Chinese shipyards hit record 47% market share in 2022
BEIJING : “In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards,”
DCSA’s member carriers commit to a fully standardised, electronic bill of lading by 2030
AMSTERDAM : Digital Container Shipping Association(DCSA) announced its nine ocean carrier members commit to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by
GST Council is likely to discuss tax parity for foreign and Indian shipping lines
NEW DELHI : The Goods and Services Tax (GST) Council is likely to discuss the issue of bringing parity in taxation on Indian and foreign shipping lines to
Maersk to build flagship logistics center in Shanghai to tap Chinese market potential
SHANGHAI : Shipping and logistics company Maersk held a groundbreaking ceremony on Tuesday for its 1-billion-yuan ($150 million) integrated logistics warehouse project in Shanghai, as the company puts more
Container shipping stock prices resilient : Drewry
LONDON : Amid falling spot freight rates, Drewry has significantly reduced the industry profitability forecast for 2023 but the ongoing consolidation at the current price-to-book (P/B level) hints
Bahri Line launches new liner service between Asia and Europe through Saudi Arabia
JEDDAH : Bahri Line, a business unit under Bahri Logistics, has officially established a new pendulum service line between the Asian and European continents. Traveling through Jeddah Islamic
IFSCA lays foundation to boost ship financing, leasing in India
KOLKATA : In a bid to boost maritime trade, International Financial Services Centres Authority (IFSCA) is taking steps to strengthen ship acquisition, financing and leasing in India, a senior
Gujarat Maritime University (GMU) has successfully completed an externship at the Erasmus University
GANDHINAGAR / ROTTERDAM : Gujarat Maritime University, promoted by the Government of Gujarat and Gujarat Maritime Board concluded its Global Externship Programme to Erasmus University, Netherlands on 10th
Govt set a target of ₹6,700 Cr in the port and shipping sector for FY24
NEW DELHI : The Central Government has set a target of ₹6,700 crore from asset monetisation in the port and shipping sector for FY24. Key projects on the block
V-Care Group, Ahmedabad begins a new chapter with Book Launch on subject “Make Successful
AHMEDABAD : International shipping & logistics industry is one of the fastest growing and changing industries in the world. With the acceleration of digital economy, it has opened