2021 Suez Canal blockage resulted in $89 million loss to Maersk Line
The blockage of the Suez Canal in 2021 caused a loss of nearly $89 million to the shipping company Maersk Line, a new study has estimated. The container
Exports of China’s used cars soar amid rising Central Asia Demand
SHANGHAI : China’s used car exports are experiencing significant growth, with Central Asia emerging as a key destination market. The Khorgos Gateway, the world’s largest dry port linking
Dynamic Group of Companies joins Green Award as an Incentive Provider
ATHENS : Dynamic Group of Companies, a pioneer in repair and maintenance services for maritime and heavy industries, is excited to announce its partnership with the Green Award
Polar Maritime Seminar highlights safety and sustainability in polar shipping : IMO
LONDON : The 2025 Polar Maritime Seminar, co-hosted by the International Maritime Organization (IMO) and Norway’s Chairship of the Arctic Council, in cooperation with the Arctic Council’s Working Group
Drewry: World Container Index down 11%
LONDON : Drewry’s World Container Index decreased 11% to $3,445 per 40ft container this week. Drewry’s detailed assessment for Thursday, 23 January 2025
Baltic Index logs third weekly loss on weaker rates across vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly
Shipping Secretary alongwith DPA Chairman visited Alang Ship Recycling Yard, Gujarat
BHAVNAGAR : Shri T.K. Ramachandran, IAS, Secretary, Ministry of Ports, Shipping & Waterways, had an insightful visit at the Alang Ship Recycling Yard, Gujarat, accompanied by Shri Sushil
PM Gati Shakti : Rs 11.17 lakh crore mega push with 434 projects to transform India’s logistic
NEW DELHI : In a push to strengthen India’s logistics infrastructure, the Ministry of Finance has announced the identification of 434 projects under the PM Gati Shakti initiative. Ministry of Finance posted on X,
HMM signs MOU for Vadhvan Port development cooperation in India
MUMBAI : HMM has signed a Memorandum of Understanding (MOU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on developing Vadhvan Port in India. Under the MOU,
MSMEs seek simpler cross-border payment rules, Interest Equalisation for service exports
NEW DELHI : Micro, Small, and Medium Enterprises (MSMEs) in India contribute around 30% towards its gross domestic product (GDP). As per latest the government data, industry exports