Port of New York shatters trade record, but latest shipping data hints at California comeback
NEW YORK : The Port of New York and New Jersey moved almost 9.5 million TEUs (twenty-foot equivalent units) for 2022, the first time in its history the
NYK orders fifth dual-fuel very large LPG/Ammonia carrier
TOKYO : NYK has placed an order at Kawasaki Heavy Industries (KHI) for its fifth LPG dual-fuel very large LPG/Ammonia carrier (VLGC). The seventh vessel in NYK’s fleet
Dry Bulk Market Under Pressure in Early 2023
GREECE : The dry bulk market has faced increasing headwinds in these early weeks of 2023. In its latest weekly report, shipbroker Intermodal said that “during the last
‘Everything is in India’s favour’: NITI Aayog CEO optimistic about future economic
NEW DELHI : Niti Aayog CEO Mr. Parameswaran Iyer told Republic that India has emerged as a topic of interest at World Economic Forum Davos summit and made
Maersk and MSC dissolve 2M Alliance
The two major container liners have agreed to terminate their current partnership effective January 2025 COPENHAGEN/GENEVA : Maersk and MSC have agreed to terminate the 2M alliance from
Hapag-Lloyd acquires share in J M Baxi Ports & Logistics Limited
HAMBURG : Hapag-Lloyd signed a binding agreement under which it will acquire 35 % of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private
Port of Deendayal: New berthing policy
GANDHIDHAM : With effect from 26 January, if a tanker vessel fails to commence cargo operations at the Port of Deendayal, within 4 hours from the time of
JNPA celebrates Republic Day with patriotic fervour
MUMBAI : Jawaharlal Nehru Port Authority (JNPA), India’s premier container port, celebrated India’s 74th Republic Day with patriotic fervour. This year’s celebration was even more special as India
How will Maersk-MSC split redraw container shipping landscape?
FRANCE : The decision by MSC and Maersk — the world’s two largest container lines — to terminate the 2M vessel-sharing alliance was predictable. The bigger surprise will
Experts suggest measures to improve Interest Equalisation Scheme for MSME exports in Budget 2023
NEW DELHI : In order to boost exports from the micro, small and medium enterprise (MSME) sector, which constitutes nearly 50 per cent of the country’s exports, experts
