OOIL announces plans to issue New Shares on the Market
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our immediate parent company and part of
Last mile connectivity & feeder routes of DFCs should be completed simultaneously: Goyal
Mr Piyush Goyal, Minister for Railways and Commerce & Industry, this week again reviewed the progress of various sections under completion of the Dedicated Freight Corridors (DFC), both the East and West sections. Railway
Hapag-Lloyd significantly improves operating result in 2020
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more than USD 3 billion (approximately EUR 2.7 billion). Earnings before
BIMCO publishes Sanctions Clause for the container trade
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative
Bahri Ship Management receives ISO 45001 certification for occupational health and safety
RIYADH: Recognizing its sustained efforts to ensure a safe and healthy work environment, Bahri Ship Management, one of five business units within Bahri, a global leader in logistics and transportation, was recently awarded the
Union Budget Expectations: Mr. Rajiv Agarwal, CEO & MD, Essar Ports
MUMBAI: The Honourable PM’s vision of making India – A Global Manufacturing Hub and becoming $5 Trillion economy, will be one of the key objectives of the upcoming budget. Ports will play a pivotal
Opinion: The shipping sector is at sea
The major economies of the world have always realised the potential of shipping as a contributor to economic growth. Today, for instance, control of the seas is a key component of China’s Belt and
Covid-19 pandemic effect: Shortage of containers to linger
The Covid-19 pandemic in 2020 derailed every sector, and the shipping industry was no exception. While many industries, including manufacturing, are slowly bouncing back, the shipping sector is still struggling with a severe shortage