India is reworking its Merchant Shipping Act
NEW DELHI : India is looking at reworking its merchant shipping laws as it replaces the existing eponymous Act of 1958. The new provisions will look to include
Suez Canal Crisis : Major shipping lines reroute, impacting Indian Trade
CAIRO : A recent report by credit ratings agency Ind-Ra highlights the substantial impact on freight and forwarding (F&F) costs, estimating a potential increase of 25-30 per cent
International Trade Groups call for Maritime Security in Red Sea
NEW YORK : More than 100 industry trade associations representing the apparel, retail, energy, agriculture, electronics and medicine sectors have formed a global coalition to safeguard Red Sea commerce. On
A.P. Moller – Maersk delivered solid 2023 financial results in a difficult environment
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered solid financial results for 2023 in line with our financial guidance for the year. While volumes were up across most
Maersk to look at DB Schenker acquisition
COPENHAGEN : Maersk could look at a potential acquisition of DB Schenker with greater synergies from such a deal than it believed would be the case in the
Hydrogen revenue jumps for world’s biggest maker of shipping containers
NEW DELHI : The world’s biggest manufacturer of shipping containers sees a surge in revenues from its hydrogen business, in a sign the clean fuel is starting to gain commercial
Maersk pilots Shanghai as new global gateway for LCL shipments
COPENHAGEN : Maersk pilots Shanghai as its new global gateway of Less-than-Container-Load (LCL) shipments. The Danish company described this initiative as a “groundbreaking milestone” in the industry for
COSCO SHIPPING Lines opens new office branch in Morocco
SHANGHAI : COSCO SHIPPING Lines has opened its new branch office, SARL, in Casablanca, Morocco. Diamond Line, a subsidiary of COSCO Shipping Lines (Europe) GmbH, will play an
A.P. Moller-Maersk is the first to secure SBTi validation with new maritime guidance
COPENHAGEN : The greenhouse gas emissions targets set by A.P. Moller-Maersk have received validation from the Science Based Targets initiative (SBTi), aligning them with the 1.5-degree pathway outlined
Red Sea crisis reflects on India Inc’s Q3 show
NEW DELHI : Indian companies are beginning to report early signs of the Israel-Hamas conflict’s impact on business operations, limited to those with exposures to either commodity supplies