30 countries now ready to accept BRICS currency
SHANGHAI : A growing number of countries are showing interest to join the BRICS Alliance and accept the new currency. BRICS could soon become BRICS+ as the South
DP World inks agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport
DUBAI : Dubai’s state-owned DP World signed agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport on Friday, to cooperate on automobile industry chain services and logistics. Ningbo-Zhoushan said it will
A.P. Moller – Maersk expands its warehousing footprint to over half a million sq. ft. in Banglad
DHAKA : A.P. Moller – Maersk (Maersk) on Monday announced the expansion of its warehousing footprint in Chattogram. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase
HMM Q1 profits plunge 91%
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn
Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Cochin Port has bagged the Sagar Shreshtha Sammaan Award 2023
KOCHI : The Ministry of Ports, Shipping and Waterways honoured the Cochin Port Authority (CPA) with the Sagar Shreshtha Sammaan for the best turnaround time in non-container category during 2022-23. Minister for
IMU Visakhapatnam likely to get two dredger simulators with Rs. 20 cr
VISAKHAPATNAM : Indian Maritime University-Visakhapatnam, Dredging Corporation of India, and Sagarmala are likely to float a special purpose vehicle to install two dredger simulators at IMU campus in
Great Eastern Shipping net profit up 282 % at Rs721.94 cr for Jan-Mar quarter
MUMBAI : The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier by fleet size and revenues, said its January-March 2023 net profit soared 282 percent to
JSW Infrastructure to invest Rs 152 Cr to increase container capacity at NMPT
MUMBAI : JSW Infrastructure will invest Rs 152 crore for the expansion of its container capacity at New Mangalore Port Trust, according to sources. In June 2022, the
Cisco to set up India manufacturing unit; eyes $1bn from production, exports
NEW DELHI : Cisco, the US-based tech conglomerate, on Wednesday said it will set up a manufacturing plant in India, work on which is expected to be completed
