Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’
Ruth Wood appointed as permanent CEO at Mersey Maritime
BIRKENHEAD : Just five months after becoming Interim Chief Executive of Mersey Maritime, Ms. Ruth Wood has now been appointed to the role on a permanent basis. Ruth
Gautam Adani meets Bhutan king Jigme Khesar Namgyel Wangchuck; says ‘excited to explore opport
AHMEDABAD : The Indian billionaire businessman and Chairman of Adani Group, Gautam Adani, shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on Wednesday,
MoCI panel reviewing guidelines for elections of EPCs & FIEO to submit report by month end
NEW DELHI : (MoCI)The Commerce Ministry has decided to review the eligibility criteria for the election of office bearers of export promotion councils (EPCs) and apex exporters body
DPIIT proposes to engage consultancy agency to draw reservation list to be used in FTA talks
NEW DELHI : The Department for Promotion of Industry and internal trade (DPIIT) has proposed to engage a consultancy agency to draw a reservation list to be used
Adani Ports Q2 results: Profit rises 4% to Rs 1,748 Crore
AHMEDABAD : Adani Ports And Special Economic Zone on November 9 reported a consolidated net profit of Rs 1747.85 crore for the September quarter, registering a growth of 4.19 percent
Chennai Port signs MoU with Littoral Cruises Ltd. to enhance cruise service
CHENNAI : The Chennai Port Authority on Thursday signed a memorandum of understanding (MoU) with Littoral Cruises Limited to enhance cooperation and bolster cruise shipping in the country.
Moody’s retains India’s 2023 growth forecast at 6.7% on strong domestic demand
NEW YORK : Moody’s Investors Service on Thursday retained India’s economic growth forecast for 2023 at 6.7 per cent and said strong domestic demand will likely sustain the
MANSA pays tributes to Vaishnav Puri for leaving an indelible mark in the Shipping and logistics Ind
MUMBAI : Maritime Association of Nationwide Shipping Agencies – India (MANSA) fondly remembers its colossal past president Mr. Vaishnav Puri, Chairman & Managing Director, Seaworld-Samrat Group, the guiding
Container Shipping bracing for downturn : Hapag-Lloyd Chief
HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head