CMA CGM acquires major Los Angeles terminal for US$2.3 billion
MARSEILLES : CMA CGM Group has signed an agreement to buy a 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT
Maersk ,the biggest shipping company of the World,reports 68% rise in revenue
COPENHAGEN : The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, reported a sharp rise in earnings amid strong worldwide demand for shipments of goods as the economy bounces
ECU Worldwide eyes investment to accelerate global network expansion
MUMBAI : India’s Allcargo is looking for investment to accelerate the development of its global network via ECU Worldwide, its LCL consolidator subsidiary. A note to the stock
DP World, HashMove sign agreement to integrate terminal off-dock & logistics services
KARACHI : Qasim International Container Terminal (DP World- Karachi) has signed an agreement to integrate Terminal Off-Dock and Logistics services with HashMove (a global multi-modal logistics platform) to
AZERBAIJAN INVESTMENT HOLDING signed MoU on participation in the WORLD LOGISTICS PASSPORT initiative
DUBAI : The World Logistics Passport (WLP) continues to expand its global footprint by signing a Memorandum of Understanding (MoU) with Azerbaijan Investment Holding (AIH), which will provide
JSR Group appoints Laxmi Narayan Gupta as Chairman
AHMEDABAD : JSR Shipping Services India Pvt Ltd (JSR) pleased to announce appointment of Mr. Laxmi Narayan Gupta (Retired Govt. Officer) as new Chairman of the company from 5th OCT 2021.
Adani Group mulls ARC businesses to purchase stressed assets in infra, real estate: Report
AHMEDABAD : Adani Group has applied for a licence from the Reserve Bank of India to open an asset reconstruction company (ARC) that will acquire distressed assets in
JNPT observed a week-long Vigilance Awareness Week-2021
MUMBAI : Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling ports, observed a week-long Vigilance Awareness Week at JNPT headquarters from 26th October to 1st
MOL gives the world a glimpse of future CO2 ships
TOKYO : Mitsui OSK Lines (MOL) and compatriot Mitsubishi Shipbuilding have completed a concept study for a large liquefied CO2 (LCO2) carrier that could potentially be the mainstream
Russia choose Northern Sea Route to Ship Cargo to Bangladesh
The route from St. Petersburg to Bangladesh via Murmansk and Vladivostok is about 3,200 nautical miles longer than sailing the cargo via the Suez Canal. Even the route