MSC continues support for Team Malizia’s remote ocean data collection during round-the-world sailing race
GENEVA : Scheduled on 15 January a six-month-long sailing race will start from Alicante, Spain for a journey around the globe. Skippered by Boris Herrmann, and supported by MSC, Team Malizia’s Seaexplorer will embark
PIL successfully launched first Block Train in Africa
SINGAPORE : As PIL continues to roll out its new intermodal services, it is pleased to announce the successful launch of its First Block Train Service in Africa in December 2022. The block train, carrying
OOIL included in FTSE4Good Developed Index
HONG KONG : Orient Overseas (International) Limited (“OOIL” or “the group”) announces it has been included in the FTSE4Good Index Series. Created by the global index and data provider FTSE Russell, the FTSE4Good
South Korean shipbuilders grabbed lion’s share of eco-friendly orders in 2022
SEOUL : South Korean shipbuilders secured the largest market share for high-value-added, eco-friendly vessel orders in 2022, bagging 58 percent of the total ordering tally for the year. This equals 149 vessels or 12.0
India is eyeing on ₹35KCr investments by 2047 to create a network of waterways
NEW DELHI : Sanjay Bandopadhyaya, Chairman of the Inland Waterways Authority of India (IWAI), said that India is eyeing an investment of ₹35,000 crore by 2047 to create a network of waterways in the
Allcargo Logistics buys 75 percent stake in German cargo consolidator Fair Trade
MUMBAI : Allcargo Logistics Ltd has bought a 75 percent stake in Germany’s Fair Trade GmbH in a deal that helps expand and strengthen the service network of ECU Worldwide – a Group company
Transworld Group and DP World’s World Security partner to train Indian workers for UAE jobs
DUBAI : World Security, a DP World Company, entered a strategic partnership with Transworld Group, a renowned shipping and logistics company, to expand its offerings as a leading turnkey security, facility management and manpower
Hapag-Lloyd acquires stake in the Spinelli Group
HAMBURG : The responsible antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stakenin the Spinelli Group, after signing took place in September 2022. With closing of thetransaction, Hapag-Lloyd has acquired 49 percent of