India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher in a fresh era of competition,
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates “continue to lose ground, bending under
ABB to power Samskip’s revolutionary hydrogen-fueled container vessels
ZURICH : ABB, a Swedish-Swiss Multinational Corporation, is set to deliver a comprehensive power distribution system for Samskip Group‘s groundbreaking hydrogen-fueled container ships. These vessels, constructed by Cochin Shipyard Ltd in India, are slated
Maritime industry explores Nuclear Power for ships, faces challenges
GENOA : According to Industry officials, the maritime sector is currently exploring the feasibility of employing nuclear fuel to power commercial ships, driven by technological advancements that are expanding the range of options available.
CMA CGM and Maersk enter into decarbonisation partnership
MARSEILLE / COPENHAGEN : Two of the largest container shipping companies, Maersk and CMA CGM have decided to collaborate on decarbonisation initiatives. Both ocean carriers believe that working together can assist in accelerating the
Global production of shipping containers piles up at major ports because of lack of demand for goods
LONDON : Global production of shipping containers has fallen significantly as demand for goods sank following the easing of pandemic restrictions, leaving the corrugated steel boxes piled up at major ports. Figures provided to
Container shipping under pressure as peak season hopes dim
LONDON : One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the spot market. Shipping lines would heavily
Evergreen’s new terminal in Kaohsiung to boost container volumes
KAOHSIUNG : Taiwan International Ports Corporation (TIPC) Chairman Lee Hsien-yi stated on 5 May that the newly built No. 7 terminal in Taiwan’s Kaohisung port is the country’s first fully automated container terminal, and