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Following several suspicions that undeclared rosewood may have been part of cargo shipments from the Gambia, the group has decided to halt its timber exports from the country until further notice.

CMA CGM tightens shipment control to fight illicit trafficking of protected species

9 July 2020 3:23 PM IST
July 9, 2020: The CMA CGM Group tightened its shipment control procedures for shipping protected species, the trade in which is regulated by the...
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The network was launched in 2019 to promote the benefits of enhanced integration, standardisation and data sharing among stakeholders in the maritime and transport logistics sectors.

MSC joins shipping collaborator platform Smart Maritime Network

8 July 2020 10:39 AM IST
July 8, 2020: MSC Mediterranean Shipping Company has joined the Smart Maritime Network, an industry membership group focused on increasing the...
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The port is witnessing green shoots of recovery post lockdown on account of a pickup in activity in steel, power and mining sectors.

Essar Ports handles 75% more cargo in June compared to April

7 July 2020 1:59 PM IST
July 7, 2020: Essar Ports has recorded a cargo handling of 11.23 million tonnes (MT) during Q1 FY21 ended on June 30, 2020, with June registering 4.41...
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The port also handled dry bulk shipments of 0.41 million metric tonnes and 0.21 million metric tonnes liquid from April to June 2020.

APM Terminals Pipavav handled 186k TEUs & 622 trains amid lockdown

7 July 2020 11:57 AM IST
July 7, 2020: Since March 24, APM Terminals Pipavav handled 18,60,00 TEUs and out of which 11,00,00 TEUs were transported by 622 container trains.
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The current CMA CGM regional office and Neptune Orient Lines will be redesigned as a major regional hub from October 1, 2020, as CMA CGM Asia Pacific Limited.

CMA CGM Group reinforces Singapore as its Asia-Pacific regional hub

7 July 2020 2:33 AM IST
July 7, 2020: The French shipping and logistics company CMA CGM Group announced the reinforcement of Singapore as its Asia-Pacific regional hub from...
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The shipping company will offer alternative weekly service offerings for Hazira - Jebel Ali by existing feeder partners.

Enormously challenging situation, Hapag Lloyd ends India Gulf Service 2

7 July 2020 1:59 AM IST
July 7, 2020: In a recent advisory, the German shipping line Hapag Lloyd announced the termination of its India Gulf Service 2 (IG2).
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Maersk will acquire KGH for a consideration of $279.0 million on a cash and debt-free basis equivalent to a multiple of 16.3x 2019 EBITDA before synergies.

Maersk to acquire Swedish customs broker KGH Customs Services

6 July 2020 3:09 PM IST
July 6, 2020: A.P. Moller - Maersk announced that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services...
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According to the latest report, rates fell by 1.8 percent in June, following on from a 1.2 percent decline in May.

Deploying capacity too soon can collapse ocean freight rates: Xeneta

4 July 2020 2:40 PM IST
July 4, 2020: XSI Public Indices June report from Oslo-based Xeneta raised the concern that shipping companies may release more capacity into the...
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Andre Simha, chief digital & information officer, MSC.

MSC launches Instant Quote function into its online bookings app myMSC

1 July 2020 5:31 AM IST
July 1, 2020: MSC Mediterranean Shipping Company has upgraded its e-business platform myMSC with the addition of a new online Instant Quote function....
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Since the projects are mainly driven by the private sector, given the steep economic contraction, many discretionary capital expenditure (capex) plans may be further postponed.

Sagarmala projects to delay 6-12 months; container volume to decline 12-15%: ICRA

30 Jun 2020 9:40 AM IST
June 30, 2020: The credit rating agency ICRA forecasts that the Indian port sector is likely to witness 5-8 percent contraction of cargo volumes in...
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This offers an alternative for customers in Karachi in Pakistan, as well as Kandla, Mundra and Nhava Sheva in India, with shipments to/from Saudi Arabia and Bahrain.

CargoGulf launches new service from Arabian Gulf to India & Pakistan

29 Jun 2020 2:27 PM IST
June 29, 2020: The independent global Non-Vessel Operating Common Carrier (NVOCC) CargoGulf launched its new AGISC (Arab Gulf Indian Sub Continent)...
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The center, which will be based in Copenhagen, Denmark, is made possible by a start-up donation of DKK 400m by the A.P. Mller Foundation.

Maersk Mc-Kinney Møller Center for Zero Carbon Shipping launched

29 Jun 2020 12:20 PM IST
June 29, 2020: A group of shipping industry players ABS, A.P. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and...
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