Trade imbalance causes container shortage; freight rates hit the roof
Container shortage in India due to the uneven import-export scenario is taking costs through the roof for both, shipping lines as well as the importers and exporters. “Freights
Small export-import players face the brunt of China trade barrier
Munshid Ali, partner of Kozhikode-based Ceekey Tyres, who imports tyres through his office in Foshan City, Guangdong Province, China, now finds his business disrupted after the government imposed
CMA CGM to launch new NC LEVANT EXPRESS standalone service linking North Europe to East Med & L
CMA CGM has announced its standalone NC LEVANT new weekly service set up, connecting North Europe with East Med and Levant as from January 8, 2021 ex Southampton, enabling
PSA Mumbai welcomes New Far East service (CI6/SIS/CISC2)
NAVI MUMBAI: PSA Mumbai welcomed a new Far East service (CI6/SIS/CISC2), jointly operated by Sinokor Merchant Marine Co. Ltd, Heung A Line Co. Ltd., Wan Hai Lines, Interasia Lines and
Chowgule Shipyards delivers first vessel to Wijnne & Barends amid pandemic
Chowgule Group-owned Shipyards on Monday said it has delivered a general cargo vessel to a Dutch client, making it the first company to export ship since the outbreak
Adani taken aback by workers’ demands at newly acquired Krishnapatnam port
Scores of workers engaged in logistics operations at Krishnapatnam port have urged the management to provide job protection, payment of wage arrears and eight-hour shifts, among other issues.
Bain Capital in talks to invest Rs 1,500 crore in JM Baxi Group
Global private equity fund Bain Capital is in advanced talks with JM Baxi Group to invest up to 1,500 crore ($ 200 million) in exchange for a 30%
Maiden vessel of Sinokor India Service calls at Nhava Sheva
The maiden vessel (the 4,253-TEU Singapore Bridge) of the new Sinokor India Service (SIS), connecting India with China and South-East Asia, called at Jawaharlal Nehru Port’s BMCT on
MSC continues secondhand boxship buying spree with $15m Lomar deal
Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to hoover up secondhand boxships at pace. MSC has acquired the 2005-built 4,934 teu Texas Trader from Lomar Shipping in the last few
Core secretary panel set to take up Shipping Corporation disinvestment
The cabinet secretary-headed core group of secretaries on divestment will, on Monday, take up the issue of preliminary information memorandum (PIM) and expression of interest (EoI) for privatisation of Shipping Corporation