BIMCO: Containerships hit their highest average age to date
COPENHAGEN : Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping
Hapag Lloyd expects three tough years for shipping industry
BERLIN : The head of German shipping firm Hapag Lloyd, Mr. Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is
CONCOR gains on 26.13% growth in Q2 domestic volumes
NEW DELHI : The Container Corporation of India (CONCOR) announced a 26.13 percent year-on-year growth in domestic volumes in the September quarter current financial year. According to a regulatory filing,
Iran launches 1st refrigerated container ship to export Horticultural Products overseas
TEHRAN : The refrigerated container ship was launched in Iran for the first time to export horticultural products to other countries, the CEO of Caspian Sea Shipping Company
CONCOR announces Sanjay Swarup as new CMD
NEW DELHI : Shri Sanjay Swarup appointed as the new Chairman and Managing Director of Container Corporation of India (CONCOR). This announcement follows the recent Annual General Meeting
Chinese ports exceed 200 million TEUs in 2023 so far, Shanghai and Ningbo remain on top
BEIJING : Container volume at China ports rose by 4.8% in the January-August period, compared to the same months last year. The container throughput of Chinese ports was
India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher
Construction starts on COSCO’s 2nd 700 TEU electric containership
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony
Govt unlikely to invite EoIs for CONCOR before July as internal processes still pending
NEW DELHI : The Centre is unlikely to invite Expression of Interest (EoIs) in Container Corporation of India (CONCOR) until the next quarter, multiple sources aware of the
Evergreen’s new terminal in Kaohsiung to boost container volumes
KAOHSIUNG : Taiwan International Ports Corporation (TIPC) Chairman Lee Hsien-yi stated on 5 May that the newly built No. 7 terminal in Taiwan’s Kaohisung port is the country’s