HAIFA : On 8 January 2023, ZIM Integrated Shipping Services unveiled an enhancement to its ZMP Service, a pivotal route linking Asia with East Mediterranean. The latest development includes the incorporation of an additional
MUMBAI : The Container Shipping Lines Association, (CSLA) a significant group of foreign container shipping lines in India, currently comprising 24 members, has raised an alarm about a substantial increase in freight rates on
HONG KONG : COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In the same period, OOCL’s total liftings
NEW DELHI : India has deployed over 10 warships with marine commandos in the Arabian Sea and Gulf of Aden, showing its naval presence to deter piracy and drone strikes. The Indian Navy is
GANDHINAGAR : Prime Minister Shri Narendra Modi arrived in Ahmedabad on Monday to inaugurate 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Today the Prime Minister will arrive at Mahatma
KOLKATA : The maiden edition of Inland Waterways Development Council (IWDC) in Kolkata culminated with many firsts in an effort to ramp up capacity and augment viability of inland waterways of the country. The
MUMBAI : PSA Mumbai, located in Jawaharlal Nehru Port (JNP) in Maharashtra, one of the leading container terminals in India, is proud to announce that it handled over 2 million TEUs in 2023. The
CHENNAI : The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities. The
NEW DELHI : India may see around $30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in the Red Sea lead to a surge in container shipping rates and prompt exporters to
JERUSALEM : Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not include details behind the decision, came as shipping lanes in
