The two major container liners have agreed to terminate their current partnership effective January 2025 COPENHAGEN/GENEVA : Maersk and MSC have agreed to terminate the 2M alliance from January 2025. Markets have changed substantially
HAMBURG : Hapag-Lloyd signed a binding agreement under which it will acquire 35 % of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Additionally, Hapag-Lloyd AG signed
GANDHIDHAM : With effect from 26 January, if a tanker vessel fails to commence cargo operations at the Port of Deendayal, within 4 hours from the time of ‘all fast’, it will be liable
MUMBAI : Jawaharlal Nehru Port Authority (JNPA), India’s premier container port, celebrated India’s 74th Republic Day with patriotic fervour. This year’s celebration was even more special as India is observing its 75th year of
FRANCE : The decision by MSC and Maersk — the world’s two largest container lines — to terminate the 2M vessel-sharing alliance was predictable. The bigger surprise will be what happens next. Will both
NEW DELHI : In order to boost exports from the micro, small and medium enterprise (MSME) sector, which constitutes nearly 50 per cent of the country’s exports, experts have called for enhanced measures in
GENEVA : MSC Mediterranean Shipping Company is eager to participate once again at TPM23 in Long Beach, California. TPM is often regarded as the largest and most important annual conference for the global container
TOKYO : In the freezing cold and windy atmosphere coast guard vessels of two countries Japan and South Korea were battling in the Pacific ocean, in severe weather conditions, to rescue crew members of
ABU DHABI : AD Ports Group the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Tosyalı, one of Turkey’s largest private steel producers, which has operations
DENMARK : Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping sector. During the first three weeks