India building 7,200 km transport corridor to counter China’s BRI
NEW DELHI : The 7,200 km long International North South Transport Corridor (INSTC) connecting India and Russia is now rapidly coming to life after remaining a slow starter
Container shipping under pressure globally due to high interest rates : S&P Global Commodity In
SINGAPORE : Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says
Seized tanker ‘Advantage Sweet’ remains in Iranian waters
TEHRAN : Iran’s army has seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, state media
MSC enhances connections between Africa, Middle East and India
GENEVA : As part of MSC‘s ongoing commitment to enhancing services between Africa, the Middle East and India, they are pleased to announce the following updates to India
Maersk to mark the launch of greener vessel
COPENHAGEN : To celebrate the world’s first container vessel sailing on green methanol, AP Moller-Maersk has announced that it will host a week of festivities on 18-21 September
CMA CGM announces Overweight Surcharge update from Asia and India East Coast to Nigeria
MARSEILLE : CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria effective 28 April. The French ocean carrier will implement a
Container freight rate slide on larger Indian trades slows amid contract negotiations
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On
PIL receives “Container Ship Owner of the Year” accolade
SINGAPORE : PIL is honoured to be given the inaugural “Container Ship Owner of the Year” award at the 17th ShipTek International Maritime Awards 2023 ceremony held in
Future shipping fuels include LNG, Hydrogen & Amonia as Shipping has relied on One Fuel for lon
COPENHAGEN : International shipping is a classic ‘hard to abate’ sector. Container ships, bulk carriers of ore, fuel, and grain, and large passenger vehicles are expensive to build,
Hapag-Lloyd opens new office in Romania
HAMBURG : Hapag-Lloyd opens a new office in Romania. Bordering five European countries and with direct access to the Black Sea, Romania is an attractive growth market for