amid a global container shortage, the company said in a