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August 14, 2021

Gujarat signs 6 MoUs for vehicle-scrapping units

Trending News, Transport
GANDHINAGAR : On the day the Centre rolled out the vehicle scrapping policy and Voluntary Vehicle Fleet Modernization Programme (V-VMP), the Gujarat government signed six MOUs (Memoranda of Understanding) with private companies to support
August 14, 2021

PSA Mumbai Welcomes Maersk’s Upsized ME2 Mediterranean Service

Trending News, Shipping Line
MUMBAI : PSA Mumbai welcomed the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100-TEU “Maersk Gibraltar” on 12th August 2021. The ME2 marks PSA Mumbai’s eighth weekly call and
August 14, 2021

DBS Bank India partners with ODeX to provide hassle-free credit solutions to freight forwarders

Business, Trending News
MUMBAI : DBS Bank India announced that it has partnered with ODeX, one of India’s leading platforms to exchange shipping documents and facilitate payments, to introduce ODeX Pay Later Solutions powered by DBS. ODeX
August 14, 2021

DP World wants to revolutionize how ports operate

Trending News, Maritime
DUBAI : In Dubai’s Jebel Ali port, a new technology is being tested that aims to speed up, improve and automate the way shipping containers are stored, moved and shipped.Typically, at major ports, shipping
August 14, 2021

RoSCTL to enhance India’s share in global apparel & made-ups sectors : FIEO

EXPORT, Trending News
NEW DELHI : Welcoming wholeheartedly the announcement of RoSCTL support for apparel & made-ups sectors, Dr A Sakthivel, President, FIEO said that this timely announcement, coming at a time when we are seeing buoyancy
August 14, 2021

Hapag-Lloyd’s H1 profit increases almost tenfold

Shipping Line, Trending News
HAMBURG : Hapag-Lloyd has achieved outstanding performance in financial terms during the first half of 2021, as it has benefitted from strong container demand and skyrocketing freight rates, according to the company’s CEO, Rolf Habben
August 14, 2021

Impressive order booking position to sustain exports growth albeit logistics challenges: FIEO President

EXPORT, Trending News
NEW DELHI : Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 50 percent with USD 35.43 billion over FY’ 2020-21
August 14, 2021

CMA CGM applies new reefer surcharges worldwide

International Shipping, Trending News
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion Surcharge (PCS) of US$1,000 per reefer
August 14, 2021

HMM achieves record profits and increased volumes during 2021 H1

International Shipping, Trending News
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue almost doubled to US$4.56 billion, compared
August 14, 2021

High shipping rates due to demand/supply disruption in container business: Gujarat Pipavav Port

Ports, Trending News
PIPAVAV : Gujarat Pipavav reported its earnings for the June-ended quarter. Jakob Friis Sorensen, MD, Gujarat Pipavav Port discussed the earnings fineprint and outlook. The container business is looking good but he believes there
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