Container shipping stock prices resilient : Drewry
LONDON : Amid falling spot freight rates, Drewry has significantly reduced the industry profitability forecast for 2023 but the ongoing consolidation at the current price-to-book (P/B level) hints
METS Technology chooses EST-Floattech Battery System for the refit of a Swedish vessel
SWEDEN : Swedish system integrator METS Technology has, together with main contractor Ö-VARVET AB, decided on EST-Floattech’s new Octopus Series battery system for the retrofitting of the MS
High Level Committee to draft revised Guidelines for Ro-Ro and Ro-Pax ferry services
NEW DELHI : MoPSW, under its Sagarmala Programme, has pushed a number of reforms and initiatives in the maritime industry to strengthen the country’s socio-economic and regulatory environment.
Kerala govt to give Rs 400 Cr to Adani Ports as part of Vizhinjam agreement
KOCHI : As part of the agreement between the Kerala Government and Adani Ports, the former will now have to give Rs 400 crore to the latter as
Nhava Sheva Port reporting long truck waits and congestion problems at the terminal
MUMBAI : Container trailer operators serving India’s Nhava Sheva Port (JNPT) are reporting long truck waits and congestion problems at the terminal entry points due to box scanning
Gujarat shipbuilding industry facing challenges
AHMEDABAD : The shipbuilding industry in Gujarat, which witnessed high profits about a decade ago, is in troubled waters these days. Of the seven shipbuilding yards in the
Welspun One signs MoU with UP Govt to invest Rs 2,000 Cr
LUCKNOW : Welspun One Logistics Parks has signed a pact with the Uttar Pradesh government for investment of Rs 2,000 crore to develop warehousing and logistics parks in
Maersk files a lawsuit against Evergreen over Suez Canal grounding
COPENHAGEN : Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in
Govt of India considers vessels directly to Japan for saving time & cost
NEW DELHI : As higher freight cost is a major challenge for apparel exporters, the Government is considering the vessels directly to Japan so that time and cost
AISATS to develop India’s largest Multi-Modal Cargo Hub at Noida International Airport, Jewar, Utt
LUCKNOW : Air India SATS Airport Services Private Limited (AISATS), India’s leading airport services company has been selected by Yamuna International Airport Private Limited (YIAPL) to Design, Build,
