Global port congestion skyrockets double sailings
SINGAPORE : Maritime data provider and analyst, Sea Intelligence has seen a sharp increase in double sailings during the last weeks in its latest report. Double sailing is the situation when two or more
Ever Given owners, Suez Canal Authority hammer out compensation deal
EGYPT : Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an agreement in principle with the canal
Mercantile Ports & Logistics secures long-term contract in India
GUERNSEY : Mercantile Ports & Logistics Ltd. said that it has secured a new multi-year port contract in India with revenue of around seven million pounds ($9.8 million) over the next three-year period. The
Keppel and Sembcorp in talks to combine offshore and marine businesses
Singapore’s Keppel Corporation and Sembcorp Marine are reportedly set to commence discussions on a possible merger of their offshore and marine businesses. Both companies have issued trading halts on the local stock exchange as
Kuehne+Nagel reduces carbon footprint by 70% for Honda Automotive in China
Inbound-to-manufacturing transportation shifting from road to rail CO2 reduced by approximately 16,000 tonnes on East China – Wuhan routes A further step towards Kuehne+Nagel’s 2030 Net Zero Carbon targets SCHINDELLEGI : Kuehne+Nagel announces the road-to-rail programme
Nargol Port to be developed as a Greenfield Port with an extended BOOT period of 50 years
GANDHINAGAR : Shri Vijay Rupani, Chief Minister Gujarat has approved development of a greenfield port at Nargol located in South Gujarat through Public Private Partnership (PPP) with an extended BOOT period of 50 years.
Yantian to return to full operations , box backlog expected to take many weeks to clear
SHENZHEN : Yantian Port is set to resume normal operations after a month-long cut in productivity brought about by a Covid-19 outbreak. Shippers have been warned it will take many weeks to clear up
Exporters having tripartite agreements with multinationals under GST scanner
NEW DELHI : The tax department has held back the export benefits of many companies that have three-way contracts, or tripartite agreements, with multinationals, the Economic Times mentioned in a report citing people dealing with such