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November 15, 2023

Foreign ships to have a tough time in ‘Amrit Kaal Vision 2047’ for Maritime

Trending News, Global Trade, International Shipping, Logistics, Maritime, Shipping, Shipping Line, Trade
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies
November 15, 2023

Greek owner to sell all container ships, spend $3B on LNG tankers

International Shipping, Company, LNG, Maritime, Shipping Line, Trending News
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which is the best segment to own?
November 15, 2023

Canada’s Davie Shipbuilding acquires assets of Helsinki Shipyard

Ship Building, International Shipping, Maritime, Ship Repair, Trending News
LEVIS : Davie Shipbuilding, Canada’s largest shipbuilder and partner in the country’s National Shipbuilding Strategy, has successfully completed the acquisition of assets belonging to Finland’s Helsinki Shipyard Oy, the world’s leading builder of icebreakers
November 14, 2023

DP World gradually restarting operations around its Australian Ports after cyber-attack

International Shipping, Company, Foreign Ports, Logistics, Maritime, Trade, Trending News
SYDNEY : Australia’s biggest ports operator, DP World Australia which has been the target of a cyber-attack, has begun gradually restarting its operations, but key exports could be subject to prolonged delays. DP World
November 14, 2023

US-Adani deal for Sri Lanka port heats up race with China

International Shipping, Foreign Ports, Infrastructure, Maritime, Trending News
NEW DELHI : The US International Development Finance Corporation’s (DFC) announcement of a $553 million investment in the West Container Terminal of Colombo port was not unexpected.The said port is being built by a
November 14, 2023

Europort 2023 to leave lasting impression of maritime and offshore industries in transition

International Shipping, Foreign Ports, Maritime, Technology, Trending News
ROTTERDAM : As the curtains fall on Europort 2023, memories linger of an event that saw stakeholders from across the maritime world connect on the key themes of energy transition and digitalisation, as well
November 14, 2023

DMC presents completely redesigned Optima nozzle at Europort 2023

International Shipping, Foreign Ports, Maritime, Trending News
ROTTERDAM : Rudder and steering systems specialist DMC launched the new and improved Optima nozzle at Europort 2023 in Rotterdam last Thursday. The original Optima was introduced in 1998 and quickly developed into the
November 14, 2023

Dry Bulk Market – Positive Momentum in all Classes : Baltic Exchange

International Shipping, Maritime, Shipping Line, Trending News
LONDON : The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase
November 13, 2023

Maersk India to Europe ME7 service port change announcement

International Shipping, Logistics, Ports, Shipping Line, Trade, Trending News
MUMBAI : A.P. Moller – Maersk, is constantly reviewing its offering and making adjustments for the benefit of its customers and their supply chains. As such, they have reviewed ME7 Service and will be
November 13, 2023

Shipping giant CMA CGM reports drop in quarterly profit, better volumes

International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : CMA CGM on Friday informed about its profit fell in the third quarter as a COVID-era boom in shipping continued to fade, but its volumes picked up as a destocking trend in
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