China’s Cosco Shipping predicts $4.73 billion net profit in third quarter
BEIJING : China’s shipping giant Cosco Shipping Holdings is expecting its net profit attributable to the shareholders for the third quarter of 2021 to reach 30.49 billion yuan
ONE restarts Oakland call at UK-Asia service
SINGAPORE : The Singapore-based shipping line Ocean Network Express (ONE) will restore Oakland call in its Asia-US service on 13 November, which had been ceased since 2019. Particularly,
MAN Energy Solutions and DP World sign cooperation agreement
DUBAI : MAN Energy Solutions has signed a cooperation agreement with DP World, the leading provider of smart logistics solutions. Effective immediately, the agreement targets common progress in
GWC showcases world-class infrastructure and World Cup readiness as UPS visits logistics facilities
DOHA : Strong economic growth and a strategic location are among the key advantages that reinforce Qatar as a trade and investment hub in the Middle East. The
COSCO launches express alternatives to US West Coast
BEIJING: COSCO Shipping Lines (COSCON) is launching Transpacific BCO Express Line this week, comprising the Prince Rupert express line (CEN-EXPRESS) and the Los Angeles express line (CEN-PLUS) Using
Britain’s biggest container port so congested it’s considering turning ships away
FELIXSTOWE : Britain’s biggest container port is struggling to cope with the volume of cargo passing through it with just 10 weeks to go until Christmas. It’s peak
Bulk importers at mercy of lighter vessel cartel
Importers allege the WTC has monoplised the goods transport at Chattogram port and hiked shipping fares arbitrarily DHAKA : The Water Transport Cell (WTC), which was formed to
Rising US Crude Oil Production Expected to Help the Tanker Market
WASHINGTON : An increased crude oil production in the U.S. could offer additional support to the tanker market. In its latest weekly report, shipbroker Gibson said that “US
PM to launch first ever National Infrastructure Masterplan ‘PM Gati Shakti’ tomorrow
NEW DELHI : Prime Minister Shri Narendra Modi will launch the first ever National Infrastructure Masterplan, Pradhan Mantri Gati Shakti tomorrow, on Wednesday Oct 13. The Gati Shakti
JNPT records 40.40% growth in container traffic in first half of FY 21-22
MUMBAI : Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container ports, handled 2,703,051 TEUs during the first half of the FY 2021-22 against 1,925,284 TEUs, which