Cochin Shipyard Q4 : Execution challenges, shares tumble 10% on weak performance
KOCHI : Cochin Shipyard’s consolidated revenue declined 50 percent year on year to Rs 600 crore, as it declared losses of Rs 64 crore on an operating level.
Garden Reach Shipbuilders and Engineers launches ‘GAINS 2023’ to leverage India’s start-up eco
KOLKATA : Garden Reach Shipbuilders and Engineers (GRSE) Ltd, one of India’s premier defence shipyards and a Category 1 Mini Ratna Company, has embarked on a mission to
Shipping lines beat IMO carbon target
TAIPEI : Taiwan’s two largest shipping carriers have reduced their carbon emissions by 40 percent, seven years ahead of a goal set by the International Maritime Organization (IMO),
Container shipping under pressure as peak season hopes dim
LONDON : One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the
Wan Hai adds Colombo call in ‘AA7 Service’
TAIPEI : Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 TEUs Wan
ONE is going to open new office in Ireland
SINGAPORE : Ocean Network Express (ONE) opens its first wholly owned Irish office, Ocean Network Express (Europe) Ltd, Ireland Branch on 1 June 2023. United Liner Agency Ltd
Two new shipping services calling at Moín Container Terminal in May
COSTA RICA : Costa Rica welcomed two new shipping services at the Moín Container Terminal (TCM) in May. More specifically, the first call of the Venezuela Line (VEL)
China’s weekly export container shipping index down
BEIJING : China’s index of export container transport declined in the week ending on May 19, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index
ChatGPT to Disrupt Maritime IT/OT Security
SAN FRANCISCO : The maritime industry should be concerned by the release of ChatGPT, an AI chatbot. This generative AI tool can be used to accelerate the execution,
IMO : Developing port security expertise in Malaysia
PORT KLANG : Planning, conducting and assessing security drills and exercises are crucial to ensure maritime security. An Advanced Drills and Exercises Workshop in Port Klang, Malaysia (15-19 May) has been
