Korea Development Bank doubles its stake in HMM
KOREA : Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea’s flagship liner operator by changing KRW300 billion (US$265.3 million) of convertible bonds into
India to be second fastest growing economy after China this year
MUMBAI : The World Bank positively projected that the Indian economy will grow at 8.3% for the financial year 2021-22. It is to be noted that despite the crippling impact of the second wave,
HMM confirms a dozen 13,000TEU vessels order
HMM has signed newbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve 13,000TEU container ships. The total cost of the new container vessels is US$1.57 billion, according
Wan Hai Lines Confirmed Orders For 12 New Vessels
As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of twelve(12) 3055 Teu container vessels with Nihon Shipyard Co Ltd. (NSY) / Japan Marine United Corp (JMU). The
Maiden Voyage of Coastal Shipping Service “Green Freight Corridor-2” inaugurated by Mansukh Mandaviya
NEW DELHI : The Ministry of Ports, Shipping and Waterways has accorded high priority to building greater synergies between the Major Ports and Non-Major Ports in order to promote coastal trade and to provide
In a major technological momentum, JNPT inaugurates 2 Mobile X-ray Scanners
MUMBAI: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port in a major technological push and with a vision to enhance the port’s efficacy, inaugurated 2 Mobile X-ray Scanners at NSICT & APMT. The
The inaugural vessel of CI1 service calls at APM Terminals Pipavav
PIPAVAV : APM Terminals Pipavav received the first call of CI1 (China-India Express) service operated by COSCO/OOCL, last week. The vessel M.V. OOCL MEMPHIS of COSCO shipping line with capacity of 8,888 TEUs reached
Govt finalises 7 cargo berths for privatisation at major ports
NEW DELHI : The Ministry of Ports, Shipping and Waterways has prepared a list of seven operational cargo berths run by government-owned major ports that will be privatised this fiscal through the public-private-partnership (PPP)