Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from
CH Robinson third quarter air cargo volumes dip
MINNESOTA : Multimodal third-party logistics service provider (3PL) CH Robinson saw air cargo volumes within its forwarding unit drop in the third quarter as it grappled with a
Wärtsilä and Seaspan transform maritime operations with SmartDock autodocking system
HELSINKI : Wärtsilä ANCS, part of technology group Wärtsilä, has delivered to Seaspan, a marine transportation and shipbuilding company, the cutting-edge autonomous SmartDock capabilities to the seas. This
FTAs can’t be used to damp steel : Piyush Goyal
NEW DELHI : India, in ongoing talks on several Free Trade Agreements, may push for clauses to ensure that steel products imported from the partner country are manufactured in
Adani Group’s port terminal project secures $553 million funding from U.S. DFC : Karan Adani
COLOMBO : The U.S. International Development Finance Corporation (DFC) has recently pledged $553 million in funding for the Colombo West International Terminal Pvt. Ltd. (CWIT) project, a consortium
CONCOR’s new CMD discussed about rate hike by the Indian Railways on Container traffic
NEW DELHI : In a recent announcement, Shri Sanjay Swarup, the newly appointed Chairman and Managing Director of Container Corporation of India Ltd (CONCOR), outlined his vision and
Gujarat Pipavav Port net profit grows 51 pc to over Rs 107 cr in Jul-Sep
PIPAVAV : Gujarat Pipavav Port Ltd on Wednesday posted a 51 per cent rise in consolidated net profit at Rs 107.6 crore for the September quarter, helped by
JSW Infra looks to bid for ports under govt’s privatisation plan
MUMBAI : JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring
Maharashtra Cabinet approved the state’s first Export Incentive Policy
MUMBAI : The Maharashtra Cabinet on Wednesday approved the state’s first export incentive policy which is aimed at generating investments worth Rs 25,000 crore. The state plans to have a
Second Chinese ship carrying ship-to-shore crane for Vizhinjam Port to arrive on Nov 9
THIRUVANANTHAPURAM : A second Chinese ship will be arriving at the international deep-sea facility in Vizhinjam today on November 9, sources at the port said on Wednesday. The ship, Zhen