MARSEILLE : French ocean carrier CMA CGM has achieved significant increases in its main financial figures in 2022, compared to the previous year. In particular, the Marseille-headquartered company noted a 33.1% growth in revenues
AHMEDABAD : Shares of Adani Group Companies continued gaining momentum on Monday amid easing concerns about the conglomerate’s debt obligations after Gautam Adani-led entity raised ₹15,446 crore by selling minority stakes in four of its listed
NEW DELHI : GAIL, India’s primary gas pipeline operator, is seeking to revolutionise its petchem facilities by replacing current feedstocks with ethane imported from the US to compensate for the shortfall caused by the
SINGAPORE : Ocean carriers should focus on transitioning from fossil fuels to decarbonized green fuels but expect an added cost of between $2000-$3000 per forty-foot container, warned Jeremy Nixon, CEO of Ocean Network Express
TOKYO : Evergreen Marine Corporation has ordered 12,500 containers from Singamas Container Holdings for US$34.3 million, as the Taiwanese liner operator works towards expanding its business, despite the weak market conditions. In January, Evergreen’s
MARSEILLE : French container shipping major CMA CGM welcomed nine e-methane-ready dual-fuel container ships into the fleet in 2022. The ships pertain to CMA CGM’s $10.2 billion investment in a fleet of 77 LNG-powered
ABU DHABI : AD Ports Group, a leading facilitator of global trade, logistics, and industry, and SEG ENERA Group, one of the largest multisectoral holding companies in Uzbekistan, announced the formation of a new joint
MARSEILLE : CNC, part of CMA CGM Group, announced the launch of the new NTX1 service that will connect ports in South Korea, Vietnam and Thailand. In particular, NTX1 will offer a six-day transit
CHITTAGONG : Container handling at the Chattogram Port, the country’s main seaport, decreased by 67,787 teus in February year-on-year due to declined imports following the dollar crisis. According to the Chattogram Port data, import,
LONDON : IMO Secretary-General Kitack Lim says landmark treaty will reinforce efforts to protect biodiversity. IMO has welcomed the landmark agreement on a new oceans treaty to protect marine biodiversity on the high seas.
