Forwarders should move quickly on Ever Given GA, but legal wrangle looms
LONDON :The British International Freight Association (BIFA) has urged forwarders with cargo on board the Ever Given to begin General Average (GA) procedures with their shippers. The vessel’s owner declared GA last Thursday. Robert
N Europe – Asia exporters face near 80% container capacity drop
Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed by a spike in capacity. Exporters
VPT targets 80 million tonnes cargo handling in FY 2021-22
VISAKHAPATNAM: The Visakhapatnam Port Trust (VPT) is targeting to handle 80 million tonnes of cargo in the 2021-22 fiscal. Despite Covid-19, VPT stood third among Major Ports in India for the second consecutive year
Mundra pips JNPT to become India’s biggest container port
Mundra is the flagship port of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator Mumbai : . Mundra Port, India’s biggest commercial port by volumes, has overtaken state-run Jawaharlal
NMPT pact with IOCL for bunkering facility
New Mangalore Port Trust on Tuesday signed an agreement with Indian Oil Corporation Ltd to provide bunkering facilities for vessels. Mangalore :A press release by NMPT said that it had invited tenders from firms
Adani group combined market cap tops $100 billion
Currently, only Tata group, HDFC group and Mukesh Ambani-led Reliance group have higher market cap at the group level .The combined market cap of Adani group companies has topped the $100-billion mark. The combined
CSSC bags $1.5bn containership newbuilding orders
China State Shipbuilding Corporation (CSSC) has announced its largest containership contract for the construction of thirteen 16,000 teu boxships at a total cost of over CNY10bn($1.5bn). Asia :The vessels are designed by CSSC Marine
Customs authorities launch drive to clean up key Indian ports
Customs authorities have launched a drive to clean up key ports in the country where potential explosive material that arrived on Indian shores as part of scrap imports has caused major concern among the