Global port congestion skyrockets double sailings
SINGAPORE : Maritime data provider and analyst, Sea Intelligence has seen a sharp increase in double sailings during the last weeks in its latest report. Double sailing is
Ever Given owners, Suez Canal Authority hammer out compensation deal
EGYPT : Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an
Mercantile Ports & Logistics secures long-term contract in India
GUERNSEY : Mercantile Ports & Logistics Ltd. said that it has secured a new multi-year port contract in India with revenue of around seven million pounds ($9.8 million)
Keppel and Sembcorp in talks to combine offshore and marine businesses
Singapore’s Keppel Corporation and Sembcorp Marine are reportedly set to commence discussions on a possible merger of their offshore and marine businesses. Both companies have issued trading halts
Kuehne+Nagel reduces carbon footprint by 70% for Honda Automotive in China
Inbound-to-manufacturing transportation shifting from road to rail CO2 reduced by approximately 16,000 tonnes on East China – Wuhan routes A further step towards Kuehne+Nagel’s 2030 Net Zero Carbon targets SCHINDELLEGI
Nargol Port to be developed as a Greenfield Port with an extended BOOT period of 50 years
GANDHINAGAR : Shri Vijay Rupani, Chief Minister Gujarat has approved development of a greenfield port at Nargol located in South Gujarat through Public Private Partnership (PPP) with an
Yantian to return to full operations , box backlog expected to take many weeks to clear
SHENZHEN : Yantian Port is set to resume normal operations after a month-long cut in productivity brought about by a Covid-19 outbreak. Shippers have been warned it will
Exporters having tripartite agreements with multinationals under GST scanner
NEW DELHI : The tax department has held back the export benefits of many companies that have three-way contracts, or tripartite agreements, with multinationals, the Economic Times mentioned in a
A new world first for Port of Antwerp – a methanol-powered tugboat
European Commission gives green light for methatug Port of Antwerp is converting a tug to methanol propulsion – a world first. The ‘methatug’ is part of the European
Cabinet approves merger of Central Railside Warehouse Company Limited (CRWC) with Central Warehousin
Minimum Government Maximum Governance” through merger of CWC-CRWC The merger will unify the similar functions of both the companies such as warehousing, handling, and transportation It will result
