Indian Register of Shipping (IRClass) helps strengthen Inland Vessel legislation
Contributes to developing bill draft and Inland Vessel (IV) Rules NEW DELHI : International ship classification society, Indian Register of Shipping (IRClass) has played an integral role in the drafting of the Inland Vessels
Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period in 2020. With an EBIT of
Shipping Industry in India: Prospects for Foreign Investors
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international trade by volume. Therefore India is
Container Shipping Earnings Now Rival Apple. It’s Not a Good Look
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow
APM Terminals celebrates its 20th anniversary as an independent business within A.P. Moller – Maersk
COPENHAGEN : In 2021, APM Terminals celebrates its 20th anniversary as an independent business within A.P. Moller – Maersk. While reflecting on those eventful two decades under its own brand, the company looks into
Delhi High Court order on Shipping, Freight Station charges bites trade
NEW DELHI : The Delhi High Court has dealt a big blow to exporters reeling under skyrocketing container shipping rates by observing that the “State (government) has no direct causal connection” with the charges
Maersk Cancels Six Ningbo Calls as World Watches for China’s Next Move
COPENHAGEN : With no indication from the Chinese authorities as to the timeline or plan for the resumption of operations at the closed container terminal in the Ningbo-Zhoushan port complex, the shipping lines have
Two shipping firms to start container feeder service at MPT
PANAJI : Spelling good news for Goa’s export and import business, two shipping firms have shown interest in operating container feeder services at the Mormugao Port Trust (MPT). A new container feeder operated by