January 5, 2024
May 24, 2026
January 5, 2024
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
January 5, 2024
AD Ports subsidiary acquires APM Terminals Castellón for $11m in Spain
RIYADH : Abu Dhabi Ports Group has expanded its operational capacity with the acquisition of Spain’s APM Terminals Castellón for €10 million ($10.93 million) through a subsidiary. The deal was carried out by Noatum
January 5, 2024
COSCO Shipping Energy invests $449M in methanol dual-fuel tankers
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million. As informed, this move represents a
January 5, 2024
ClassNK releases new features for GHG Emissions Management Tool “ClassNK ZETA” – supporting preparation for EU-ETS and BIMCO CII Clause
TOKYO : ClassNK has released new features for its GHG Emissions Management Tool, “ClassNK ZETA (Zero Emission Transition Accelerator)”. ClassNK ZETA is a tool for visualizing GHG emissions and CII ratings of ships and is
January 4, 2024
Facility to boost Kamarajar Port’s cargo handling capacity with unveiling of new cargo berth by Prime Minister
CHENNAI : In a major boost to the automobile sector, the cargo handling capacity at the Kamarajar Port increased by three million metric tonnes annually, with Prime Minister Shri Narendra Modi unveiling the Rs
January 4, 2024
India to become $4 trillion economy before 2024 elections: Piyush Goyal
NEW DELHI : India will become a $4 trillion economy before the upcoming general elections, Commerce & Industry Minister Shri Piyush Goyal said on January 3. “…And in 2-2.5 years, the country will become
January 4, 2024
Govt flags off ‘holistic’ review of ship age norms
MUMBAI : Less than a year after it introduced age norms for ships, both Indian registered and foreign flagged, from calling at the country’s ports to load and unload cargo, the Directorate General of
January 4, 2024
Adani Ports top brass reshuffle: Karan Adani elevated as Managing Director
AHMEDABAD : Adani Ports and SEZ, the ports and logistics arm of the Adani Group, on January 3 announced a reshuffle in its top brass, with the company’s Chairman and Managing Director Mr. Gautam
January 4, 2024