Cargo traffic at 12 major ports falls for eleventh month in February 2021
MUMBAI : India’s top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports’ apex body IPA. Cargo traffic at 12 major
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
Adani Ports and SEZ to bring rail operations under one platform
AHMEDABAD: Adani Ports and SEZ Ltd. (APSEZ) is set to form a single subsidiary to bring all its railway operations under one umbrella, sources said. The new platform, known as Adani Track Management Services
Exporters may have to wait longer to get RoDTEP benefits
NEW DELHI: Exporters will have to wait longer to get incentives under the new Remission of Duties and Taxes on Export Products (RoDTEP) scheme. Sources privy to the development said differences between the Commerce
Rules for new dry ports need review: Acto
NEW DELHI : The government’s move to limit the areas where Inland Container Depots (ICD) can be set up has put a spanner in the plans of private container train operators, prompting them to
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
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