WTO forecasts rebound in Global Trade in 2024
GENEVA : Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by high energy prices and related inflation,
CMA CGM announces new PSS in Gambia
MARSEILLE : CMA CGM has announced the following Peak Season Surcharge (PSS) implementation in Gambia, which will take effect on 15 April for all shipments and on 10
Maersk employees innovate a system to deliver fresh water from Maersk’s vessels to Ports
SALALAH : The pioneering project optimises an existing fresh water generation system onboard container vessels to further store and deliver it in tank containers to ports and regions
US Navy shot down Houthi missile attacked on Maersk ship
WASHINGTON : United States forces have shot down an anti-ship ballistic missile that Houthi rebels allegedly fired at a Maersk ship in the Gulf of Aden. The US-flagged
US container imports remain stable, with several potential global challenges to be seen
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced
Port of Klaipeda makes history with inaugural ship-to-ship LNG bunkering operation
LITHUANIA : The Port of Klaipeda achieved a historic milestone with the successful completion of its first ship-to-ship LNG bunkering operation. On 9 April, the LNG tanker “Avenir
ClassNK awards approval in principle (AiP) for methanol fuel supply system developed by Mitsui E&
TOKYO : ClassNK has awarded an approval in principle (AiP) for a methanol fuel supply system developed by Mitsui E&S Shipbuilding Co., Ltd. Methanol is considered one of the
‘If you want to see the future, come to India’: US envoy Eric Garcetti
NEW DELHI : US Ambassador to India Eric Garcetti said if anyone wants to see the future they should come to India. Speaking at an event, Garcetti lauded
Former SpiceJet Chief launches private charter carrier Sirius India Airlines
NEW DELHI : Former SpiceJet Chief Mr. Arun Kashyap has launched Sirius India Airlines, a private charter carrier aimed at catering to the upscale travel market. Kashyap, who
Tesla plans to set up EV manufacturing arm with Reliance in India
NEW DELHI : Tesla may be scouting for a local partner to set up its operations in India. Highly placed sources say the US electric vehicles major is in talks with Reliance