Calcutta Port Trust posts 26% surplus hike
KOLKATA : Despite cargo traffic volume coming down 4.14 per cent, the port managed to log in a 7.3 per cent rise in revenue and a 26 per
Suez Canal Authority Holding Ever Given Over $916 Million Compensation Claim
CAIRO,(Reuters) – A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million
Indian iron ore exports ramp up
NEW DELHI : Indian seaborne iron ore exports increased by 47% in March to 6.6m tonnes, the highest monthly total on record, Braemar ACM data shows. The majority
Record container carrier profits on course to extend for a further two years
BEIJING : After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner industry could double that in Q1 this
India to manufacture containers in Bhavnagar, eyes Rs 1,000 cr investment: Mansukh Mandaviya
NEW DELHI : Eyeing indigenous production of containers amid a global surge in demand, the Centre is looking to develop Bhavnagar in Gujarat as a container hub and
Coffee Day unit Sical Logistics faces insolvency proceedings
YES Bank has claimed Rs 173 crore, while IDFC First Bank has claimed Rs 121 crore, as per the company’s latest filings.The order is based on a payment
Cargo handling at top-12 ports falls 4.59 per cent to 673 MT in FY21
NEW DELHI : Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall in cargo handling to 672.60 million tonnes (MT) in
Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong’
HAMBURG : Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that
Chabahar Port likely to be declared operational by May as India accelerates work: Report
IRAN : Even though the Trump administration gave India the ‘Afghanistan reconstruction’ exception from its punitive Iranian sanctions, India largely stopped work on the project until late 2020.
Federal Maritime Commission Holds Closed-Door Meeting on Ongoing Ocean Supply Chain Investigation
NEW YORK : Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean transportation supply chain system