Wan Hai Lines names two new boxships
TAIPEI : Taiwan’s container carrier Wan Hai Lines held ship naming ceremonies for its new container ships, Wan Hai 372 and Wan Hai 376. The two vessels are in the series of 3,055 TEU
OOCL’s revenues fall despite container volume uptick
SINGAPORE : In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal Dry Canal project that will begin
Tamil Nadu pitches for Elon Musk’s new EV factory in India
CHENNAI : Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit. “Tamil Nadu will be
Maldives trying to discuss with India for paying in their local currency for imports
MALE : The Maldives is currently discussing with India if the island nation can make payments for its imports from the country in Maldivian Rufiyaa, a senior minister has said. A similar arrangement is
China’s March exports and imports shrink, miss forecasts by big margins
BEIJING : China’s exports contracted sharply in March while imports unexpectedly shrank, undershooting forecasts by big margins, highlighting the stiff task facing policymakers as they try to bolster a shaky economic recovery. The dour
EU tanker import tonne mile demand up 12% as ships avoid Red Sea area : BIMCO
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on
WCO Publishes a Handbook on Performance Measurement
BRUSSELS : The WCO has published a “Handbook on Performance Measurement” to address the need for a comprehensive guide for evaluating performance, specifically tailored for Customs administrations. In an era of escalating complexity in
PMO likely to review and adopt 100-day agenda for next government this month including FTAs with UK and Oman
NEW DELHI : The Prime Minister’s Office (PMO) is likely to review and adopt a 100-day agenda later this month for the next government, which is being piloted by India’s think-tank NITI Aayog, a senior
Indian Railways’ Rs.2 Tn DFC project is progressing
NEW DELHI : The ambitious project of Indian Railways-constructing dedicated freight corridors (DFCs) worth Rs 2 trillion is progressing as planned, according to recent updates. These corridors aim to revolutionise India’s logistics sector by