Indian Transport & Logistics

Shipping - Page 89

APM Terminals Mumbai to invest $115 mn to increase container handling capacity

14 Feb 2022 8:42 PM IST
February 14, 2022: APM Terminals Mumbai, also known as Gateway Terminals India (GTI), will invest $115 million in infrastructure development to...

CMA CGM decides not to carry plastic waste on its ships

14 Feb 2022 12:59 PM IST
From June 1st, the Group will no longer carry plastic waste on board any of its ships worldwide to help protect the oceans and biodiversity and to...

WSC outlines 6 pronged strategy to IMO to meet zero carbon shipping goal

14 Feb 2022 2:24 PM IST
The paper recommends 'green corridors' as a practical mechanism for the IMO, member states, and industry to focus investments in a manner that enables...

ZIM spends $870 million to charter 13 vessels

11 Feb 2022 11:28 AM IST
NYSE-listed Israeli carrier ZIM Integrated Shipping Services signed a charter agreement with Navios Maritime Partners L.P. to charter thirteen...

Sea-Intelligence estimates recovery to take 8-9 months

10 Feb 2022 4:00 PM IST
While Covid is now entering an endemic phase, supply chain problems continue to plague the industry.

Maersk buys US-based Pilot Freight Services for $1.6 billion

9 Feb 2022 4:09 PM IST
Continuing its vertical  integration moves, Danish carrier Maersk plans to acquire US-based Pilot Freight Services for $1.6 billion from ATL Partners,...

Maersk reports 55% increase in 2021 revenue to $61.8 billion

9 Feb 2022 3:12 PM IST
High freight rates and integration into logistics saw Danish carrier A.P.Moller-Maersk report a 55 percent in revenue to $61.8 billion in 2021, EBITDA...

Schedule reliability plunges to 35.8% in 2021; 14% sailings cancelled

8 Feb 2022 6:07 PM IST
The schedule reliability of global carriers dropped from 78 percent in 2019 to 63.9 percent in 2020 and then to 35.8 percent in 2021 - the lowest...

AD Ports FY21 revenue up 14% on volume growth, biz diversification

8 Feb 2022 5:31 PM IST
AD Ports Group reported a 14 percent increase in revenue to AED3.9 billion ($1.1 billion) for the full year 2021 on record cargo and container...

Maersk installs automated weather stations on 50 vessels

7 Feb 2022 8:18 PM IST
Danish carrier A.P.Moller-Maersk has, in collaboration with the National Meteorological Service of Germany, Deutscher Wetterdienst (DWD), installed...

Container prices continue to rise, up 35-50% across Indian ports

4 Feb 2022 7:29 PM IST
Key areas of concern for Indian exporters have been the high container costs and increasing freight rates. And there seems to be no let up in sight....

Maersk Mumbai safely afloat, to continue voyage soon

4 Feb 2022 6:01 PM IST
Danish carrier Maersk confirmed that their vessel Mumbai Maersk, which ran aground outside Bremerhaven, Germany on  February 2, is safe afloat. 
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