Odisha signs VGF agreement with MSC to start containerised cargo through Paradeep Port
BHUBANESWAR : The Odisha Government has signed an agreement with the Mediterranean Shipping Company (MSC) for Viability Gap Funding (VGF) to encourage containerised cargo export/import shipping through Paradeep Port. Saswat Mishra, Principal Secretary/MSME Department
MSC strengthens its Europe – South Africa network
GENEVA : Aiming to improve its Europe – South Africa network, MSC has announced the enhancement of its NWC to South Africa Service, effective from March, and the launch of a new feeder service
Red Sea crisis hit India’s trade : Container Shipping line MSC and CMA CGM suspend key routes
CAPETOWN : Mediterranean Shipping Company S.A, the world’s largest container shipping line, has suspended two services from India, one destined for the U.S. and the other for the Mediterranean. Concurrently, French carrier CMA CGM
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can send their vessels through the Red Sea if
MSC overtakes Maersk in becoming the World’s largest shipping line
GENEVA : MSC Mediterranean Shipping Company solidified its position as the most extensive shipping line in the world in 2023 with the addition of over one million TEUs (20-foot equivalent containers), per new numbers
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
CMA CGM close to top spot in intra- Mediterranean market
MARSEILLE : CMA CGM is about to surpass Mediterranean Shipping Company (MSC) as the largest intra-Mediterranean operator, according to Alphaliner. The French carrier has increased the number of ships and currently deploys much larger
MSC-Adani terminal deal at Ennore poised to boost South India trade flow
CHENNAI : MSC’s 49% stake acquisition in Adani Group‘s container terminal at Ennore Port, also known as Kamarajar Port, has the potential to boost direct calls out of India’s southern corridor as volumes build.