Container ship suffers suspected missile attack in Indian Ocean
An Iran-affiliated outlet has reported an attack on the boxship CSAV Tyndall, a vessel previously owned by Israeli shipowner Eyal Ofer. According to Israeli media, the vessel was struck by an unknown weapon while under way
Capital Maritime & Trading Plans Athens Bond Issue
Vaggelis Marinakis’ Capital group has a mixed fleet of over 80 ships, including tankers, container ships and dry cargo. At the same time, the company is pushing ahead with a large investment program exceeding
New Shipping and Ports Minister Sarbananda Sonowal faces record freights, scarce containers
NEW DELHI : Shri Sarbananda Sonowal takes charge as Shipping Minister and held a preliminary meeting with senior officials of the Ministry of Ports, Shipping & Waterways (MoPSW) in New Delhi on Thursday and
CBIC streamlines faceless assessment for faster customs clearance
NEW DELHI : The CBIC has streamlined certain processes in Customs under which a officer would have to communicate his ‘first decision’ on the import document filed by an importer within three working hours.
Dubai-owned DP World to acquire South Africa’s Imperial Logistics in $890m offer
Dubai: The Dubai Government owned DP World is adding more to its Africa interests, having made an open offer to acquire all outstanding shares in the South African company Imperial Logistics. Deal would land
Cochin Port Trust to capitalise its property
COCHIN : Opening up many investment opportunities after the second wave of Covid, the Cochin Port has floated e-tenders for its plots in Kochi, including Willingdon, Puthuvypeen, and Vallarpadam, to be leased for 30
Hapag-Lloyd acquires Africa carrier NileDutch
HAMBURG : Deal approved by worldwide antitrust authorities and completed between the parties // Acquisition supports Hapag-Lloyd’s strategy to grow in Africa Hapag-Lloyd successfully closed the acquisition of the Dutch container shipping company Nile
Maersk bans Iranian-owned containers from its vessels
COPENHAGEN : Maersk has announced it will not accept any Iranian-owned containers on its vessels from now on, applying potential fines and penalties in such cases. “Potential fines and penalties apply to all parties,