Gradual improvement in imports helping to shore up container shortage issue, says Maersk
MUMBAI : Mr. Steve Felder, MD, South Asia, Maersk, said that as the lockdown and curfews set in and production stopped, exports dropped sharply almost overnight and it was difficult to move goods around
MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business
TOKYO : Mitsui O.S.K. Lines, Ltd., MOL, President & CEO Mr. Junichiro Ikeda recently announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship management company for liquefied CO2 carriers, marking
Global Shipping Business Network officially incorporated in Hong Kong
HONGKONG : Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate the Digital Transformation of the Shipping
Hapag-Lloyd publishes annual report and confirms significant earnings growth for 2020
HAMBURG : Hapag-Lloyd published its annual report with audited business results for the 2020 financial year today. In the reporting year, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to more than
DP World announces resilient financial results for 2020
DUBAI : DP World Limited announces robust financial results for the year ended 31 December 2020. On a reported basis, revenue grew 11.0% to $8,533 million and adjusted EBITDA grew 0.4% to $3,319 million
India places faith in Adani Group to build strategic box terminal in Colombo port
NEW DELHI : When India struck a government-to-government deal with Sri Lanka to build and run the West Container Terminal (WCT) at Colombo port to check China’s growing clout in the region, it turned
Gujarat’s Alang ship breakers’ business boosts due to global trade slowdown
BHAVNAGAR : The Indian ship-breaking industry is sailing towards a 10 per cent revenue growth this fiscal on-year owing to improved availability of condemned vessels and higher rates for steel scrap, says a CRISIL
Concor privatisation draws interest from DP World, Adani and Vedanta
NEW DELHI : A clutch of global and Indian companies such as DP World, PSA International, Adani Group, Vedanta Group, Gateway Distriparks, Allcargo Logistics and investment behemoth Canada Pension Plan Investment Board (CPPIB) will