February 14, 2024
March 19, 2026
February 13, 2024
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 up-to-date international maritime conventions to which
February 13, 2024
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 for corporate entities heavily involved in
February 13, 2024
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 Thursday, the American Apparel & Footwear
February 12, 2024
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 products and strong cost control helped
February 12, 2024
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 past. German rail operator Deutsche Bahn
February 12, 2024
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 traction. China International Marine Containers Group
February 12, 2024
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 shipments from different nearby countries and
February 12, 2024
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 important role in expanding the North
February 10, 2024