OOCL expands fleet with introduction of 24,000 TEU mega vessel
SINGAPORE : Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL Valencia at the shipyard of Nantong COSCO
AD Ports Group and Red Sea Port Authority Initial 15-Year Concession Agreement to Boost Cruise Tourism in Egypt
CAIRO : AD Ports Group, a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to operate and manage three cruise terminals
Unmesh Sharad Wagh gets additional charge of Chairman, JNPA
MUMBAI : The Ministry of Ports, Shipping, and Waterways has given the additional charge of Chairman, Jawaharlal Nehru Port Authority, to Mr. Unmesh Sharad Wagh, a 2002 batch Indian Revenue Services (IRS) Officer. The previous Chairman, Sanjay
Nhava Sheva Port records high box volume in 2023
MUMBAI : Nhava Sheva Port (JNPA) ended 2023 on a strong note, with its annual container throughput reaching a new high. The port saw yearly containerised traffic rise 7% year-over-year to 6.3 million TEUs,
Tamil Nadu’s Integrated Logistics Plan is a Boon for the Logistics Sector : Aakanksha Bhatt, VP, Jassper Shipping
CHENNAI : Tamil Nadu is one of India’s most progressive and rapidly developing states, with a strong focus on infrastructural growth. Tamil Nadu has retained its top spot as an “achiever” state in the
REC join hands with Bank of Baroda to finance Power, Infrastructure and logistics projects
NEW DELHI : State-owned REC Ltd has inked an initial pact with Bank of Baroda to jointly offer loans for power, infrastructure and logistics projects in India over the next three years. By pooling
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
Facility to boost Kamarajar Port’s cargo handling capacity with unveiling of new cargo berth by Prime Minister
CHENNAI : In a major boost to the automobile sector, the cargo handling capacity at the Kamarajar Port increased by three million metric tonnes annually, with Prime Minister Shri Narendra Modi unveiling the Rs