MSC makes $700m Gram Car Carriers takeover bid
GENEVA : The board of Gram Car Carriers (GCC) have unanimously recommended to shareholders a takeover bid from MSC through its subsidiary SAS Shipping Agencies. SAS has put
ClassNK releases route correction factors calculation tool ‘WACDAS’- supporting containe
TOKYO : ClassNK has released a new tool, ‘WACDAS (WAve Climate Data Aggregation for Ships)’, for calculating the route correction factors essential for ensuring the safety of container
As Iran-Israel conflict intensifies, India Inc feels the heat
NEW DELHI : Iran-backed Hezbollah has launched a barrage of rockets at an Israeli army headquarters days after Tehran made a “maximum level response” warning to Israel. Iran
India’s Major Ports’ see 4.45 % cargo volume growth in FY24 : IPA
NEW DELHI : India’s 12 major ports handled 819.227 million tonnes (mt) of cargo in FY24, some 4.45 percent more than the 784.305 mt handled during last year on
Shipping industry urges UN to protect vessels after Iran seizure
LONDON : Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect
Major container lines jointly launch Asia – East Coast South America service
SINGAPORE : Five of the leading ocean carriers are cooperating to introduce a new service connecting important ports in Asia with the East Coast of South America. In
Stormy weather disrupts Middle East supply chains network
DUBAI : Unusual weather across the Persian Gulf region have sparked serious concerns for ocean and air freight stakeholders, dealing another blow to supply chains already caught up
PIL posts US$277.6 million earnings for FY2023, expects to stay profitable in FY2024
SINGAPORE : Container carrier Pacific International Lines (PIL) posted US$277.6 million in net profit for FY2023 – about 10 per cent of its FY2022 earnings of US$3 billion
Maersk enhances ME2 Service between India and North Europe
MUMBAI : Maersk announces a significant upgrade to its ME2 Ocean Service. As of third week of April, the ME2 service will include port calls to key destinations
PIL enhances presence in East Coast South America with two revamped direct services- East Coast Serv
SINGAPORE : With the aim of improving and enhancing our presence in East Coast South America, Pacific International Lines (PIL) is pleased to introduce two revamped weekly direct