CAIRO,(Reuters) – A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese
NEW DELHI : Indian seaborne iron ore exports increased by 47% in March to 6.6m tonnes, the highest monthly total on record, Braemar ACM data shows. The majority of cargoes headed to China, with
BEIJING : After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner industry could double that in Q1 this year. Cosco Shipping told analysts last
NEW DELHI : Eyeing indigenous production of containers amid a global surge in demand, the Centre is looking to develop Bhavnagar in Gujarat as a container hub and has set up pilot projects for
YES Bank has claimed Rs 173 crore, while IDFC First Bank has claimed Rs 121 crore, as per the company’s latest filings.The order is based on a payment default to MOL TOYOFUJI Automotive Logistics,
NEW DELHI : Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall in cargo handling to 672.60 million tonnes (MT) in the just-concluded financial year, according to
HAMBURG : Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market
IRAN : Even though the Trump administration gave India the ‘Afghanistan reconstruction’ exception from its punitive Iranian sanctions, India largely stopped work on the project until late 2020. After a brief halt, India accelerated
NEW YORK : Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean transportation supply chain system and possible Shipping Act violations by
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S. LOS ANGELES :
