Cyclone Mocha forces 60-hour operation closure at Chittagong port
DHAKA : The operations at the Chittagong port, Bangladesh’s prime seaport, had remained suspended over two days as the super cyclone Mocha approached and crossed the country on Sunday, 15 May. The port authority
HMM looking for reunion with Hyundai LNG Shipping
SEOUL : HMM is reportedly attempting to buy back the liquefied natural gas (LNG) shipping unit that South Korea’s flagship carrier divested back in 2014 when it began facing financial troubles. The LNG shipping
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding industry. The new non-vessel operating common
Nippon Express Group buys Austria-based global logistics player ‘cargo-partner’
TOKYO : Οwner and founder of cargo-partner Mr. Stefan Krauter has decided to sell the Austrian global logistics firm to Japanese stock-listed Nippon Express Holdings, which is also the parent company of Nippon Express,
DSV to power new facilities with renewable energy
DENMARK : DSV is constructing two new warehouses totalling 175,000 sqm that will be powered entirely by on-site renewable energy. With more than 100,000 sqm of solar panels, DSV’s new facilities in Landskrona, Sweden,
Political instability is a “Risk Multiplier” which is putting a successful green energy transition in maritime in jeopardy ICS report shows
LONDON : The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published on Tuesday, 16th May, 2023 – reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet
MoPSW clears plan to restructure Marina project at Mumbai Port
MUMBAI : The Ministry of Ports, Shipping and Waterways has cleared a plan to restructure the development of a marina at Princess Dock in Mumbai Port, sources said. The project, estimated to cost some
Sittwe Port as a Maritime Hub is done & the completion of Kaladan Project will improve regional trade
NEW DELHI : As the cargo vessel MV-ITT Lion sailed into Sittwe Port in Myanmar on May 9, having left Kolkata five days earlier, it marked an important milestone for India in its long-drawn