NEW DELHI : The Parliamentary Standing Committee on Transport, Tourism and Culture has expressed concern about the slow utilisation of funds under the Sagarmala Project — the flagship scheme of the Ministry of Ports, Shipping
BHUBANESWAR : Shri Tukuni Sahu, the Transport Minister told the state assembly that first phase and second phase work of National Waterway-5 on the Mahanadi is underway. Development work of the first phase has
The Drewry’s World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50th week of dips over the last year. The rates have fallen on all routes further this week, with the transatlantic
GENEVA : The world’s largest container line Mediterranean Shipping Company (MSC) has inked a five-year partnership deal with the Global Centre for Maritime Decarbonisation (GCMD) MSC becomes the fifth impact partner of Singapore-based GCMD
COPENHAGEN : Maersk and BionicHIVE have been working for four months on a pilot designed to assess automation processes that sort, select and put away packages and can navigate warehouse floors using built-in cameras
SINGAPORE : THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in response to falling volumes. In November
HAMBURG : German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have flexible port coverage. This new service, Vietnam Indonesia Straits (VIS), will be effective in April and
SHANGHAI : Cosco Shipping Holding has newly opened-up a Far East-South America East Service from Yangpu International Container Terminal in Hainan Province. The new service covers major Brazilian ports including Itaqui, Santos, Balanagua, Itaboa, Navigentes and Itajai. It
HONG KONG : Hutchison Ports is to invest $700m in Ain Sokhna Port, and a new container terminal in the Port of Alexandria in Egypt. The investment includes the development of a new container
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that renovation work on the 9th and 10th floors of its Head Office building in Tokyo, which began last August, was completed on Monday, March 13. This
