Japanese carrier ONE and Taiwan’s Yang Ming today issued a transpacific network update to apply following the departure of Hapag-Lloyd from THE Alliance (THEA) next February. The separate announcements from the carriers follows pressure from customers for clarification during negotiations for new annual transpacific contracts where their duration could extend beyond the date of the […]
India’s export earnings from petroleum shipments fell steeply during the first 11 months of fiscal year 2024 due to the global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil. During FY2023, India, despite not being a major petroleum producer, expanded its export markets for refined petroleum products helped by the […]
The VOC Port Authority in Tuticorinis inviting global bids totalling USD 942 Million (Rs. 7,056 crore) for an outer harbour project that includes construction of two container terminals. This involves preparatory work such as dredging and building a breakwater at the port, with a capacity to handle 4 million TEUs. This is line with the […]
The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal announced a major investment of more than Rs 645 crores to develop 10 waterways projects under the flagship Sagarmala programme of the Ministry of Ports, Shipping & Waterways. The projects will be implemented with 100% financial assistance from the central government to enhance terminals and […]
The World Shipping Council (WSC) has announced plans to develop a new Cargo Safety Program for the transport of dangerous goods, with the not-for-profit organisation National Cargo Bureau (NCB) to act as the independent provider of the initiative’s digital platform. NCB’s Hazcheck software is already used for the detection, inspection, and validation of dangerous cargoes. […]