It may be stormy 2024 as shipping lines plan freight increases : Xeneta
HAMBURG : Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024. Oslo-based Xeneta has carried
Adani Group may tie-up with MSC to develop major regional transhipment hub at Vizhinjam Internationa
MUMBAI : Adani Group – India’s leading private port operator is attempting partnering with major container carriers to boost volumes, at the recently inaugurated Vizhinjam International Seaport, a
MSC updates regarding the situation in Isreal
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. Currently,
NYK launches sixth LNG-fueled Pure Car and Truck Carrier
TOKYO : NYK’s sixth LNG-fueled pure car and truck carrier (PCTC), Sumire Leader, has started its transportation service for Mazda Motor Corporation (Headquarters: Aki District, Hiroshima Prefecture; Representative
Evergreen line declares force majeure on Israel shipment -customer note
TAIWAN : Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli Port of Ashdod, with its Ever Cozy vessel diverted to Haifa
ONE boosts India West Coast-Middle East connection
SINGAPORE : Ocean Network Express (ONE) has announced the launch of its new Southeast Asia to India and Gulf (SIG) connection. This new service aims to bolster the
MSC tops in ship recycling and purchases
GENEVA : Mediterranean Shipping Company (MSC) is leading the way both in ship demolitions and ship purchases. Cash buyers said that MSC has scrapped 15 vessels so far
Hapag-Lloyd and Norsul to launch new joint venture company for cabotage business in Brazil
HAMBURG : Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul have set up a new joint venture called “Norcoast”. Based on a 50-50 partnership, Norcoast envisages
ClassNK issues approval in principle (AiP) for hydrogen-fueled vessel
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd. (MOL), MOL
Adani Ports going to invest ₹20,000 Cr in Vizhinjam Port by 2030 : Karan Adani
THIRUVANANTHAPURAM : Adani Ports will invest ₹20,000 crore in Kerala’s Vizhinjam Transhipment Terminal by 2030, MD and CEO Mr. Karan Adani said on a day the upcoming transhipment terminal