‘Win-win’ for shipowners, with charter market rates and vessel values soaring
Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”. This week, shipbroker
CMA CGM to operate, manage Port of Alexandria’s new terminal
Egypt confirmed its plans during the visit of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group. As informed, the partnership will also include the
OOIL announces plans to issue New Shares on the Market
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our
Last mile connectivity & feeder routes of DFCs should be completed simultaneously: Goyal
Mr Piyush Goyal, Minister for Railways and Commerce & Industry, this week again reviewed the progress of various sections under completion of the Dedicated Freight Corridors (DFC), both
Hapag-Lloyd significantly improves operating result in 2020
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more than USD 3 billion
BIMCO publishes Sanctions Clause for the container trade
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties
DB Schenker connects the World: First three-continent routes as part of extended Global flight netwo
ESSEN/MUNICH: In light of the COVID-19 pandemic, DB Schenker has extended its global flight network. For the first time in its company history, own-controlled flights connect America, Europe
India must remain an integral part of Global economy : Niti Aayog CEO Amitabh Kant
NEW DELHI: India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog
Bahri Ship Management receives ISO 45001 certification for occupational health and safety
RIYADH: Recognizing its sustained efforts to ensure a safe and healthy work environment, Bahri Ship Management, one of five business units within Bahri, a global leader in logistics
Kochi Port calls for dredge and deepen channel
The Cochin Port Trust has woken up to the virtues of deepening the channel of its container loading terminal, acknowledging that its transhipment ambition has been weakened by