Karaikal Port debt restructuring: Edelweiss ARC opts for Swiss challenge
MUMBAI : Edelweiss Asset Reconstruction Co has opted for the Swiss Challenge method to sell the entire debt of ₹2,059.24 crore of Karaikal Port, along with the 11
MAERSK Rainbow Container World Tour comes to an end
A five-month voyage around the world has come to an end – but the journey towards improved diversity and inclusion continues. COPENHAGEN : In July 2020, two fully
Kuwait Govt to launch first forum for digital transformation in a strategic partnership with Agility
KUWAIT : Minister of Public Works and Minister of State for Communications and Information Technology, Dr. Rana Abdullah Al-Faris, Kuwait announced the launch of the first forum for
Cash-rich container lines look to squeeze out feeder operators
LONDON : Ocean carriers are squeezing their feeder service providers from both sides: firstly by refusing to entertain contract rate increases, and secondly by turning the heads of
World Shipping Council says reform act is ‘horrible policy’ borne of shipper anger
Carrier representative the World Shipping Council (WSC) regards the Ocean Shipping Reform Act 2021 as “horrible transportation policy” borne out of frustration and anger from shippers. Speaking exclusively
Global shipping is earning the most money since 2008 as pandemic pain wanes
MUMBAI : The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the
US, China, Europe grapple with container shipping bottlenecks
The world’s largest regulatory agencies overseeing international container trades met remotely to discuss rampant supply chain disruptions as carriers and their customers brace for more turmoil during the
Durban’s ship repair skills praised after 96.5 tonnes of steel used to fix Indian vessel
DURBAN : The ship repair skills and ingenuity of the Durban based Sandock Austral Shipyards (SAS) were put to its full test when the team undertook the repair
Explained : Why there is a major container shortage, and its impact on international trade
Reduction in the number of shipping vessels operating as a result of the Covid-19 pandemic has led to fewer empty containers being picked up, leaving many containers in
Container crunch takes toll on freight rates: Lock empty cases, say exporters
NEW DELHI : In light of rising freight rates due to the global container shortage, exporters have called on the government to provide freight subsidies and curb the