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The shipping company also informed that the surcharge may come back later as per its formula.

CMA CGM scraps low sulphur surcharge as VLSFO prices fall

4 Aug 2020 12:15 PM IST
August 4, 2020: In a notice to customers CMA CGM informed that it is scrapping its low sulphur surcharge from September 1, 2020, taking into...
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The shipping company registered a net profit of Rs 468 crore compared to a loss of 53.96 crore for the same period last year.

Great Eastern Shipping reports Rs 1,197 cr revenue & Rs 468 cr profit in Q1 FY21

3 Aug 2020 6:02 PM IST
August 3, 2020: The biggest Indian shipping liner The Great Eastern Shipping Company reported consolidated revenue of Rs 1,197 crore for the first...
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The Russian complex in the Caspian Sea will significantly reduce the time it takes to deliver goods from China and other Asian countries to Europe.

Russia to build port in Caspian Sea to connect India & Iran

3 Aug 2020 4:03 PM IST
August 3, 2020: Russia will be building a seaport with a capacity of 12.5 million tonnes in Kalmykia region near the city of Lagan in the Caspian Sea...
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This functionality will be available across ODeX and Logisys, Logisys Pro & Visual Impex.

Softlink partners with ODeX for efficient filing of VGM & Form 13

30 July 2020 6:35 PM IST
July 30, 2020: The two leading software platforms SoftLink Global and ODeX announced a partnership to help export-import trade by enabling custom...
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Patrik Berglund, CEO, Xeneta.

Shipping lines perform ‘delicate balancing act’ to hold long-term freight rates steady: Xeneta

30 July 2020 5:33 PM IST
July 30, 2020: According to the latest XSI Public Indices report from Oslo-based Xeneta, the shipping lines are safeguarding its vital long-term ocean...
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The new rates include the basic ocean freight and the Bunker-related surcharges other than LSS.

CMA CGM increases Freight All Kinds rates from Asia to Mediterranean

30 July 2020 3:15 PM IST
July 30, 2020: CMA CGM announced additional surcharges for Freight All Kinds rates from all out ports in Asia to the Mediterranean regions including...
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PCS lx and MbPT have also deployed a mechanism which will have the functionality to resend messages which may be not transmitted (sent/received) due to network error.

Mumbai Port completes PCS 1x API integration with all 36 messages

29 July 2020 1:29 PM IST
July 29, 2020: With the deployment of AGDORD - Agent Delivery Order message on July 13, 2020, Mumbai Port Trust (MbPT) completed its API integration...
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Ranjit Ray, CEO FTZ, DP World Subcontinent.

DP World’s Ranjit Ray appointed as World FZO’s national contact point in India

27 July 2020 2:41 PM IST
July 27, 2020: Ranjit Ray, heading FTZs for DP World Subcontinent has been appointed as the national contact point (NCP) of the World Free Zones...
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Abu Dhabi%u2019s waterways comprise 45,000 sq km along a 2,400 km stretch of coastline, which hosts 17 ports, 100 facilities, 1,000 companies, and provides for over 40,000 vessels per year.

ADP launches Abu Dhabi Maritime, primary custodian of Abu Dhabi’s Waterways

27 July 2020 1:29 PM IST
July 27, 2020: Abu Dhabi Ports, an ADQ company, has been assigned as the primary custodian of all of Abu Dhabi’s waterways and marine ecosystems,...
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The decision is estimated to increase the inland waterway traffic movement to 110 million metric tonnes (MMT) in 2022-23 from 72MMT in 2019-20.

India waives waterways usage charges to attract cargo into Inland waterways

25 July 2020 10:47 AM IST
July 25, 2020: Ministry of Shipping on Friday has waived the waterway usage charges, initially for three years, with immediate effect to promote...
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%u2018Your cargo has been rolled%u2019 %u2013 for customers, this message only brings disadvantages, such as delayed cargo, more administrative work and additional commercial costs.

Hapag-Lloyd launches ‘Loaded as Booked’ quality promise for customers

24 July 2020 1:05 PM IST
July 24, 2020: Under its Strategy 2023, Hapag Lloyd launched a new quality programme for its customers called Loaded as Booked to load more than 95...
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The company recently terminated its India Gulf Service 2 citing enormously challenging situation.

Hapag Lloyd increases tariff for freight from India to North Europe

24 July 2020 9:24 AM IST
July 24, 2020: The German shipping company Hapag Lloyd announced an increase its ocean tariff for all cargoes from Indian Subcontinent to North Europe...
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