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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...

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...

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...

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)...