Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Iran seizes ‘Purity’-an oil tanker, US boosting military presence
TEHRAN : Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats
Asian waters see rise in sea robbery and piracy
SINGAPORE : The Asian waters saw a 15% increase in piracy and sea robbery until April, in the first four months of this year, compared to the same
Sudhansh Pant, IAS, Secretary, MoPSW visits DPA, Kandla
GANDHIDHAM : Shri Sudhansh Pant, IAS, Secretary, Ministry of Ports, Shipping & Waterways, Government of India visited Operational Area of Deendayal Port Authority, Kandla on Saturday,13.05.2023. During his
Cochin Port has bagged the Sagar Shreshtha Sammaan Award 2023
KOCHI : The Ministry of Ports, Shipping and Waterways honoured the Cochin Port Authority (CPA) with the Sagar Shreshtha Sammaan for the best turnaround time in non-container category during 2022-23. Minister for
SMP Kolkata augments transloading capability
KOLKATA : Syama Prasad Mookherjee Port, erstwhile known as Kolkata Port, successfully carried out lighterage activity on two capesize vessels simultaneously at Sagar Islands, marking a significant milestone
IMU Visakhapatnam likely to get two dredger simulators with Rs. 20 cr
VISAKHAPATNAM : Indian Maritime University-Visakhapatnam, Dredging Corporation of India, and Sagarmala are likely to float a special purpose vehicle to install two dredger simulators at IMU campus in
Great Eastern Shipping net profit up 282 % at Rs721.94 cr for Jan-Mar quarter
MUMBAI : The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier by fleet size and revenues, said its January-March 2023 net profit soared 282 percent to
JSW Infrastructure to invest Rs 152 Cr to increase container capacity at NMPT
MUMBAI : JSW Infrastructure will invest Rs 152 crore for the expansion of its container capacity at New Mangalore Port Trust, according to sources. In June 2022, the
Cisco to set up India manufacturing unit; eyes $1bn from production, exports
NEW DELHI : Cisco, the US-based tech conglomerate, on Wednesday said it will set up a manufacturing plant in India, work on which is expected to be completed