MoRTH hits 20% of capital expenditure target in April 2024
NEW DELHI : Despite being slow on award of projects in the second half of 2023, the Ministry of Road Transport and Highways (Morth) continued with front-loading of
Adani Ports’ revenue projected at Rs 50,000 crore in next four years
AHMEDABAD : Adani Ports and Special Economic Zone Ltd. surpassed its guidance for cargo, revenue, and Ebitda in fiscal year 2024. These metrics continued to grow in the
Hapag-Lloyd with good start to 2024 in first quarter of year
HAMBURG : Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million(EUR 868 million). Compared to the same quarter of the previous year,
HMM reports strong first quarter financial results
SEOUL : South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in
ICTSI plans to build $800 million container terminal in the Philippines
PHILIPPINES : International Container Terminal Services, Inc. (ICTSI) plans to build a new terminal in Bauan in Batangas. The new $800 million terminal will be the largest privately
Red Sea crisis sees 2M separation go into reverse
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has
Inmarsat ‘Digital Wave’ Report explores importance of connectivity onboard ‘Floating Offi
LONDON : Inmarsat Maritime, a Viasat company, has launched a new report Digital Wave: Transforming vessels into floating offices and remote homes. The report explores the growing importance of
Saudi Red Sea Authority issues its First Marina Operator Licenses
RIYADH : Saudi Red Sea Authority (SRSA), the official regulator and key enabler of Red Sea coastal tourism, has issued the first three licenses for operators of the
AJAX Engineering becomes first Indian concreting equipment manufacturer to export Slip-form Paver
BENGALURU : AJAX Engineering, India’s premier concreting equipment manufacturer, becomes the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale
Largest made-in-Vietnam bulk carrier launched
HAI PHONG : The largest-ever made-in-Vietnam bulk carrier was recently launched by Nam Trieu Shipbuilding Company Limited in the northern Port City of Hai Phong. The 65,000 DWT