HAIFA : ZIM Integrated Shipping Services Ltd, along with other investors, announced the initial closing of an $8 million financing round in Spinframe. ZIM led this investment as part of its strategy to invest in early-stage
LONDON : The second International Day for Women in Maritime, celebrated on Thursday, 18 May 2023, seeks to highlight the importance of collaboration and networking in achieving gender equality in the maritime sector. IMO Secretary-General
KARACHI : A senior delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwari, Federal Minister For Maritime Affairs, Government of Pakistan. The delegation was led by Captain Mohamed Juma
MOSCOW / TEHRAN : Russia and Iran have agreed a deal to finance and build a railway providing a strategically significant new link in the region. The Rasht-Astara link is seen as an important link in
NEW DELHI : Japan wants to achieve more synergy between its development cooperation in India’s northeastern states and neighbouring Bangladesh, including using the Matarbari Sea Port to create a new industrial value chain, Japanese Ambassador
LONDON : The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused by rising interest rates, an inflationary
LONDON : The inaugural IMO International Day for Women in Maritime on 18 May 2022 focused on the theme “Training-Visibility-Recognition: Supporting a barrier-free working environment”. The IMO invites everyone in the maritime industry to celebrate the
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ), the port and logistics division of Adani Group, on Wednesday said it handled its highest-ever rail cargo of over 120 million metric tonnes (MMT)
GENEVA : MSC is set to be the first container line to have fleet of 5 million TEUs in capacity later this month according to analyst Alphaliner. MSC overtook Maersk to become the world’s
DUBAI : A.P. Moller – Maersk (Maersk) announced ocean shipping service, ‘Al Maha’, that will commence its rotation in June 2023. The ‘Al Maha’ service will rotate between the important ports across the UAE, Saudi
