Container prices double, leasing rates triple in China
BEIJING : The average container prices in China have reached their highest in two years, at US$3,600 this week for 40 ft high cube cargo-worthy containers in China.These
MoPSW may back green transition of inland vessels, tugboats with ₹15,000 cr VGF
NEW DELHI : The Shipping Ministry is preparing a ₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next
JSW Infra arm JSW Port Logistics to acquire majority stake in Navkar Corporation
MUMBAI : Sajjan Jindal-led JSW Infrastructure, the second largest private commercial port operator in India, has acquired a 70.37 per cent stake in BSE-listed Navkar Corporation, a logistics
Chabahar Port sees 6x container traffic growth in FY24, more investments on cards
NEW DELHI : India funded Chabahar Port in Iran has seen a 600 per cent increase in container traffic y-o-y in FY24, with the terminal handling 64,245 TEUs
INS Tabar arrives Alexandria
NEW DELHI : As part of her ongoing deployment to Africa and Europe, Indian Navy’s frontline frigate, INS Tabar, arrived at the historic Port City of Alexandria, Egypt
Ports join hands in building sustainable shipping corridor
LOS ANGELES : Two large COSCO cargo ships filled with containers were anchored at the bustling Port of Long Beach, south of downtown Los Angeles, standing out prominently
AD Ports Group & Saif Powertec cooperate on port projects in Bangladesh
MONGLA : AD Ports Group and Saif Powertec Ltd. have signed a Memorandum of Understanding (MoU) to potentially cooperate on operational projects and projects under development in various
DPA Kandla meets handling agents and importers of coal and coke
GANDHIDHAM : Shri Rajneesh Agarwal, CCM FM; Shri Narender Panwar, CFTM, Western Railways; and Shri Nandeesh Shukla, Deputy Chairperson-DPA, convened a significant meeting with the handling agents and
Merchant Navy Welfare Board (India) celebrates Day of the Seafarer across Indian Ports and Seafaring
MUMBAI : The Merchant Navy Welfare Board (India), a leading organization dedicated to the welfare of seafarers, proudly celebrated the Day of the Seafarer at various Indian ports
First commercial electric cargo handlers operate at Port of Los Angeles
LOS ANGELES : The Port of Los Angeles has achieved another significant milestone in its journey towards becoming a zero-emission (ZE) port by deploying the first commercially available