Egyptian court rejects appeal for Ever Given’s release
EGYPT : The Suez Canal Authority (SCA) is persistent in its request for $916 million to be paid for the costs caused by the boxship’s blockage of the canal. A court in Egypt has
A.P. Moller – Maersk reports strong performance in Q1 2021 with record profit
COPENHAGEN : A.P. Moller – Maersk had an exceptionally strong start to the year, with strong earnings and growth momentum across all our businesses in ocean, port services and logistics. The company benefitted from
J M BAXI GROUP’s initiative to support India’s Oxygen Cylinder demand
MUMBAI : While India is battling the resurgence of the COVID-19 pandemic, the shortage of medical oxygen has turned into a major crisis. Countries, organisations, individuals, and governments & private firms are working day
UNICEF, with support from DP World, sends critical supplies to help fight COVID-19 surge in India
NEW YORK/COPENHAGEN/DUBAI : UNICEF has sent additional critical lifesaving supplies to India, including 2 million face shields and 200,000 surgical masks. Thanks to end-to-end logistics support from DP World, the equipment was dispatched from UNICEF’s warehouse in Dubai to New Delhi to help India battle a
FIEO welcomes RBI’s decision to extend easy credit, expanding the health infrastructure and boosting economy
NEW DELHI : Mr Sharad Kumar Saraf, President, FIEO reacting to the measures announced by the Reserve Bank of India, due to the ongoing second wave of the Covid-19 pandemic, including term liquidity facility
MANSA lauds Mumbai Port’s Indira Container Terminal for introducing vessel berthing facility at night
MUMBAI : Maritime Association of Nationwide Shipping Agencies (MANSA) has lauded Mumbai Port and its Indira Container Terminal Pvt Ltd’s (ICTPL) initiative to introduce a vessel berthing facility at night at the offshore container
Adani Ports’ acquisition of Gangavaram Port hits stumbling block
VISAKHAPATNAM : Gangavaram Port promoters fear ties with Myanmar military could hurt Adani Ports valuations; want cash for half their stake instead of shares in Adani Ports. The promoters of Gangavaram Port Ltd are
Port of New York and New Jersey welcomes MSC Virgo
NEW YORK : 15,000 TEUs-capacity containership is the largest vessel to call on the Port Newark Container Terminal, thanks to the recent port improvements. The Port of New York and New Jersey hit a milestone
Columbia Shipmanagement sets up Norwegian joint venture with Seatrans
NORWAY : Columbia Shipmanagement (CSM) has entered into a strategic partnership with Norwegian shipowner and operator Seatrans to establish a joint venture company that will operate out of Seatrans’ offices in Bergen, Norway from
Speedy Oxygen transportation a logistics challenge in India : Not enough specialised trucks for oxygen supplies
BANGALORE : With large parts of the country literally gasping for breath in the Covid crisis, supply of oxygen remains the biggest challenge. The problem can be traced to a shortfall of the right