CMA CGM updates rates from Middle East Gulf to North Europe, Med and North Africa
MARSEILLE : CMA CGM announced new Freight All Kinds (FAK) rates effective from 12 July (loading date at origin ports) until further notice. These new FAK rates apply to dry cargo originating from the
Singapore Port congestion shows global impact of Red Sea attacks
SINGAPORE : Congestion at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping, with bottlenecks
Shipping companies review schedules as another strike paralyzes the terminal in Wilhelmshaven
WILHELMSHAVEN : Maersk is reviewing vessel line-ups and schedules at the Wilhemshaven Terminal in Germany after Trade Union ver.di initiated another round of warning strikes. And a date has been announced for the next roundContainer 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 prices were somewhere around US$1,700 in
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 10 years, said two persons aware
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 firm, for Rs 1,012 crore. According
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 (twenty equivalent units), data from India’s
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 for a goodwill visit from 27 to