N Europe – Asia exporters face near 80% container capacity drop
Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed
Shipping major Wilhelmsen switches focus to renewables
Wilhelmsen, one of Norway’s best known shipping brands, is having a major change of focus, going all out for renewables. Norway :“Our strategy is very clear, we will
Suez chaos leaves shipping companies counting the ‘lost expenses’ cost
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m
Govt Chalks Out 4-point Plan To Deal With Blockage Of Suez Canal
The plan was chalked out in a meeting convened by the logistics division, Ministry of Commerce. It includes prioritisation of cargo, freight rates, advisory to ports and re-routing
Gradual improvement in imports helping to shore up container shortage issue, says Maersk
MUMBAI : Mr. Steve Felder, MD, South Asia, Maersk, said that as the lockdown and curfews set in and production stopped, exports dropped sharply almost overnight and it
Adani adds Colombo to yield synergies in India transshipment movement
Adani Group has extended its port-terminal investment spree to Sri Lanka with an agreement to build and operate Colombo’s West Container Terminal (WCT), a third facility under the
MSC announces new Asia-USEC service
Mediterranean Shipping Company (MSC) has announced the launch of a new weekly service, the Palmetto, from Asia to the US East Coast. MSC is introducing a new container
‘All Women Officers’ Sailing’ aboard SCI Tanker m.t. Swarna Krishna – A historic and landmar
The Shipping Corporation of India Ltd. (SCI), as a part of its ongoing Diamond Jubileecelebrations and also to commemorate the International Women’s Day on 8th March, 2021achieved another
Foresight Group eyeing Shipping Corporation of India for its LNG business
The group, in a consortium with Belgium’s Exmar NV and Dubai-based GMS, is a preliminary bidder for the national carrier as govt looks to privatise SCI by selling