Rupee depreciation shows cracks in economy
NEW DELHI : The fall of the rupee against the US dollar has been accentuated in the recent months with visible cracks in some key economic indicators. The local currency is within kissing distance
Gokaldas defers Bangladesh Apparel Unit plan as unrest lingers
BENGALURU : Textile and garments player Gokaldas Exports recently said that the company had been anticipating ‘problems’ in Bangladesh, and has thus not been creating capacities given concerns over security and the business environment.
MSC restarts Far East-Australasia Service as rates head north
GENEVA : As Far East-Australia rates have been going up, Mediterranean Shipping Company willrelaunch the North Asia-ANZ Wallaby Service. The service connects Hong Kong, Yantian, Xiamen, Shanghai, Ningbo, Sydney, Melbourne,Auckland, Bluff, Lyttelton, Wellington, Napier, Tauranga, Melbourne,
APM Terminals Callao reports 15% year-over-year import surge
PERU : APM Terminals Callao in Peru in the first half of the year, experienced a notable increase in the volumes of a diverse range of products, including wheat, corn, steel coils, and heavy
ZIM reports improved revenues of $1.93 billion in Q2 2024
HAIFA : ZIM Integrated Shipping Services Ltd. (ZIM) has reported its consolidated results for the three and six months of the year. In the second quarter, net income was $373 million, compared to a
Marlink upgrades hybrid network for Solstad Offshore with flexible Starlink LEO fleet agreement
OSLO : Marlink, the leading managed services provider of business-critical ICT solutions, has extended its Sealink NextGen solution for Solstad Offshore to include a flexible fleet agreement for Starlink LEO services. This will increase
Wind-assisted ship propulsion nears tipping point for rapid adoption
LONDON : The application of wind-assisted propulsion systems (WAPS) across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, but the lack of standardisation for verifying fuel
Crewless Ships – the Possibilities Take Shape
HAMBURG : Talk show moderator Christina Prieser, Associate Partner at HPC, delved deeply into the future world of water-borne logistics together with three experts: Ørnulf Jan Rødseth, General Manager, Norwegian Forum for Autonomous Ships
Sarbananda Sonowal makes this year’s Rakshabandhan special for ministry employees
NEW DELHI : On the occasion of ‘Raksha Bandhan,’ the employees in the office of the Ministry of Ports, Shipping & Waterways were in for a pleasant surprise when the Union Minister Shri Sarbananda
JNPT Container Operators Association defers the voluntary stoppage of work to 9th Sept 2024 from today
MUMBAI : The JNPT Container Operators Association had announced a voluntary suspension of their operations beginning today on 20th August 2024. This decision came in response to the ongoing challenges faced by operators at