Shipping Ministry is framing rules for recycling vessels
Shipping Ministry is making rules for the ship recycling industry – which is at present at 4.5 million tonne per annum (mtpa) capacity and is expected to double
Container shipping locked in a ‘significant bottleneck’ as demand surges back
The Danish company, seen as a bellwether for global trade, posted quarterly earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion.Maersk CEO Soren Skou told CNBC
SCI reported profit of Rs. 103.30 crore in the Third quarter of FY 2020-21
MUMBAI: The Shipping Corporation of India Limited (SCI) declared its financial results for the third Quarter of FY 2020-21 on 5th February, 2021 and posted a Profit after
Maersk appoints Vikash Agarwal as new Managing Director for South Asia
Maersk has appointed Mr Vikash Agarwal as its new Managing Director, Maersk South Asia. He will join the organisation on March 1, 2021, informed a release. Vikash Agarwal
Funding woes of flagging ships
Indian lenders loath to bankroll vessels The Government has taken some key initiatives in a bid to promote a self-reliant India in shipping, but the financing of ships
ONE has second quarter of ‘significantly increased’ profit.Ocean Network Express’ net profit e
Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements. ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800%
Warning to shippers that transpacific contract rates may be overheating
Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced. According to
PIL receives support from significant majority of creditors for debt restructuring plan, positionin
Pacific International Lines (PIL) has announced that it has garnered support from a significant majority of its creditors and noteholders for its debt restructuring plan. In the company’s
AAL commits long-term to liner service
AAL Shipping (AAL) is marking the one-year anniversary of its ‘Europe – Middle East / India – Asia Monthly Liner Service’ with a long-term commitment to employing six
CMA CGM to operate and manage the Port of Alexandria’s Future Terminal
MARSEILLE: During the trip to Egypt of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, a world leader in shipping and logistics, the Egyptian