AD Ports Group reports strong operational and skyrocket profit
ABU DHABI : AD Ports Group (ADX: ADPORTS) released its 2022 Integrated Annual Report with the Abu Dhabi Securities Exchange (ADX). After a successful year that included a
DP WORLD expands offering at BERBERA Port with new Edible Oil Terminal
New facility will be a game changer in the Horn of Africa, reducing logistics costs for a key commodity and creating vital local jobs BERBERA : DP World
Jeddah Islamic Port boosts Decarbonization Drive
RIYADH : The Saudi Ports Authority (Mawani) has announced cutbacks in crane activity and truck turnaround times at Jeddah Islamic Port in line with its annual target of
ZIM quits Pacific Southwest lane again as ZEX service axed
HAIFA : ZIM will withdraw its eCommerce Xpress (ZEX) service at the end of this month. which was launched during the peak of the freight market in 2020.
ONE announces completion of acquisition by Poseidon Acquisition Corp
SINGAPORE : Ocean Network Express Pte. Ltd. together with the partners forming Poseidon Acquisition Corp. (“Poseidon”) has jointly announced with Atlas Corp. (“Atlas”) the closing of the previously
Georgia Ports invests US$170 million in new hybrid yard cranes
SAVANNAH : The Georgia Ports Authority (GPA) has decided to spend US$170 million on 55 hybrid-engine rubber-tired gantry cranes to equip the Port of Savannah‘s Ocean Terminal during
Wind-assistance can drive profitable and sustainable shipping
LONDON : Maritime’s singular focus on alternative fuels ignores a source of free renewable energy that has powered maritime trade for millennia. “Shipping is seeking to reduce costs
IMO CARES project enters next phase
LONDON : The International Maritime Organization (IMO)’s IMO CARES project funding boost from Saudi Arabia enables move to full implementation phase. The IMO CARES project has completed a year-long foundation
Central Govt is working to reduce logistics cost to GDP to 7.5% in 5 years: Amit Shah
NEW DELHI : The government is working to bring down logistics cost to GDP to 7.5 per cent from the current 13 per cent, Union Home Minister Shri
MoPSW brief on Maritime Trade with Iran, Israel And Egypt
NEW DELHI : Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Rajya Sabha informed that, various steps have been taken
