PSA International announces financial results of 2023
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For
Mazagon Dock Shipbuilders to lease land parcel from Mumbai Port Authority for ₹354 crore
MUMBAI : State-run Mazagon Dock Shipbuilders Ltd (MDL) on Thursday (March 21) said the company will lease a land parcel measuring 14.55 acres from the Mumbai Port Authority
IMO agrees possible outline for maritime “net-zero framework
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This
Another Chinese missile tracking vessel in Indian Ocean Region as India issues new NOTAM
NEW DELHI : A Chinese satellite and missile tracking vessel is approaching the Indian Ocean, raising concerns in India, said Damien Symon, a geo-intelligence expert, on Friday. He
Houthis reportedly strike Deal with Russia, China for safe passage
YEMEN : Houthi rebels here—who have been attacking ships passing through the Red Sea in an apparent show of support for Hamas in the Israel-Hamas War—have reached a
IMO on track to adopt mid-term measures to cut emissions from ships
LONDON : IMO is advancing discussions on legally-binding ‘mid-term’ measures to help the maritime industry achieve net zero shipping, as set out in the 2023 IMO Strategy on the Reduction
Indian Navy plays important role in the Indian Ocean Region on anti-piracy missions to counter Somal
NEW DELHI : The Indian Navy is playing an important role as a security provider in the Indian Ocean Region, with repeated operations demonstrating its capabilities, particularly in
The future of global trade : UNCTAD announces first-ever Global Supply Chain Forum
GENEVA : In a world facing unprecedented challenges, the Global Supply Chain Forum (GSCF) 2024 is set to provide a crucial platform for leaders and experts to discuss the changing
DP World plants over 700 Trees in partnership with Goodyear
LONDON : DP World, a leading provider of global end-to-end supply chain solutions, has announced the successful planting of 702 trees as part of an ongoing decarbonisation project
Somali pirates’ creates crisis for global shipping companies as they return back
SOMALIA : As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned