Hapag-Lloyd’s H1 profit increases almost tenfold
HAMBURG : Hapag-Lloyd has achieved outstanding performance in financial terms during the first half of 2021, as it has benefitted from strong container demand and skyrocketing freight rates, according
Impressive order booking position to sustain exports growth albeit logistics challenges: FIEO Presid
NEW DELHI : Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 50 percent with
CMA CGM applies new reefer surcharges worldwide
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion
HMM achieves record profits and increased volumes during 2021 H1
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue
High shipping rates due to demand/supply disruption in container business: Gujarat Pipavav Port
PIPAVAV : Gujarat Pipavav reported its earnings for the June-ended quarter. Jakob Friis Sorensen, MD, Gujarat Pipavav Port discussed the earnings fineprint and outlook. The container business is
Two shipping firms to start container feeder service at MPT
PANAJI : Spelling good news for Goa’s export and import business, two shipping firms have shown interest in operating container feeder services at the Mormugao Port Trust (MPT).
Ningbo, liners ready to skip the port
ZHENJIANG : The temporary suspension of operations at Ningbo Meidong container terminal due to Covid has already put the major shipping companies on alert. They are already trying
From Meerut to Madrid: Logistics lessons India can port from China
NEW DELHI : An efficient supply chain forms the bedrock of any industrialised economy. The importance of supply chain has been demonstrated in both India and China —
Drewry’s World Container Index gains US$50 this week
Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week in 2020. This is
Exports may touch USD 1 trillion by FY 2027-28: Commerce Secretary BVR Subrahmanyam
NEW DELHI : The country’s merchandise exports are expected to touch USD 1 trillion by 2027-28 and the government has laid down a road map, including district as an