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August 24, 2021

Asian container lines report massive surges in H1 profits

Shipping, Trending News
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period in 2020. With an EBIT of
August 24, 2021

Long Beach completes electric box terminal project

Foreign Ports, Trending News
The Port of Long Beach (POLB) has announced the completion of the Long Beach Container Terminal (LBCT) at Middle Harbor, equipped with nearly all-electric and zero-emissions equipment. LBCT at Middle Harborone constitutes “one of
August 24, 2021

Access to preferential trade finance will require real-time ESG compliance monitoring

Trending News, Maritime
The maritime sector’s 3% contribution to global greenhouse emissions is always in the spotlight whenever a series of extreme weather events leads to calls for action on climate change. As it stands, not only
August 23, 2021

Shipping Industry in India: Prospects for Foreign Investors

Shipping, Trending News
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international trade by volume. Therefore India is
August 23, 2021

Adani’s Colombo port work set to start

Ports, Trending News
COLOMBO : Adani Ports and Special Economic Zone Ltd (APSEZ) will start construction in December on a 3.5 million 20-feet foot equivalent units (TEUs) capacity terminal with an investment of over ₹5,000 crore at Colombo
August 23, 2021

Customs commissionerates not to issue reports interpreting law: CBIC

Customs, Trending News
NEW DELHI : The CBIC has asked customs commissionerates not to issue any circular or reports which are in the nature of interpretation or clarification on matters covered under the Customs Act, a move aimed at avoiding
August 23, 2021

Despite new law, major port trusts yet to become authorities

Ports, Trending News
MUMBAI : Six months after getting Parliament support for a new law to convert the 11 major port trusts into authorities, the Centre is yet to complete the structural makeover of state-owned ports. The
August 23, 2021

Container Shipping Earnings Now Rival Apple. It’s Not a Good Look

Shipping, Trending News
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow
August 23, 2021

FM Sitharaman to announce infra property on the block on Monday

Trade, Trending News
NEW DELHI : Union Finance Minister Nirmala Sitharaman will announce on Monday the property to be put up on the market as a part of the federal government’s asset monetization program. Federal coverage assume tank
August 23, 2021

Container shortage, lockdowns spook Tirupur garment industry

EXPORT, Trending News
CHENNAI : Raising Air freight, shortage of containers for sea freight and lockdown for six weeks due to Covid second wave has meant nearly Rs 2,500 crore worth garments stuck in Tirupur. Worse, these
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