Charter hire rates for multipurpose and heavylift vessels have surpassed the highs registered in 2008 to create new all-time records, latest data from Drewry shows. According to Drewry’s Multipurpose Time Charter Index, average annual
Evergreen Marine Corporation is reported to have ordered 6,000 new reefer containers from the Chinese manufacturers, Guangdong Fuwa Equipment Manufacturing (Fuwa), according to the Taiwan Stock Exchange Inc. & Taipei Exchange. The cost of
DURBAN : Operations at South Africa’s major ports, Durban and Richards Bay, and a freight rail line connecting Durban with the Gauteng province have been severely disrupted after days of violent protests in response
NEW DELHI : In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a scheme to provide Rs.1624 crore over five years as subsidy
NEW DELHI : Welcoming and thanking the Hon’ble Prime Minister, Shri Narendra Modi, Hon’ble Finance Minister, Smt Nirmala Sitharaman and Hon’ble Commerce & Industry and Textiles Minister, Shri Piyush Goyal for continuance of the RoSCTL benefits
PIPAVAV : APM Terminals Pipavav is delighted to inform all its customers that the Power Supply to the port throughthe national grid has resumed effective 10th July 2021. All the cranes and equipment are
MUMBAI : The roll out of a Cupboard-backed subsidy scheme for native transport corporations will sweeten the deal for the privatisation of Delivery Company of India Ltd (SCI) and assist increase the valuation of
GENEVA : Mediterranean Shipping Company (MSC) has announced new rates from Sri Lanka, India and Pakistan to two of the most important European hubs, the ports of Antwerp and Valencia. The Swiss container carrier
COPENHAGEN : Maersk Line is said to be discussing orders for up to a dozen 15,000TEU methanol-fuelled container ships at Hyundai Heavy Industries (HHI), according to reports from South Korea. The price of each
AAHL is now India’s largest airport infrastructure company, accounting for 25% airport footfalls. AAHL will now also control 33% of India’s air cargo traffic. AAHL will cater to a 300-million-strong post-pandemic consumer base comprising
