Suez Canal block could hit product supply chains. Here’s why?
Efforts continued on Thursday to dislodge the EVER GIVEN container ship and restore traffic on the critical man-made waterway that connects the Mediterranean to the Red Sea and provides a shipping shortcut between Europe
Companies Consider Alternative Routes, Assess Costs as Suez Canal Blockage Continues
European and international companies are bracing for possible rising costs and growing supply-chain complications as the blockage of the Suez Canal heads into a fourth day amid signs of still longer backlogs. Retail and manufacturing
CONCOR MIHAN flags off KEC’s export rake to Afghanistan
MIHAN : CONTAINER Corporation of India Ltd having its Multimodal Logistics Park (MMPL) at MIHAN in Nagpur, a public sector undertaking under the Ministry of Railways, added another feather to its cap by flagging
Govt hopeful of resolving Iran’s currency issue by next month; export to resume soon
NEW DELHI: As India’s export of commodities like sugar to Iran has been hit due to Tehran’s rupee reserves shortage with Indian banks, the government recently said the two nations are negotiating for the
Suez Canal blocked after large container ship runs aground
EGYPT: A large container ship ran aground in Egypt’s Suez Canal on March 23, blocking the crucial international trade artery and causing a major traffic jam of shipping vessels at both ends. Both, the
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 here on Wednesday, 24th March. The
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 16,000 TEU container vessels have been
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 the tonnage with Alphaliner suggesting IMO’s