Railways Minister Shri Ashwini Vaishnaw says that railways to be highly profitable in coming 5-6 years
NEW DELHI : Railways will be “highly profitable” in coming 5-6 years with its ongoing transformative initiatives, Railway Minister Shri Ashwini Vaishnaw said on Thursday. The minister exuded confidence that the Railways will have a
Shipping Corporation incorporates subsidiary as part of demerger
MUMBAI : The Shipping Corporation of India has incorporated a Wholly Owned Subsidiary in the name and style of “Shipping Corporation of India Land and Assets” bearing CIN- U70109MH2021GOl371256 on 10 November, 2021 pursuant
Drewry’s World Container Index remains steady
Drewry’s composite World Container Index (WCI) remained steady at US$9,192.50 per 40ft container this week, but it is still 250% higher than a year ago, with the shipping consultants expecting rates to remain also
HMM hits US$1.95 billion record Q3 profit
The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared to the same period of 2020, reaching US$1.95 billion (KRW
Donya-Florence Amer to be Chief Information Officer at Hapag-Lloyd
HAMBURG : During its meeting the Supervisory Board of Hapag-Lloyd AG appointed Donya-Florence Amer to the Executive Board. On 1 February 2022, she will join the company as Chief Information Officer (CIO). Amer, 49,
Yang Ming boss : Newbuildings needed, but no rush
TAIWAN : Yang Ming Marine Transport will eventually order newbuildings, but this should not be rushed, according to the company’s Chairman Cheng Cheng-Mount. On 10 November, Cheng spoke at a shipping forum in Taiwan,
CMA CGM and Engie Partner to Develop Synthetic and Bio Fuels
MARSEILLE : CMA CGM is forming a strategic and industrial partnership with French energy company Engie to focus on the development of carbon-neutral fuels. The focus will be on the production and distribution of
Chipolbrok heads west
Chinese-Polish multipurpose shipping line Chipolbrok is enjoying healthy westbound volumes ex-China. While its vessel Chipolbrok Atlantic is delivering several cargoes for the European side of these services, the North American trade lane has to