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 Tax (PAT) of Rs.103.30 crores and
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 is a highly accomplished business leader
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 registered under the Indian flag remains
ONE has second quarter of ‘significantly increased’ profit.Ocean Network Express’ net profit escalates by eye-popping $939 million
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% — from $5 million in 2019
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 new analysis from SeaIntelligence Consulting, the
PIL receives support from significant majority of creditors for debt restructuring plan, positioning it for recovery & sustainable long-term growth
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 Scheme Meeting held on February 1,
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 ‘mega size’ (30,000+ DWT) heavy lift
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 authorities have confirmed their intention to
