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The EBITDA margin increased to 18.9 percent from 14.1 percent in the same quarter last year.

Maersk reports 25% profit growth & 6.5% revenue drop for Apr-Jun quarter

19 Aug 2020 12:04 PM IST
August 19, 2020: In the April-June quarter (Q2) of 2020, A.P. Moller – Maersk’s revenue decreased by 6.5 percent to $9 billion, driven by a volume...
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Ahmed Bin Sulayem, group chairman & CEO, DP World and Ramesh S Ramakrishnan, chairman, Transworld Group & Shreyas Shipping and Logistics, during the signing ceremony.

DP World acquires Transworld to bolster its Indian logistics portfolio

19 Aug 2020 11:17 AM IST
August 19, 2020:  Unifeeder, through its Unifeeder ISC (Indian Subcontinent) platform, a majority-owned subsidiary of DP World, today announced the...
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New rotation: Mundra %u2013 Nhava Sheva %u2013 Colombo %u2013 Haifa %u2013 New York %u2013 Savannah %u2013 Charleston %u2013 Freeport %u2013 Houston %u2013 Freeport %u2013 Gioia Tauro %u2013 King Abdullah Port %u2013 Abu Dhabi %u2013 Jebel Ali %u2013 Karachi Port Qasim %u2013 Mundra

MSC extends Indus service to Colombo to link US with East India

17 Aug 2020 2:16 PM IST
August 17, 2020: MSC announced the enhancement of its Indus service with a new port call at Colombo in Sri Lanka to help customers in the United...
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APSEZ reported a throughput of 41.5 MMT, operating revenue of Rs 2,293 cr, consolidated EBITDA of Rs 1,438 cr, and PAT of Rs 758 cr for Q1 ended on Jun 30.

Mundra beats JNPT in Q1 volumes; becomes India’s largest container handling port

12 Aug 2020 1:14 PM IST
August 12, 2020: Mundra Port of Adani Ports and Special Economic Zone (APSEZ) has beaten Jawaharlal Nehru Port Trust (JNPT) in Nhava Sheva to become...
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Operating from Khalifa Port, the new direct service will be served by a fleet of eight vessels on rotation, ranging in capacity between 10,000 to 13,000 TEU.

CSP Abu Dhabi launches new direct services to Nhava Sheva & Mundra

12 Aug 2020 11:47 AM IST
August 12, 2020: CSP Abu Dhabi Terminal, the first overseas greenfield project of COSCO SHIPPING Ports Limited, has announced the start of a direct,...
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He was launching the submarine Optical Fibre Cable (OFC) connecting Andaman & Nicobar Islands to the mainland through video conferencing.

Rs 10k crore transshipment port to be build at Great Nicobar: Narendra Modi

11 Aug 2020 5:00 PM IST
August 11, 2020: Prime minister Narendra Modi on Monday announced the plan to build a transshipment port worth ten thousand crore at Great Nicobar and...
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The new regulation stipulates changes in timelines and requirements for advance notice by shipping lines (vessels) arriving in India and exports through shipping lines (vessels) out of India.

Indian customs defers SCMTR implementation to Sept 30

10 Aug 2020 12:17 PM IST
August 10, 2020: Central Board of Indirect Taxes and Customs (CBIC) deferred the implementation of Sea Cargo Manifest and Transhipment Regulations...
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Pieter Boshoff, CEO of Remy InfoSource

DP World renews contract with Remy InfoSource for iSpec

7 Aug 2020 5:57 PM IST
August 7, 2020: DP World has renewed the contract for deployment of the web and mobile-based procurement solution for capital-intensive equipment...
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ME2 westbound rotation: Mundra - Jawaharlal Nehru - Salalah - Port Tangier Mediterranee - Algeciras - Valencia MSC - Fos sur Mer - Vado Ligure.

Maersk suspends ME1, connects ME2 to India and revamps AE1 & AE7

7 Aug 2020 5:26 PM IST
August 7, 2020: A.P. Moller - Maersk announced changes to its network between Europe and the Middle East & Indian Subcontinent (West Central Asia) by...
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The port handled 1,86,000 TEUs down from 2,21,000 TEUs in Q1FY20.

APM Pipavav reports Rs 1,590 mn revenue & Rs 481 mn profit in Q1 FY21

7 Aug 2020 12:35 PM IST
August 7, 2020: APM Terminals Pipavav (Gujarat Pipavav Port) reported 13 percent decline in consolidated net profit at Rs 481 million for the first...
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In July, Hindustan Infralog (HIPL), a joint venture between DP World and NIIF, announced an investment of Rs 1,000 crore to develop the Nhava Sheva Business Park at JNPT.

JNPT registers 19% container volume growth in July from June 2020

4 Aug 2020 3:04 PM IST
August 4, 2020: Jawaharlal Nehru Port Trust (JNPT) registered a throughput of 344,316 TEUs in container handling in July 2020, which was 19 percent...
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The port operator handled 33.9 million TEU (twenty-foot equivalent units) in the first half.

DP World container volume fell 8% in Apr-Jun quarter & 4% in 1H 2020

4 Aug 2020 2:10 PM IST
August 4, 2020: Across the global portfolio of DP World container terminals, container volumes fell by 7.9 percent in the April to June quarter and...
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