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- U70109MH2021GOl371256 on 10 November, 2021 pursuant
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 of 2020, reaching US$1.95 billion (KRW
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 football fields, the toys for years
Pandemic, supply chain, and more — how quickly is the shipping industry rebounding after global difficulties?
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 estimated revenue of $370 billion in
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. Drewry believes this trade will have
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 Mission Statement the signatories said they
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 unveiled orders for a pair of
P&I Clubs go for double-digit increases as pool claims rise
The frequency of International Group of P&I Clubs’ (IG) pooled claims, which lie between $10m and $100m and are shared by its 13 member Clubs, is not rising, but the scale of individual claims