‘With capacity control, we will gain price control in the region’: Karan Adani
MUMBAI : Adani Ports and Special Economic Zone Ltd (APSEZ) said that its planned container transshipment terminal at Colombo port will not “cannibalise” the firm’s under-construction facility at Vizhinjam in Kerala as both the
Allcargo about to sell its project logistics
MUMBAI : Allcargo Logistics is in final talks to sell its business of project logistics, said a person in the know, as the company aims to restructure its business, focussing on core segments with
ICTSI reports huge profit jump during 2021
MANILLA : International Container Terminal Services, Inc. (ICTSI) has reported important increases in its financial results for the nine months of the year, with net income significantly increased by 68% year-on-year. The global container
OOCL warns of fraudulent activities
HONG KONG : Orient Overseas Container Line (OOCL) has announced that it recently observed an increase in fraudulent activities and has warned that fraudsters can hack email accounts, and by all possible means cheat victims to
Port of Antwerp, Port of Zeebrugge and Chile join forces to promote hydrogen production
ANTWERP : On November 4, the Port of Antwerp, Port of Zeebrugge and the Chilean Ministry of Energy signed a Memorandum of Understanding (MoU) joining forces to make green hydrogen flows between Chile and
Suez Canal Authority to increase transit tolls by 6%
EGYPT : Suez Canal Authority (SCA) has published new resolutions concerning the fees of the transiting ships through the canal and new marketing strategies that will be applied during the next year. In particular,
Maersk joins new decarbonisation initiative
COPENHAGEN : A.P. Moller – Maersk is a founding member of the First Movers Coalition, a new platform for companies to make purchasing commitments that create new market demand for low carbon technologies, alongside
Century Plyboards decided to hive off logistics business
KOLKATA : Century Plyboards (India) Limited has decided to hive off its container freight station (CFS) business into a wholly owned subsidiary as the company focuses on its core businesses, setting a target to