Maersk announces updated surcharges worldwide
COPENHAGEN : Maersk will implement a Peak Season Surcharge (PSS) for shipments from India, Bangladesh and Sri Lanka to Bahrain for all dry containers starting 28 July 2024. Origin Destination Charge Basis Container Currency
Karan Adani reflects about Adani Ports’ interest in CONCOR
THIRUVANANTHAPURAM : Adani Ports Ltd. will be interested in the state-run Container Corporation of India (CONCOR) but at the right value, Managing Director Karan Adani said in an interaction. Adani spoke on the occasion of
Global demand for Ocean Container Shipping hits all-time high
OSLO : Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, according to data released by Xeneta and Container Trades Statistics. In
Emerging markets power 2024 container trade : Clarksons Report
LONDON : Trade from the Far East to a bloc of developing economies, especially South America, Africa and the Middle East/Indian Subcontinent, has risen dramatically and has emerged as a key driver of global
CONCOR Q1 total volumes rise 6% on strong domestic growth
NEW DELHI : State-owned Container Corporation of India Ltd (CONCOR) on Monday (July 8) reported updates for the first quarter of FY25, with total volumes rising by 6% year-on-year (YoY) to 11.59 lakh twenty-foot
MSC acquires ships from China, netting $48.5 million profit for BAL!
GENEVA : Mediterranean Shipping Company (MSC) has secured two 14,000 TEU container ships under construction at Jiangnan Shipyard for a total of $333 million. These vessels were originally ordered by China’s BAL Container Line
SFL secures new 5-year charters for four containerships
HAMILTON,BERMUDA : SFL Corporation Ltd. announced the agreement of new 5-year time charters for four 8,700 TEU container vessels, adding approximately $240 million to the company’s fixed rate charter backlog. The vessels, which have
Gujarat Pipavav Port’s total container volume down 17.08% in Q1, dry bulk volumes fall 18%
PIPAVAV : Gujarat Pipavav Port, on Thursday, announced a 17.08% year-on-year (YoY) decline in its container volumes for the first quarter of fiscal 2025 at 1.65 lakh twenty-foot equivalent units (TEUs). The company reported