Indian Transport & Logistics

Shipping - Page 104

Container prices decline at LA/LB ports, global congestion continues, no link between reliability & freight rates

24 Nov 2021 3:59 PM IST
The average price for 40 ft high cube containers dropped 11 percent  from $4,863 in August to $4,342 in November at the port of Long Beach. At the...

China overtakes Japan to become No 1 ship owning nation

23 Nov 2021 6:56 PM IST
China has overtaken Japan to become the No. 1 ship owning nation with assets of over $191 billion.

ZIM launches new Indian subcontinent-East Mediterranean service

23 Nov 2021 1:59 PM IST
NYSE-listed ZIM Integrated Shipping Services will launch ZIM Indian Subcontinent-East Mediterranean Service (ZMI) - a new and improved service...

LA/LB ports delay dwell fees by a week; congestion continues globally

23 Nov 2021 1:32 PM IST
The Port of Los Angeles and the Port of Long Beach have announced further postponement of the container dwell fee. 

APM Terminals Mumbai secures new weekly intra-Asia service

23 Nov 2021 10:56 AM IST
APM Terminals Mumbai also known as Gateway Terminals India (GTI) has secured a new weekly intra-Asia service. 

Intense competition: next big thing in Indian ports & terminals industry

22 Nov 2021 12:59 PM IST
The next 10 years will be very critical for Indian ports and the economy that depends heavily on them. Everybody from port operators to govt, and from...

Automation can address port congestion, the current headache

22 Nov 2021 12:09 PM IST
Challenges during port automation include resistance from the workforce, especially at the major ports, lack of skilled manpower, issues of...

CMA CGM Q3 profit zooms to $6 billion on higher freight rates

22 Nov 2021 10:34 AM IST
French carrier CMA CGM net profit zoomed to $5.6 billion for the quarter ended September 30, 2021, and revenue increased 89 percent to $15.3 billion...

Container ships sent for demolition drops 94% 

19 Nov 2021 3:44 PM IST
Only two container ships were sent for demolition between June 30-October 25, a drop of 94 percent from 2020, as ship owners hold on to tonnage with...

Containers lost: small count but costs?

19 Nov 2021 3:04 PM IST
Bad weather, bad stowage, improper supervision and handling, and most importantly undeclared dangerous goods cargo are some of the key reasons why...

UN agency calls for faster vaccination of seafarers; sees freight rates to remain high

19 Nov 2021 2:18 PM IST
Designating seafarers as “key workers” and vaccinating them as a matter of priority is one of the 10 key suggestions by the United Nations Conference...

ZIM Q3 profit zooms to $1.46 billion on higher volumes, freight rates

17 Nov 2021 7:40 PM IST
Israeli carrier ZIM reported its highest-ever net income of $1.46 billion for the third quarter ended September 30, 2021, on higher freight rates and...
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