HMM Takes Delivery of First 16,000 TEU Containership HMM Nuri
SEOUL : HMM has announce that HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, starts its first voyage from the port of Busan in Korea. HMM’s
Container shipping’s orderbook-to-fleet ratio rockets up to 15%
FRANCE : Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on
ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020
HAIFA : ZIM Integrated Shipping Services Ltd. ,a global container liner shipping company, on Monday, 22nd March 2021 announced its consolidated results for the three and twelve months ended December
Supply bottlenecks leave container ships stranded
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off
Adani Ports to acquire additional 58.1% stake in Gangavaram Port
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) has announced it will acquire the 58.1% stake held by D.V.S. Raju and family in Gangavaram Port Limited (GPL)
Strong GDP growth in FY22 to drive logistics demand: Ind-Ra
Mumbai: Strong GDP Growth in Financial year 2022 will drive logistics demand India Ratings and Research said. According to the agency, strong-to-moderate recovery is already being witnessed across various
Victory for Iran: India nears completion of Chabahar
CHABAHAR / NEW DElHi : The second batch of equipment supplied by India has reached Chabahar, Iranian and Indian officials say, bringing New Delhi closer to full operation
CSSC delivers 6th LNG-powered giant to CMA CGM
JIANGNAN : China State Shipbuilding Corporation (CSSC) has named and delivered CMA CGM Montmartre, the 6th LNG-powered 23,000 TEU containership, to the French liner company CMA CGM. Built
Centre not handing over major ports to private parties: Mandaviya
NEW DELHI : The Centre is not handing over major ports to private parties and has only sought private sector participation in projects on PPP mode, Parliament was
DGFT to go fully digital, contactless, faceless, paperless: Commerce Secretary
NEW DELHI : The Directorate General of Foreign Trade (DGFT) will soon be completely digitised with the rollout of newer IT systems in a phased manner, enabling virtual