N Europe – Asia exporters face near 80% container capacity drop
Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed by a spike in capacity. Exporters
VPT targets 80 million tonnes cargo handling in FY 2021-22
VISAKHAPATNAM: The Visakhapatnam Port Trust (VPT) is targeting to handle 80 million tonnes of cargo in the 2021-22 fiscal. Despite Covid-19, VPT stood third among Major Ports in India for the second consecutive year
Ministry of Ports, Shipping & Waterways celebrates 58th National Maritime Day-2021
5th April is celebrated as the National Maritime Day India is changing, India is racing ahead, New India is being built like we were the Maritime leader in the past, India will lead the
MSC SAYS BLACK CARBON, ENVIRONMENTAL IMPACTS PROHIBIT ARCTIC PASSAGE FOR CARGO
MSC reaffirms commitment to avoid arctic cargo routes, helping to limit black carbon and other environmental impacts Geneva :In view of the recent public debate around container shipping in the Arctic, MSC Mediterranean Shipping
Hapag-Lloyd launches new service Asia – East Africa
Hapag-Lloyd is to launch a new service connecting Asia and East Africa in late April. This new East Africa Service 3 (EAS3) will offer direct weekly sailings between China, South-East Asia, Kenya and Tanzania
Suez chaos leaves shipping companies counting the ‘lost expenses’ cost
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m to save the SS Teo-led carrier.
Suez Canal blockage: impact for India will be evident by May-June
On March 23, 2021, the ultra-large Panama-flagged 20,388-TEUs 400-metre Evergreen-operated container ship MV Ever Given on route from Shenzhen, China to Rotterdam, Netherlands got stuck at Suez Canal and is causing a huge blockage