India flag to unfurl for shipping sector at GIFT City
AHMEDABAD: After aircraft leasing and financing, Gujarat International Finance Tec City is now exploring ways to make India, which has a huge export-import trade, a country of shipowners
Record Number of Cruise Ships Scrapped at Alang in the Past 12 Months
The demolition yards at Alang, India received a record number of cruise and passenger ships in the past 12 months. While none of the major cruise brands have
India continuing smaller share in International shipping
AHMEDABAD : India, despite having a large coastline, growing domestic market and international seaborne trade, deep-rooted maritime traditions and skilled seafarers, continues to have a smaller share in
Shipping Corporation incorporates subsidiary as part of demerger
MUMBAI : The Shipping Corporation of India has incorporated a Wholly Owned Subsidiary in the name and style of “Shipping Corporation of India Land and Assets” bearing CIN-
HMM hits US$1.95 billion record Q3 profit
The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared to the same period
Supply chain crisis gives once invisible shipping industry record profits and new adversaries
YIWU, China : Consider the plight of Xu Yaping’s flimsy swords and knockoff Barbies. Exported from the International Trade City here, a wholesale market the size of 1,000
Pandemic, supply chain, and more — how quickly is the shipping industry rebounding after global di
COVID-19 took the world to a near standstill, slowing down major sectors, including the transportation sector. According to a report by Statistica, the global airline industry lost an
Russia-India coking coal deal unlikely to impact Panamax shipping
NEW DELHI : Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year.
19 countries sign declaration for ‘green shipping corridors’
NEW YORK : The Clydebank Declaration was launched at COP26 with 19 states with the aim to set zero-emission maritime routes between two or more ports. In a
Evergreen splashes out on 24,000TEU ships and more containers
Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates. On 5 November, Evergreen