NEW DELHI : The DGFT issued Public Notice No. 15/2023 dated March 14, 2024, which amends Para 4.06 and Para 4.14 of the Handbook of Procedures 2023. This amendment aims to streamline and automate the
DAMMAM : In February 2024, King Abdul Aziz Port in Dammam achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput of 166,956 TEUs in 2023. This
COPENHAGEN : The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk, CEO Mr. Vincent Clerc told the group’s annual meeting
HAMBURG : Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively. Additionally, the company’s earnings before interest
RIYADH : The ports supervised by the Saudi Ports Authority ‘Mawani’ have recorded a growth in the statistics of imported containers by 16.88%, reaching 266,672 TEUs, compared to 193,937 TEUs in 2023. They also
SINGAPORE : PSA International has completed its inaugural disclosure submission to CDP for the 2023 climate change assessment and achieved an overall ‘B’ rating based on environmental information about PSA’s Ports and PORT+ businesses.
BHARUCH : Third 25T Bollard Pull (BP) Tug, Bajrang was launched by Cmde V Pravin, AWPS (Mbi) on 14 Mar 24 at M/s Shoft Shipyard Pvt Ltd, Bharuch, Gujarat. This Tug is a proud flag bearer of “Make
DHAKA : The construction of Balla land port infrastructure has been completed in the Kedara court area near the Bangladesh-India border in Chunarughat of Habiganj at a cost of about Tk 490 million. But
SINGAPORE : Ocean Network Express (ONE) has announced the grand opening of the company’s new office space in Myanmar. The new ONE Myanmar office at Sakura Towers, Bogyoke Aung San Road is located in
MOSCOW : Logistics companies and rail operators have reported a surge in demand for rail transport through Russia from Asia to Europe, following the disruption to sea lanes caused by the recent Houthi attacks
