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
Port of Long Beach Had Busiest Month on Record in March
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los
Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better
NEW YORK : Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that
Regulations tightened for identity verification of exporters, importers & CHAs
New Delhi : The government has notified verification regulations named Customs (Verification of Identity and Compliance) Regulations, 2021, for new importers, exporters and customs brokers. The Customs (Verification
Rate hikes and new charges show Mundra Port’s ability to dictate terms
However, shipping lines have opposed the hike in marine charges at Mundra MUMBAI : Mundra Port, India’s biggest commercial port by volumes and the flagship of Adani Ports
2021 could be even better for container shipping
NEW YORK :Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record