The operators of the Ever Given might move its containers onto other ships, according to a report. The ship is unable to deliver its goods until $1 billion in damages is paid to Egyptian
Nearly a decade after it was first mooted, the joint IATA-FIATA Air Cargo Progamme (IFACP – previously called CAMP), by which forwarders stopped being ‘agents’ of the airlines, has been quietly dropped, with carriers
Now travel time will reduce from 6 hours to just an hour NEW DELHI: Ministry of Ports, Shipping & Waterways (MoPSW) has accorded administrative approval for sanction of Rs 50.30 crore for developing all-weather
KOLKATA : Kolkata Port Trust has asked container lines to stop levying congestion surcharge of $800 per container on its customers as the improved depth at Kolkata Dock System (KDS) had rendered the extra
Bringing all the 12 ports under a holding company for listing makes the valuations even bigger, suggests a consultant MUMBAI : Two large mergers and acquisitions deals in the ports sector involving Adani Group
The World Bank has a new report out this week on decarbonising maritime transport in which it specifically recommends countries pull back from investing in further LNG bunkering infrastructure. WASHINGTON D.C. : The World
Two crews at the Danish shipping companies ’ESVAGT’ and ‘Maersk Tankers’ have today been put forward for a UN award for having displayed exceptional bravery at sea. The shipping companies have been put forward
MUMBAI : Brokerage firm CLSA has an ‘Outperform’ rating for Adani Ports. As per the brokerage, because of the Yangon container terminal (YCT) controversy the company has got reputational risks, such as its removal
Egypt seizes Ever Given with 25-member Indian crew, demands $900 million compensation The Suez Canal Authority said the amount was calculated on the basis of ‘losses incurred by the grounded vessel’ along with ‘flotation
EGYPT : Arrest procedures have been initiated against shipping vessel MV Ever Given, which had blocked Egypt’s Suez Canal and crippled world trade for nearly a week. The news was confirmed by a spokesperson
