Maersk and Hapag-Lloyd Gemini Alliance will seek to reduce costs
HAMBURG : With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after
DPA Kandla awarded the Concession to DP World for “Container Terminal at Tuna Tekra on BOT bas
GANDHIDHAM : Deendayal Port Authority (DPA), Kandla the No.1 Major Port of India, proudly announces a significant milestone in its history with the awarding of the Concession for
Indian financing must drive startup movement, can’t depend on foreign funds : Amitabh Kant
NEW DELHI : Indian startup movement must be driven by Indian financing and cannot depend on foreign funding, G20 Sherpa Amitabh Kant said on Thursday. While speaking at
Niti Aayog comes up with roadmap to boost exports from MSME sector
NEW DELHI : Niti Aayog has made a case for a single information portal for exporters to promote e-commerce exports and improve access to finance, especially for micro,
Government of India and ADB sign $23 million loan agreement to strengthen fintech ecosystem in India
NEW DELHI : The Government of India and the Asian Development Bank (ADB) signed a $23 million loan agreement to enhance access to quality fintech education, research, and
DGFT enhances trade facilitation with amendments in Para 4.06 and Para 4.14 of the Handbook of Proce
NEW DELHI : The DGFT issued Public Notice No. 15/2023 dated March 14, 2024, which amends Para 4.06 and Para 4.14 of the Handbook of Procedures 2023. This amendment
As the highest throughput in its history, King Abdul Aziz Port in Dammam continued breaking records
DAMMAM : In February 2024, King Abdul Aziz Port in Dammam achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput
Container rates drop to unsustainable levels : Maersk CEO
COPENHAGEN : The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk, CEO Mr. Vincent
Hapag-Lloyd records third-highest group profit in history despite significant financial declines
HAMBURG : Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively.
