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February 15, 2023

HMM to jump on the methanol-fuelled containerships worth of $1.12bn

International Shipping, Shipping Line, Trending News
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn are split with seven newbuilds at
February 15, 2023

Bolloré Logistics supports its customers in their sustainability initiative

Logistics, Trending News
PUTEAUX (FRANCE) : Bolloré Logistics supports one of its “premium” customers, a luxury fashion house, in its sustainability initiative. In this context, the customer has taken a step towards modal shift by choosing to
February 15, 2023

BSC to receive $22.48m pay-out from insurers for vessel hit by rocket in Ukraine

International Shipping, Trending News
DHAKA : State-run Bangladesh Shipping Corporation (BSC) will get a $22.48m pay-out from insurers over its abandoned bulk carrier, Banglar Samriddhi, which has been stuck in Ukrainian waters for a year, having suffered a rocket
February 15, 2023

Container shipping stock prices resilient : Drewry

Shipping, Trending News
LONDON : Amid falling spot freight rates, Drewry has significantly reduced the industry profitability forecast for 2023 but the ongoing consolidation at the current price-to-book (P/B level) hints that the financial community has already
February 15, 2023

METS Technology chooses EST-Floattech Battery System for the refit of a Swedish vessel

Maritime, Trending News
SWEDEN : Swedish system integrator METS Technology has, together with main contractor Ö-VARVET AB, decided on EST-Floattech’s new Octopus Series battery system for the retrofitting of the MS ‘Hamnen’. METS Technology focuses on developing
February 14, 2023

High Level Committee to draft revised Guidelines for Ro-Ro and Ro-Pax ferry services

waterways, Trending News
NEW DELHI : MoPSW, under its Sagarmala Programme, has pushed a number of reforms and initiatives in the maritime industry to strengthen the country’s socio-economic and regulatory environment. One of the key initiatives of
February 14, 2023

Kerala govt to give Rs 400 Cr to Adani Ports as part of Vizhinjam agreement

Ports, Trending News
KOCHI : As part of the agreement between the Kerala Government and Adani Ports, the former will now have to give Rs 400 crore to the latter as the construction of the breakwater at
February 14, 2023

Nhava Sheva Port reporting long truck waits and congestion problems at the terminal

Ports, Trending News
MUMBAI : Container trailer operators serving India’s Nhava Sheva Port (JNPT) are reporting long truck waits and congestion problems at the terminal entry points due to box scanning delays. According to Nhava Sheva Container
February 14, 2023

Gujarat shipbuilding industry facing challenges

Ship Building, Trending News
AHMEDABAD : The shipbuilding industry in Gujarat, which witnessed high profits about a decade ago, is in troubled waters these days. Of the seven shipbuilding yards in the state, three major ones — ABG
February 14, 2023

Welspun One signs MoU with UP Govt to invest Rs 2,000 Cr

Logistics, Trending News
LUCKNOW : Welspun One Logistics Parks has signed a pact with the Uttar Pradesh government for investment of Rs 2,000 crore to develop warehousing and logistics parks in the state. In a statement, the
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