Indian Transport & Logistics

Shipping - Page 98

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. 

Maersk carrier runs aground off Germany

3 Feb 2022 6:36 PM IST
Danish carrier A.P.Moller-Maersk confirmed that Mumbai Maersk, with a capacity of 19,630 TEUs, ran aground outside Bremerhaven, Germany.

Kale Logistics’ port community system goes live at Port of Rembang, Indonesia

3 Feb 2022 2:39 PM IST
Kale Logistics Solutions (Kale), trusted IT solutions provider for the global logistics industry, has implemented its CODEX Port Community System...

Freight rates down marginally but CNY “clearly different”

2 Feb 2022 1:51 PM IST
The Shanghai-Los Angeles short-term freight rates for 40' standard dry container dropped slightly ($8,044–$8,035) in the first two weeks of January...

Hapag 2021 earnings zoom to $12.8 billion on higher freight rates

1 Feb 2022 7:45 PM IST
German container carrier Hapag-Lloyd reported an over 300 percent increase (provisional) in earnings before interest, taxes, depreciation and...

Maersk to share 9 million weather observations to aid climate studies

27 Jan 2022 4:06 PM IST
Danish carrier A.P.Moller–Maersk (Maersk) will release all historical and future ocean weather observations into the public domain for free use by the...
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