CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia
COSCO SHIPPING and bp signs strategic partnership agreement
SHANGHAI : Chinese shipping giant COSCO SHIPPING and British multinational oil and gas company bp signed a Memorandum of Understanding (MoU) for strategic cooperation in Shanghai on Tuesday,
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and
89th WCO Policy Commission session held in Venice
VENICE : At the kind invitation of the Government of Italy, the World Customs Organization’s (WCO) Policy Commission held its 89th Session in Venice, from 5 to 7 December
Sarbananda Sonowal informs Rajya Sabha on Growth in Shipbuilding industry in the country
NEW DELHI : To promote “Make in India“ policy and to support shipbuilding industry in India, Ministry has brought in Shipbuilding Financial Assistance Policy (SBFAP) scheme for Indian
16 countries onboard to be partners for Vibrant Gujarat Global Summit 2024
GANDHINAGAR : As many as 16 countries and 14 organisations have so far confirmed to be partners for the upcoming 10th edition of Vibrant Gujarat Global Summit 2024
Board Meeting of Adani Ports’ on December 12, to consider raising funds
AHMEDABAD : Adani Ports and Special Economic Zone on Wednesday said its board will meet on December 12 to consider a proposal to raise funds through the issue
Vizhinjam International Seaport successfully unloads 10 container handling cranes
THIRUVANANTHPURAM : Marking a significant step towards port operation, the Vizhinjam International Seaport in Kerala has taken delivery of 10 giant cranes, comprising eight yard cranes and two ship-to-shore
VOC Port’s Rs 7056 Cr outer harbour box terminal gets PPPAC nod
THOOTHUKUDI : Union Government-owned V O Chidambaranar Port Authority located in Tamil Nadu’s Thoothukudi district has secured backing from the Public-Private-Partnership Appraisal Committee (PPPAC) to build a 4
2,826 kg of drugs seized at ports, in coastal waters this year
NEW DELHI : Narcotics hauls and drug busts across India’s ports and coastal waters have led to seizure of 2,826 kg of banned substances so far in 2023.