Covid detected in two vessels in Chittagong in a week – Fears of the virus spread
CHITTAGONG : The risk of spread of coronavirus among the crew and staff of Chittagong port is rising as the presence of the deadly virus was detected in the body of crews of two
New, sustainable direct link from Malungsfors to the world via APM Terminals Gothenburg
GOTHENBURG : On 13 August, the first, entirely new rail shuttle rolled out from APM Terminals in Gothenburg for onward travel to Malungsfors, adding another direct link from Central Sweden to the world. The
MSC confirms new prices in Europe
GENEVA : Mediterranean Shipping Company (MSC) has announced fresh charges from ports in Asia and South Africa to European destinations, which will take effect in the next month. Effective from 1 September until further notice
CMA CGM to push up rates in Europe, Med and North Africa
MERSEILLES : The French shipping line CMA CGM has announced the introduction of new rate increases for sailings in Europe, North Africa and the Mediterranean, which will take effect in September. Firstly, the Marseille-based
Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period in 2020. With an EBIT of
Long Beach completes electric box terminal project
The Port of Long Beach (POLB) has announced the completion of the Long Beach Container Terminal (LBCT) at Middle Harbor, equipped with nearly all-electric and zero-emissions equipment. LBCT at Middle Harborone constitutes “one of
Access to preferential trade finance will require real-time ESG compliance monitoring
The maritime sector’s 3% contribution to global greenhouse emissions is always in the spotlight whenever a series of extreme weather events leads to calls for action on climate change. As it stands, not only
Shipping Industry in India: Prospects for Foreign Investors
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international trade by volume. Therefore India is