Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong
GERMANY : 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
Asia-Pacific Heads of Customs discuss priorities and strengthen collaboration
INDONESIA : Indonesian Customs, in its capacity as Vice-Chair of the WCO Council for the Asia-Pacific (AP) region, organized a virtual Regional Meeting of Directors General of Customs
Poor quality fuel sees MSC vessel stall in the Pacific
LOS ANGELES : MSC has reported its 13,000TEU container ship MSC Ariane has suffered an engine failure due to poor quality fuel, which has caused the vessel to
Bulker and Tanker Damaged in Manila Bay Collision
MANILA BAY : A tanker and a bulk carrier collided in Manila Bay, Philippines on Wednesday causing significant damage to both vessels. The accident occurred at approximately 9:14
High ocean freight may lead to slow start in rice exports
Buyers turn cautious as Indian rupee also weakens NEW DELHI : After record exports of around 12 million tonnes (mt) of non-basmati rice during 2020-21, exporters are confident
Buoyant liners add record numbers of newbuilds
COPENHAGEN : March saw a stunning 866,060 teu of new tonnage ordered, almost the same as was contracted throughout the whole of 2020, as the cash-rich sector starts
FMC vows to get to the bottom of the ongoing container crunch hammering US supply chains
SAN FRANCISCO : The Federal Maritime Commission, America’s shipping regulator, met virtually and in closed session yesterday to discuss developments in the ongoing Fact Finding 29 investigation of
Transporters fear disruption in services due to restrictions on account of COVID surge
New Delhi : Transporters body AIMTC on Tuesday said it fears disruptions in services due to restrictions imposed by several states, including Maharashtra and Delhi, due to surge
RBI’s lower interest rates need to be transmitted to end customers : EEPC India
MUMBAI :While Reserve Bank of India’s lower interest rate regime is intended at supporting growth, steps need to be taken for full transmission of the rates to the
World’s first hydrogen cargo vessel set for Paris debut
PARIS : The European innovation project Flagships will deploy the world’s first commercial cargo transport vessel operating on hydrogen later this year, plying the river Seine in Paris,