30 countries now ready to accept BRICS currency
SHANGHAI : A growing number of countries are showing interest to join the BRICS Alliance and accept the new currency. BRICS could soon become BRICS+ as the South
DP World inks agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport
DUBAI : Dubai’s state-owned DP World signed agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport on Friday, to cooperate on automobile industry chain services and logistics. Ningbo-Zhoushan said it will
A.P. Moller – Maersk expands its warehousing footprint to over half a million sq. ft. in Banglad
DHAKA : A.P. Moller – Maersk (Maersk) on Monday announced the expansion of its warehousing footprint in Chattogram. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase
Construction starts on COSCO’s 2nd 700 TEU electric containership
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony
HMM Q1 profits plunge 91%
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn
Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Iran seizes ‘Purity’-an oil tanker, US boosting military presence
TEHRAN : Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats
Asian waters see rise in sea robbery and piracy
SINGAPORE : The Asian waters saw a 15% increase in piracy and sea robbery until April, in the first four months of this year, compared to the same
Sudhansh Pant, IAS, Secretary, MoPSW visits DPA, Kandla
GANDHIDHAM : Shri Sudhansh Pant, IAS, Secretary, Ministry of Ports, Shipping & Waterways, Government of India visited Operational Area of Deendayal Port Authority, Kandla on Saturday,13.05.2023. During his
Cochin Port has bagged the Sagar Shreshtha Sammaan Award 2023
KOCHI : The Ministry of Ports, Shipping and Waterways honoured the Cochin Port Authority (CPA) with the Sagar Shreshtha Sammaan for the best turnaround time in non-container category during 2022-23. Minister for