March 1, 2024
May 8, 2026
February 29, 2024
APM Terminals invests US$1 million in electric vehicle fleet upgrade
LOS ANGELES : APM Terminals has announced a significant advancement in its terminal operations fleet by transitioning to electric vehicles (EVs). With an investment of nearly US$1 million, the terminal has replaced 28 internal
February 29, 2024
Adani New Industries’ Green Hydrogen unit targets US$3 billion funding boost for expansion
AHMEDABAD : Adani New Industries (ANIL) is actively engaged in discussions to secure up to US$3 billion in funding, earmarked for capital expenditure to bolster its presence in India’s burgeoning green hydrogen sector. The
February 29, 2024
India says Red Sea attacks add urgency to Middle East trade route
ABU DHABI : The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India to Europe, India’s ambassador to the United Arab Emirates said. India has taken
February 29, 2024
New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of
February 29, 2024
Red Sea crisis hurt global trade volumes: WTO DG
ABU DHABI : The crisis in the Red Sea, one of the world’s busiest trade corridors, hit global merchandise trade volumes in 2023, according to Ngozi Okonjo-Iweala, Director-General, World Trade Organization (WTO). These disruptions,
February 29, 2024
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
February 29, 2024
FMC adds Chinese Shipping Company to Controlled Carrier list
WASHINGTON D.C. : The Federal Maritime Commission, the independent federal agency responsible for ensuring a competitive and reliable international ocean transportation system, has designated Hede (HONGKONG) International Shipping Limited, a company associated with the government
February 28, 2024
CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032
SHANGHAI : On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum of Understanding, extending the operational cooperation of the
February 28, 2024