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
‘Win-win’ for shipowners, with charter market rates and vessel values soaring
Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”. This week, shipbroker
OOIL announces plans to issue New Shares on the Market
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our