Sri Lankan government invests US$132 million in port development
COLOMBO : The Sri Lankan government will spend around US$132 million on port development projects, as stated by the minister of ports, shipping, and aviation Nimal Siripala de
First PM GatiShakti NMP Regional Workshop for Central & Western Zone to be held in Goa today
MUMBAI : The first PM GatiShakti National Master Plan (NMP) Regional Workshop for Central and Western Zone is being organized under the chairmanship of Special Secretary, Logistics Division,
East Zonal Conference on PM Gatishakti and National Logistic Policy held in Bhubaneswar
BHUBANESHWAR : Under the aegis of Ministry of Coal, the East Zonal Conference on PM GatiShakti (National Master Plan for Multimodal connectivity) and National Logistic Policy was held
Shreyas Shipping and Logistics Ltd to acquire container vessel
MUMBAI : Shreyas Shipping and Logistics Ltd has signed a Memorandum of Agreement (MOA) on 14th February 2023 for acquisition of one container vessel of 2872 TEU (35538
Guyana’s shore base project could cut shipping costs by about 12%
GEORGETOWN : Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations the shore base will help reduce shipping costs for supplies
Empty containers pile up at global ports as trade slows
SHANGHAI : Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the week of Feb. 5, the CAx
Drewry: World Container Index Down 2% This Week
LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index
Baltic index falls for seventh straight week
LONDON : The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the
Unlocking opportunities for Green Shipping in Africa : IMO
LONDON : A Green Shipping conference in Accra, Ghana (15-16 February), provided a forum to discuss opportunities and challenges for African countries in the decarbonization of international shipping.
OOCL welcomes its first 24,188 TEU container vessel “OOCL Spain”
HONG KONG : Orient Overseas Container Line Ltd. (“OOCL”) is delighted to introduce the first 24,188 TEU mega vessel to its fleet. The new vessel was officially named