Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period
Long Beach completes electric box terminal project
The Port of Long Beach (POLB) has announced the completion of the Long Beach Container Terminal (LBCT) at Middle Harbor, equipped with nearly all-electric and zero-emissions equipment. LBCT
Access to preferential trade finance will require real-time ESG compliance monitoring
The maritime sector’s 3% contribution to global greenhouse emissions is always in the spotlight whenever a series of extreme weather events leads to calls for action on climate
Shipping Industry in India: Prospects for Foreign Investors
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international
Adani’s Colombo port work set to start
COLOMBO : Adani Ports and Special Economic Zone Ltd (APSEZ) will start construction in December on a 3.5 million 20-feet foot equivalent units (TEUs) capacity terminal with an
Customs commissionerates not to issue reports interpreting law: CBIC
NEW DELHI : The CBIC has asked customs commissionerates not to issue any circular or reports which are in the nature of interpretation or clarification on matters covered under the
Despite new law, major port trusts yet to become authorities
MUMBAI : Six months after getting Parliament support for a new law to convert the 11 major port trusts into authorities, the Centre is yet to complete the
Container Shipping Earnings Now Rival Apple. It’s Not a Good Look
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year
FM Sitharaman to announce infra property on the block on Monday
NEW DELHI : Union Finance Minister Nirmala Sitharaman will announce on Monday the property to be put up on the market as a part of the federal government’s asset
Container shortage, lockdowns spook Tirupur garment industry
CHENNAI : Raising Air freight, shortage of containers for sea freight and lockdown for six weeks due to Covid second wave has meant nearly Rs 2,500 crore worth
