A record-breaking 44 Container Vessels are stuck off the Coast of California
CALIFORNIA : Forty-four freight ships are stuck awaiting entry into California’s two largest ports, the highest number recorded since the beginning of the COVID-19 pandemic, the Marine Exchange of Southern California reported on Saturday. The queue is a
COSCO SHIPPING Ports announces 2021 Interim Results capturing Strategic Development Opportunities, Continuing to Enhance Lean Operations
SHANGHAI : COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced the interim results of the Company and its subsidiaries (the “Group”) for the 6 months ended 30 June 2021. 2021 Interim Results
Action plan is in place to protect the port’s Cargo traffic from slipping away : VPT Chairman
VISAKHAPATNAM : With the Andhra Pradesh government approving Adani Ports and Special Economic Zone Limited’s (APSEZ) proposal of acquisition of 10.4 percent stake of Gangavaram Port Limited (GPL), the landscape of maritime transport is
Shipping Industry in India: Prospects for Foreign Investors
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international trade by volume. Therefore India is
Levelling the playing field in maritime shipping
European shippers at home and abroad face increasingly unfair competition from China’s state-owned shipper, COSCO. But there are several measures the EU could use to counter this, argues Jacob Gunter. When COSCO, China’s gigantic
California congestion nears New High, East Coast gridlock worsens
CALIFORNIA : It’s only mid-August — the early days of peak shipping season — but the record for container ships anchored off California is already on the verge of being broken. Port congestion is
Ningbo-Zhoushan port steady after COVID closes terminal
BEIJING : According to the operation updates of Ningbo Zhoushan port, the port completed the container volume of 85,000 teu, 64,000 teu and 77,000 teu during 11 and 13 August. The average day container throughput of
MoPSW’s new scheme to support Shipping Industry
NEW DELHI : The total number of ships under Indian flag is 1488 with gross tonnage of 12.96 million tons. India ranks 18th in the World’s Shipping Tonnage. Details of the Scheme are mentioned as
