Chennai Port signs MoUs worth ₹9,000 crore ahead of Maritime Summit
CHENNAI : Chennai Port signed memoranda of understanding (MoUs) with several companies on Wednesday ahead of the third edition of the ‘Global Maritime India Summit 2023’, which is
Vizhinjam Port in Kerala and its potential in India’s maritime trade
THIRUVANANTHAPURAM : With the docking of the first ship on Sunday, the under-construction Vizhinjam International Seaport, the country’s first deepwater container transshipment terminal, near Thiruvananthapuram in Kerala will
Israel-Hamas war: Impact on shipping and port operations, potential risks
The conflict in Israel after attacks by Islamist group Hamas on towns close to Gaza has caused great concerns in the global community, while the impact on various
Ong Kim Pong appoints as the new CEO of PSA
SINGAPORE : PSA International is getting a new Chief Executive Officer next year with the appointment of Ong Kim Pong. In line with succession plans, Ong Kim Pong
DP World raises $1.5 billion for decarbonization
DUBAI : Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing
John-Kaare Aune to leave the Wallem Group, John Rowley appointed as next CEO
HONG KONG : The Board of Directors of Wallem Group on Thursday announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period
IFSC regime gains traction among ship owners
GANDHINAGAR : A new tax-friendly regime to boost India’s shipping tonnage is gaining traction in a short span with the Ripley Group, Bothra Group, Star Matrix, Alphard Maritime
Ports & Terminals : Investor sentiment down
LONDON : Sticky inflation and elevated interest rates had a detrimental impact on investor sentiment. In 3Q23, the S&P Index declined 3.6%, mirroring the broader concerns in the
DNV awards AiP for Hanwha Ocean’s new 270K LNG carrier design
NORWAY : Classification society DNV presented Hanwha Ocean with an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier. The design maximizes cargo capacity while optimizing vessel
Rotterdam and Oslo Cities signs MoU for New Green Corridor
ROTTERDAM : A Memorandum of Understanding (MoU) has been signed by the City of Rotterdam and the City of Oslo to create a new Green Corridor for short