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
Carriers and forwarders to lose mark-up on THC collection in Dubai
JEBEL ALI : Container lines serving Middle East trades are facing the prospect of losing a major source of their income from mark-ups or margins on ancillary collections.
Cost of container shipping to Chabahar Port reduced significantly
CHABAHAR : Referring to the establishment of direct container shipping lines from Chabahar Port in southeastern Iran to the ports of Nhava Sheva in India, and Taixing, Zhuhai
Zhen Hua 15, from China to be first cargo vessel to dock at Vizhinjam Port
THIRUVANANTHAPURAM : Zhen Hua 15, the first ship to the new Vizhinjam Port being developed by Adani Ports in Thiruvananthapuram, will reach the International Seaport in Kerala by
Maersk says port operations in Israel working normally
HAIFA : Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal despite a violent conflict with Hamas militants and it continues to
CMA CGM unveils “Port Liberty”
MARSEILLE : The CMA CGM Group has unveiled the investment and business strategy for its recently acquired Global Container Terminals (GCT) in Bayonne and New York Ports as part of the Group’s
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
Blue economy playing big role in driving India’s growth story : Sonowal
NEW DELHI : Union Minister of Ports, Shipping, and Waterways and AYUSH, Shri Sarbananda Sonowal, said the upcoming Global Maritime India Summit in Mumbai offers investment opportunities exceeding