Despite new law, major port trusts yet to become authorities
MUMBAI : Six months after getting Parliament support for a new law to convert the 11 major port trusts into authorities, the Centre is yet to complete the structural makeover of state-owned ports. The
Container Shipping Earnings Now Rival Apple. It’s Not a Good Look
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow
FM Sitharaman to announce infra property on the block on Monday
NEW DELHI : Union Finance Minister Nirmala Sitharaman will announce on Monday the property to be put up on the market as a part of the federal government’s asset monetization program. Federal coverage assume tank
Container shortage, lockdowns spook Tirupur garment industry
CHENNAI : Raising Air freight, shortage of containers for sea freight and lockdown for six weeks due to Covid second wave has meant nearly Rs 2,500 crore worth garments stuck in Tirupur. Worse, these
Adani shuts Ludhiana logistics park, farmers continue siege
MUMBAI : The Adani group has closed its multi-modal logistics park at the dry port in Kila Raipur near here. While the farmer unions claim a victory, they will not end its siege until
Car exports rise 131% in April-July, Maruti Suzuki ahead of Hyundai, VW jumps to third place
SINGAPORE : In what is a good indicator of demand for made-in-India passenger vehicles and also marking the opening of global markets, PV exports have risen by 131% year on year in the April-July
OOCL reports skyrocketing first half figures
Orient Overseas International Limited (OOIL), which owns the container carrier Orient Overseas Container Line (OOCL), has published its financial and operational results for the first half (H1) of 2021, representing the best six-monthly results
Abu Dhabi Ports’ OFCO buys seven support vessels
ABU DHABI : The fleet expansion comes as Abu Dhabi Ports ventures further into the integrated logistics and subsea services areas. OFCO chairman Captain Maktoum Al Houqani said the company was on the look