Russia builds new Asia trade routes to weaken sanctions over war
MOSCOW : Russia is pressing ahead with the construction of two new transport corridors linking Asia and Europe, seeking to weaken sanctions over its war in Ukraine at the same time as Middle East
Red Sea disruption pushing up container values and rates
Container values have risen significantly across almost all sectors and age categories since the start of the year. Following an extended period of declines, where values fell steadily for this sector after reaching a
Mawani announces a new shipping service by OOCL to Jubail Commercial Port
RIYADH : The Saudi Ports Authority “Mawani” has announced the addition of a new maritime shipping service by Orient Overseas Container Line (OOCL) to Jubail Commercial Port. This move is set to enhance the
Singapore retains maritime city top spot
SINGAPORE : The DNV and Menon Economics Leading Maritime Cities report saw only one change in the top five with Oslo replacing Tokyo in fifth position. The findings of the report were presented at
GTMaritime facilitates to prepare for IACS unified requirements E26 and E27 on cyber resilience
WARRINGTON : At a time when rapid advancements in maritime connectivity and shipboard technology are leaving vessel networks increasingly vulnerable to attack, the International Association of Classification Societies’ (IACS) unified requirements (URs) E26 and
Indian Govt issues fresh guidelines to protect ship movement in the Persian Gulf
NEW DELHI : The Indian government has put the country’s Navy on high alert to respond quickly to calls of distress from ships, both Indian and foreign flag carriers, moving through the strife-torn Persian
Major GST relief for Foreign Airlines, Shipping Lines on cards after elections
NEW DELHI : The government is working on easing the ‘related party transaction’ clause under the Goods and Services Tax (GST) , for foreign companies in India. This is likely to happen within 100
CONCOR and PSA MESA signs MoU
NEW DELHI : Container Corporation of India (CONCOR) and PSA have signed an MoU on 18th April 2024, to explore collaboration in offering seamless and cost-effective end-to-end logistics service to customers. CONCOR is a