MUMBAI : Swan Energy, operating through its special purpose vehicle Hazel Infra, will complete the acquisition of Reliance Naval and Engineering by paying Rs. 231 crore on November 15, well ahead of the November
COPENHAGEN : A.P. Moller – Maersk’s (Maersk) financial results for third quarter of 2023 were in line with expectations in a difficult market environment with rates well off their 2022 peak and tested by
PIACENZA : PSA Italy was named ‘Best Port/Terminal Operator’ at the fifth edition of the Italian Terminal and Logistics Awards (ITALA)! The awards ceremony took place on 6 October at the GIS (Italian Days
HAMBURG : Hapag-Lloyd has announced a General Rate Increase (GRI) from the US West Coast to Indian Subcontinent and Middle East for cargo transported in 20’ and 40’ dry, reefer and special Containers, including
MARSEILLE : Marseille-based container line CMA CGM has announced new Freight All Kinds (FAK) rates from all Asian ports, including Japan, South East Asia and Bangladesh, to all North European ports, including the United
HONG KONG : Emirates Shipping Line (ESL) announced the launch of the Far East Africa Express (FAX) service connecting major ports in China with Mombasa in Kenya and Dar es Salaam in Tanzania. The
LONDON : IMO marks 50 years since the MARPOL Convention was adopted. Ships today must take measures on board to stop sewage, garbage and operational waste entering the sea without restriction – and ships
HAMBURG : Mr. Jens Meier, CEO of Hamburg Port Authority, has been elected as the new president of the International Association of Ports and Harbors (IAPH) for the next two years, replacing Captain K.
BEIJING : A measure of foreign investment into China turned negative for the first time since records began in 1998, highlighting how foreign companies are pulling money out of the country due to geopolitical tensions and
COLOMBO : Finance Minister Smt Nirmala Sitharaman, on November 1, said that there is a greater interest in the world now to forge regional and bilateral arrangements so that countries can protect their domestic