Hong Kong investing $2.5m to promote maritime services sector
HONG KONG : The Hong Kong Govt has allocated HK$20m ($2.5m) in its 2023 – 24 budget to promote the high-end maritime service industry sector. In his budget
Port of Montreal to invest over US$245 million in infrastructure projects
QUEBEC (CANADA) : The Port of Montreal has decided to spend over US$245 million (CA$335 million) in its new five-year investment strategy for infrastructure on Montreal Island. These
Rotterdam reports container decline amid higher revenue
ROTTERDAM : Container throughput fell by 5.5% at the port of Rotterdam in the previous year, reaching 14,455,000 TEUs. According to the Port of Rotterdam Authority, the main
Container vessel catches fire in Gulf of Riga, crew abandons the ship
RIGA : A fire broke out in the engine room of the Dutch-flagged container ship Escape, while it was sailing in the Gulf of Riga in Latvia on
Govt to increase the share of renewable energy in ports by 60% : Sarbanada Sonowal
NEW DELHI : The Centre is aiming to increase the share of renewable energy to 60 per cent in the total power consumption of its major ports from a present share of
APM Terminals Pipavav strengthens warehousing infrastructure around the port
The Multi-Modal Logistics Park is developed in partnership with Contrans Logistic Pvt. Ltd. It will offer state of the art warehouse facility to the trade. PIPAVAV : APM
Allcargo Logistics to buy 90% equity, OCDs in Madanahatti Logistics for Rs 24 Cr
MUMBAI : Allcargo Logistics stated that it has entered into a securities purchase agreement (SPA) with BRE Asia Urban Holdings to acquire 90% equity share capital and optionally
Megaload is born, a joint venture between Express Global Logistics Pvt Ltd (EXG) and Fagioli SpA
MUMBAI : Express Global Logistics Pvt. Ltd. (EXG), a 77-year-old asset based integrated project logistics company and Fagioli SpA, among the sector world leaders in engineering and large
Singapore-based RBB Ship Chartering comes to GIFT City
GANDHINAGAR : Singapore-based RBB Ship Chartering Pte Ltd has become the first ship leasing operator at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar. RSCPL (IFSC)
Government to amend law for mandating foreign ship owners pay provident fund to Indian seafarers
MUMBAI : Foreign ship owners will have to pay provident fund, gratuity and pension to the Indian crew they hire to run their ships, per a proposal mooted