Seacoast development policy on anvil; 225 projects identified: Mandaviya
NEW DELHI : A policy is on the anvil for development of seacoast and about 225 projects have been identified under it, Union Minister Shri Mansukh Mandaviya said
HMM Takes Delivery of First 16,000 TEU Containership HMM Nuri
SEOUL : HMM has announce that HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, starts its first voyage from the port of Busan in Korea. HMM’s
Container shipping’s orderbook-to-fleet ratio rockets up to 15%
FRANCE : Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on
ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020
HAIFA : ZIM Integrated Shipping Services Ltd. ,a global container liner shipping company, on Monday, 22nd March 2021 announced its consolidated results for the three and twelve months ended December
Supply bottlenecks leave container ships stranded
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off
CSSC delivers 6th LNG-powered giant to CMA CGM
JIANGNAN : China State Shipbuilding Corporation (CSSC) has named and delivered CMA CGM Montmartre, the 6th LNG-powered 23,000 TEU containership, to the French liner company CMA CGM. Built
Centre not handing over major ports to private parties: Mandaviya
NEW DELHI : The Centre is not handing over major ports to private parties and has only sought private sector participation in projects on PPP mode, Parliament was
India supplies second shipment of equipment to Iran’s Chabahar port
NEW DELHI : India has supplied the second shipment of equipment to Chabahar port in Iran, Union Minister Mansukh Mandaviya said on Monday. In January, India had supplied
Last ditch effort underway to salvage DP World-run transshipment terminal in Cochin Port
MUMBAI : The Centre-owned Cochin Port Trust and DP World are exploring ways to fund a ₹400 crore plan to deepen the channel of India’s only International Container
PSA Group’s volume & revenue up in 2020
SINGAPORE : PSA International Pte Ltd (PSA) handled 86.6 million TEUs in the year ended December 31, 2020, representing an increase of 1.7% from the previous year. PSA