Insurers eye containership claims with dismay
The frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since 2016. These cover claims between $10m
Port of Salalah launches new end-to-end logistics service to Yemen through the Al-Mazyunah free zone
The Port of Salalah in Oman is a major Arab Gulf regional gateway port and transshipment hub on the Arabian Sea. In partnership with Maersk, it has launched a new multimodal transport solution to
October merchandise exports in India surge 42.33 % to USD 35.47 billion
NEW DELHI : India’s merchandise exports in October surged 42.33 per cent to USD 35.47 billion on the back of good performance by the engineering and petroleum sectors, as per provisional data released by
Second quarter profit soars 71% to Rs 243 crore : SCI
MUMBAI : Shipping Corporation of India Ltd (SCI) on Monday reported a 71.26 per cent jump in its consolidated net profit to Rs 243 crore for the second quarter ended on September 30, 2021. The
Mahindra Logistics H1 net profit at ₹18 crore on higher revenue
MUMBAI : Mahindra Logistics reported a net profit of Rs 18 crore for the first half ended September 30, 2021, compared to a loss of Rs 2 crore in the corresponding period last year
APM Terminals Pipavav receives the first full reefer rake from ICD Viramgam
PIPAVAV : APM Terminals Pipavav is excited to have received the first full reefer rake at the port. Operated by Gateway Rail Freight Ltd., the reefer train was flagged off from ICD Viramgam. The
Oceania World launches Multimodal Logistic Park with State-of-the-Art facility at Mundra
l MUNDRA : Oceania World, ventures into a new league with the launch of their state-of-the-art multimodal logistics park facility in Mundra through its port logistics & warehousing sibling – Admark Warehousing and Port
Indian Register of Shipping (IRClass) makes organisational changes to aid growth strategy
NEW DELHI : Indian Register of Shipping (IRClass) has announced changes to key organisational roles as the international ship classification society plans for considerable future growth. With the pandemic slowly receding and businesses gradually