PSA Group’s volume & revenue up in 2020
SINGAPORE : PSA International Pte Ltd (PSA) handled 86.6 million TEUs in the year ended December 31, 2020, representing an increase of 1.7% from the previous year. PSA
Indian exporters experience surge in global demand
NEW DELHI : In a boost to Indian economy, Indian export books have reportedly swelled up to 40% in the current fiscal. This comes as a sign of
Cargo traffic at 12 major ports falls for eleventh month in February 2021
MUMBAI : India’s top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports’ apex body
Gradual improvement in imports helping to shore up container shortage issue, says Maersk
MUMBAI : Mr. Steve Felder, MD, South Asia, Maersk, said that as the lockdown and curfews set in and production stopped, exports dropped sharply almost overnight and it
Adani Ports and SEZ to bring rail operations under one platform
AHMEDABAD: Adani Ports and SEZ Ltd. (APSEZ) is set to form a single subsidiary to bring all its railway operations under one umbrella, sources said. The new platform,
Exporters may have to wait longer to get RoDTEP benefits
NEW DELHI: Exporters will have to wait longer to get incentives under the new Remission of Duties and Taxes on Export Products (RoDTEP) scheme. Sources privy to the
Rules for new dry ports need review: Acto
NEW DELHI : The government’s move to limit the areas where Inland Container Depots (ICD) can be set up has put a spanner in the plans of private
MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business
TOKYO : Mitsui O.S.K. Lines, Ltd., MOL, President & CEO Mr. Junichiro Ikeda recently announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship
Global Shipping Business Network officially incorporated in Hong Kong
HONGKONG : Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate
Hapag-Lloyd publishes annual report and confirms significant earnings growth for 2020
HAMBURG : Hapag-Lloyd published its annual report with audited business results for the 2020 financial year today. In the reporting year, Hapag-Lloyd’s earnings before interest, taxes, depreciation and