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July 19, 2021

Container Rates up to $13,000 per 40-foot Container : Drewry Maritime Financial Insight – July 2021

Container, Trending News
LONDON : Container shipping The boom in the container market is continuing with no sign of abatement in the near term. Container freight rates on some routes are close to USD 13,000 per 40-foot container,
July 19, 2021

How Maersk dominates the global shipping industry

International Shipping, Trending News
COPENHAGEN : With surging consumer demand, bottlenecks at ports and a shortage of containers, it’s a tumultuous time to be an ocean carrier. Maersk, the world’s largest container shipper, announced May 2021 first-quarter revenue
July 19, 2021

UAE logistics giant Aramex joins DB Schenker to expand in the Middle East, Africa

Logistics, Trending News
DUBAI : Aramex, a leading logistics and transportation solution, and the DB’s DB Schenker will explore opportunities in supply chain solutions in Abu Dhabi and the wider MEA region. The partnership aims to promote
July 19, 2021

Qatar, India and Sri Lanka made X-Press Pearl disaster inevitable

International Shipping, Trending News
THAILAND : Russian national newspaper Novaya Gazeta published a report, an investigation into X-Press Pearl fire and disaster, based on available documents and reports, and interviews with seamen involved in the disaster. Of 25 crew of
July 19, 2021

Safexpress launches its 62nd ultra-modern logistics park in Navi Mumbai

Logistics, Trending News
MUMBAI : Safexpress has launched its ultra-modern logistics park in Navi Mumbai. This state-of-the-art facility is strategically located near to Mumbai Goa National Highway 66. Senior dignitaries from Safexpress included SK Jain, VP; B
July 19, 2021

IoT-enabled logistics will drive business growth in India

Logistics, Trending News
In today’s interconnected world, the internet of things (IoT) presents an array of opportunities for various industries. With customers demanding real-time updates on the status of shipments, and businesses looking for assurance that their
July 19, 2021

India-SL synergies vital to control future volume growth in huge container ships

Shipping, Trending News
Synergies between India and Sri Lanka are vital to handle a future growth in Ultra Large Container Ships in the Indian subcontinent, Sri Lanka Ports Authority chairman Capt. Nihal Keppetipola said. This was stated
July 19, 2021

Seaspan completes upsized US$750 million offering of blue transition bonds

International Shipping, Trending News
Canadian container ship owner and operator, Seaspan Corporation has successfully closed its previously announced issuance of US$750 million in senior unsecured notes, upsized from the original offering size of US$500 million. The Notes will
July 17, 2021

Special train with 180 shipping containers from Mundra Port to arrive in Rajasthan

Railway, Trending News
JAIPUR : In view of shortage of containers in Rajasthan amidst the pandemic, a special train carrying 180 shipping containers from Mundra Port in Gujarat will arrive here on Saturday. This is for the
July 17, 2021

European carriers Hapag Lloyd and CMA CGM to increase rates from Asia

Shipping, Trending News
The European shipping companies Hapag Lloyd and CMA CGM have announced new charges from several Asia regions to various destinations worldwide, which will take effect from late July and August. Firstly, Hapag-Lloyd will implement
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