HMM’s annual profits crosses US$7 billion
SEOUL : South Korean container shipping company HMM saw its revenue rose 34.7% to US$14.57 billion in 2022, while its operating profit increased by 34.8% to US$7.8 billion.
MSC and Costamare agree to jointly fund $45m California oil spill settlement
GENEVA : Mediterranean Shipping Company (MSC) has confirmed it is part of $45m settlement for claims from October 2021 pipeline spill in California, although maintains full responsibility for
Four Asian shipping lines are reporting steep revenue declines
SINGAPORE : New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the
CII is unfair to all ships: Union of Greek Shipowners
PIRAEUS : Greek shipowners are calling for amendments to IMO’s Carbon Intensity Indicator (CII) led by the Union of Greek Shipowners (UGS) and Philippos Philis, President of ECSA.
PM inaugurates Uttar Pradesh Global Investors Summit 2023 in Lucknow
LUCKNOW : The Prime Minister, Shri Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit 2023 in Lucknow. He also inaugurated the Global Trade Show and launched Invest
Huge commitments to invest in UP at Global Investors Summit has been due to the honest government an
LUCKNOW : There have been commitments to the tune of lakhs of crores to invest in Uttar Pradesh and this has been made possible due to the honest
Sarbanda Sonowal attended the 44th National Day of Iran in New Delhi
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal attended the 44th National Day of Iran in New Delhi, highlighting India’s commitment to strengthen
Anupriya Patel says UP Govt’s new Warehousing & Logistics Policy will encourage private s
LUCKNOW : Union Minister of State for Commerce and Industry Smt Anupriya Patel, on Sunday, praised the efforts of Uttar Pradesh in achieving the national target of reducing
FFFAI Chairman Shankar Shinde elected as Chairman IFCBA
MUMBAI : Mr Shankar Shinde has been unanimously elected as Chairman of the International Federation of Customs Brokers Associations (IFCBA) during its Board of Directors’ Annual General Meeting held on
ECU Worldwide announces Jitesh Shetty as Global Head of ECU 360
MIAMI : ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary, announced that it has appointed Jitesh Shetty as Global Head of ECU 360 effective immediately. Jitesh will spearhead major
