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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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Blue Water Lines and Abrao group offers an open invitation for exporters and importers wanting to move to blockchain e-BL and will support them as they move away from paper documents.

Blue Water Lines went live with e-BL; urges EXIM firms to join

27 Jun 2020 3:11 PM IST
June 27, 2020: The B2B marketplace powered by Portall Infosystems, P-CaSo, announced that Abrao Group of companies constituting – Omega Shipping,...
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The port handled 2,41,000 MT in the first half of 2020 and is aiming for 4,00,000 MT in H2 2020 considering post-Covid-19 forecasts.

Angré Port handles 1,38,000 MT cargo amid lockdown

27 Jun 2020 2:57 PM IST
June 27, 2020: The all-weather port in the Konkan region Angré Port has handled 1,38,000 tonnes of different types of cargo since March 2020 amid...
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Bissau port is served on fortnightly frequency during the cashew season from late June to September.

CMA CGM resumes seasonal Bissau-India-Vietnam cashew shuttle

26 Jun 2020 2:22 PM IST
June 26, 2020: CMA CGM resumed the seasonal Bijagos Shuttle service to help export the Bissau cashews from West Africa to India and Vietnam in June as...
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The cargo (Boiler parts) was 5.4mt by height has been the biggest challenge imposing on the team.

 Orchid Shipping moves over-dimensional boiler parts from India to Nigeria

23 Jun 2020 12:09 PM IST
June 23, 2020: Orchid Shipping executed a very critical shipment involving
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The shipping agent for the vessel was Sun Beam Logistics and stevedore agent was Chettinad Logistics.

Tuticorin Port creates record with 55,785T single day coal unloading

22 Jun 2020 12:49 PM IST
June 22, 2020: V.O.Chidambaranar Port Trust, Turicorin notched a back to back record by unloading 55,785 tonnes of coal in 24 hours at Berth No.9 from...
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ICTT continues to offer direct services from the Far East, South East Asia and the Middle East to Cochin, and from Cochin to the Far East, the Middle East, Europe and Mediterranean.

DP World Cochin recovers faster; records 59% growth in May over April

18 Jun 2020 3:12 PM IST
June 18, 2020, Cochin: The global logistics company DP World operated International Container Transshipment Terminal (ICTT) at Cochin handled over...
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The Indian Port Community System has seen the rapid three-fold growth of users since 2018 when Portall successfully won the tender to modernize the PCS.

Portall & CargoX to help India to digitalize bill of lading at ports

18 Jun 2020 2:14 PM IST
June 18, 2020: India is digitalizing its bills of lading and other trade documentation workflows as one of the last missing elements within the...
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