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Revenues for the second quarter stood at %u20B91,827 million as against %u20B91,992 million, lower by 8%. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) fell to %u20B91,029 million as compared to %u20B91,267 million in Q2FY20.

APM Pipavav reports 23% profit decline to ₹520 million for Q2 FY21

13 Nov 2020 1:22 PM IST
November 13, 2020: APM Terminals Pipavav reported 23 percent decline in net profit at ₹520 million for the second quarter ended September 30, 2020,...
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Tracking of containers through the networked exchange of data enables efficient asset planning for all entities involved utilizing data in near real-time to create end-to-end data visibility.

International Container Terminal Services joins TradeLens network

10 Nov 2020 10:07 AM IST
November 10, 2020: The Philippines-based International Container Terminal Services (ICTSCI), an international terminal operator operating in 19...
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He was virtually inaugurating the Ro-Pax terminal at Hazira and flagging off the Ro-Pax ferry service between Hazira and Ghogha in Gujarat.

PM renames ministry of shipping as ministry of ports, shipping & waterways

9 Nov 2020 11:52 AM IST
November 9, 2020: Prime Minister Narendra Modi on Sunday renamed the country’s ministry of shipping as the ministry of ports, shipping and waterways...
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Sanjay Sethi, chairman, JNPT reviewing the facilities at centralized parking plaza

JNPT opens new 45-hectare customs-enabled centralized parking plaza

31 Oct 2020 10:10 AM IST
October 31, 2020: Jawaharlal Nehru Port Trust (JNPT) has opened a new centralized parking plaza for container tractor trailers with customs...
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Citizens can submit their suggestions and opinions regarding the draft bill to coastalshipping2020@gmail.com latest by November 6, 2020.

India issues draft Coastal Shipping Bill, 2020 for public consultation

29 Oct 2020 2:28 PM IST
October 29, 2020: Ministry of shipping has today issued the draft of Coastal Shipping Bill, 2020 for suggestions from the stakeholders and the general...
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The traditional forwarder-carrier relationship is now being tested by Maersk%u2019s decision to offer an improved, integrated service. This essentially sees them competing for the same customer base.

Carriers stand strong with hike in long-term contracted rates: Xeneta

29 Oct 2020 12:39 PM IST
October 29, 2020: According to the latest Xeneta Shipping Index (XSI®) Public Indices report, in October leading carriers succeeded in not just...
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The facility is created in an area of 18,357 sqm inside the truck parking terminal which was developed under the Sagarmala for issuing customs clearance of export cargo i.e. factory stuffed/e-sealed containers.

Mansukh Mandaviya unveils direct port entry facility at Tuticorin Port

28 Oct 2020 5:01 PM IST
October 28, 2020: Minister for shipping Mansukh Mandaviya on Tuesday inaugurated the Direct Port Entry (DPE) facility of V.O. Chidambaranar Port...
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Credit Analysis and Research and Brickwork Ratings India have assigned "CARE AA+ " (Outlook: Stable) rating and "BWR AAA" (Outlook: Stable) rating respectively for the proposal to issue non-convertible debentures

GE Shipping to raise ₹150 crore through non-convertible debentures

27 Oct 2020 3:02 PM IST
October 27, 2020: India's largest private sector shipping company and the operator of dry bulk carriers and tankers, Great Eastern Shipping Company's...
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Mansukh Mandaviya, union minister of state for shipping and chemicals & fertilizers

Bringing new bill in parliament to promote coastal shipping: minister

26 Oct 2020 1:50 PM IST
October 26, 2020: A coastal shipping bill, which is expected to be tabled in parliament, will see an increase in the demand for manufacturing of...
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The company also delivered its 1996 built very large gas carrier Jag Vidhi to the buyers

G E Shipping takes delivery of 2002-built 77,922 cbm gas carrier Jag Vishnu

24 Oct 2020 3:12 PM IST
October 24, 2020: The Great Eastern Shipping Company (G E Shipping) took delivery of a 2002 built secondhand very large gas carrier Jag Vishnu of...
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The meeting was also attended by representatives of FIEO, FICCI, APEDA, CII and CSLA

Exporters raise scarcity of containers concern with commerce ministry 

24 Oct 2020 11:45 AM IST
October 24, 2020: In a high-level meeting with the ministry of commerce, the industry organizations of exporters, particularly handicrafts exporters,...
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The China India Pakistan service rotation: Shanghai %u2013 Ningbo %u2013 Shekou %u2013 Singapore %u2013 Port Kelang %u2013 Nhava Sheva %u2013 Karachi %u2013 Mundra %u2013 Colombo %u2013 Port Kelang %u2013 Hong Kong %u2013 Shanghai

ONE unveils new China-India-Pakistan service, starting from October 26

21 Oct 2020 12:28 PM IST
October 21, 2020: Ocean Network Express (ONE) today announced the new China-India-Pakistan (CIP) service, starting from October 26, 2020, as an...
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