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While the demand surge in the second half of year created supply chain bottlenecks, including vessel and container shortages, and led to higher rates that contributed approximately $1.5 billion to results,

Maersk reports 44% EBITDA growth to 8.2 billion in 2020

11 Feb 2021 3:44 PM IST

February 11, 2021: Despite low volumes during most of 2020, A.P. Moller – Maersk’s profitability grew throughout the first nine months and ended the...

The new bill has proposed a simplified composition of the Board of Port Authority which will comprise of 11 to 13 members from the present 17 to 19 members representing various interests.

India passes Major Port Authorities Bill to establish landlord port model

11 Feb 2021 12:59 PM IST

February 11, 2021: Indian Parliament on Wednesday passed the Major Port Authorities Bill, 2020 that aims at decentralizing decision making and infuse...

India%u2019s port volumes grew 4 percent YoY (November 2020: 3 percent YoY) while e-way bill generation increased 16 percent YoY during the month. Railway volumes also rose 9 percent YoY in December 2020 (November 2020: 9 percnet YoY).

Logistics sector continued to report sequential recovery in Dec 2020: Ind-Ra

9 Feb 2021 10:41 AM IST

February 9, 2021: India Ratings and Research (Ind-Ra) has published the December 2020 edition of its credit news digest on India’s logistics sector...

Vikash Agarwal will join the organisation on March 1, 2021 and will work closely with Steve Felder who will step down at the end of March 2021 to explore new opportunities within A.P. Moller %u2013 Maersk.

Maersk appoints Vikash Agarwal as new MD for South Asia from March 1

8 Feb 2021 3:31 PM IST

February 8, 2021: Maersk has appointed Vikash Agarwal as its new managing director, Maersk South Asia and he will join the organisation on March 1,...

JNPT records 9% YoY container growth in Jan 2021 with 465,084 TEUs

5 Feb 2021 5:45 PM IST

February 5, 2021: Jawaharlal Nehru Port Trust (JNPT) handled 465,084, twenty-foot equivalent units (TEUs) in January 2021, clocking a growth of 9.14...

Ryan Best will assume responsibility in the leadership team of Maersk West Central Asia starting April 2021.

Maersk appoints new regional head of logistics in West Central Asia

1 Feb 2021 12:52 PM IST

February 1, 2021: Maersk has appointed Ryan Best as new regional head of logistics & services for West Central Asia (WCA) effective April 2021.