Suez Canal blocked after large container ship runs aground
EGYPT: A large container ship ran aground in Egypt’s Suez Canal on March 23, blocking the crucial international trade artery and causing a major traffic jam of shipping vessels at both ends. Both, the
Seacoast development policy on anvil; 225 projects identified: Mandaviya
NEW DELHI : A policy is on the anvil for development of seacoast and about 225 projects have been identified under it, Union Minister Shri Mansukh Mandaviya said here on Wednesday, 24th March. The
HMM Takes Delivery of First 16,000 TEU Containership HMM Nuri
SEOUL : HMM has announce that HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, starts its first voyage from the port of Busan in Korea. HMM’s 16,000 TEU container vessels have been
Container shipping’s orderbook-to-fleet ratio rockets up to 15%
FRANCE : Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on the tonnage with Alphaliner suggesting IMO’s
ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020
HAIFA : ZIM Integrated Shipping Services Ltd. ,a global container liner shipping company, on Monday, 22nd March 2021 announced its consolidated results for the three and twelve months ended December 31, 2020. Fourth Quarter and Full
Concor Chairman V Kalyana Rama says privatisation will not change company’s basic structure, operations
Chairman of the Indian Railways subsidiary and one of the most hyped candidates lined up for strategic sale by the government, said it may see a 5 percent drop in revenue during the current
Supply bottlenecks leave container ships stranded
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off the coast of California, dozens of
Adani Ports to acquire additional 58.1% stake in Gangavaram Port
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) has announced it will acquire the 58.1% stake held by D.V.S. Raju and family in Gangavaram Port Limited (GPL) for ₹3,604 crore. The deal is