Baltimore accuses Dali owner and manager of negligence and recklessness
BALTIMORE : Baltimore City Council is seeking compensation from the owner and manager of the container ship M.V. Dali over the Francis Scott Key Bridge collapse. In papers
India delivers the fourth BrahMos missile battery to Philippines
NEW DELHI : Giving a huge fillip to defence exports, India has sent the fourth ‘battery’ of land version of BrahMos supersonic cruise missiles to the Philippines amidst growing
India will become fourth-largest economy by 2025 : IMF
WASHINTON D.C. : India’s nominal gross domestic product will likely outstrip Japan’s in 2025 to become the world’s fourth-largest economy, according to an International Monetary Fund estimate, a year earlier than
Hapag-Lloyd wins landmark tender for Zero-Emission Maritime Shipping
HAMBURG : The Zero Emission Maritime Buyers Alliance (ZEMBA) announced the successful completion of its first ever tender for sustainable ocean shipping, marking a significant step towards reducing
SEZ units exempt from IGST on certain services from DTA players : AAR ruling
NEW DELHI : Units operating within Special Economic Zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from
IMO’s maritime law institute celebrates 35 years of training success
LONDON : The IMO International Maritime Law Institute (IMO-IMLI) celebrated its 35th anniversary with testimonies from alumni and discussions about how to shape its future. IMO-IMLI was founded
‘Lvshui 01’-World’s first river-sea electric container ship sets sail
ZHEJIANG : Lvshui 01, the world’s first river-sea electric container ship, arrived at Shengdong Wharf of Yangshan Port in east China’s Zhejiang Province on Monday, setting new records
AD Ports Group secures a 20-Year agreement to operate and upgrade the existing Luanda Multipurpose P
ABU DHABI : AD Ports Group has signed several agreements with Unicargas and Multiparques securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port
First quarter of 2024, earnings down with cost measures intensified : Kuehne+Nagel
Kuehne+Nagel GroupCHF million Q1 2024 Q1 2023 Δ Net turnover 5,508 6,748 -18% Gross profit 2,076 2,394 -13% EBITDA 576 803 -28% EBIT 376 612 -39% Earnings 278
IBIA collaborates with BIMCO on fuel and maritime challenges
LONDON : IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities