Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits. The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade…
The mining and commodities trading house run by billionaire Ivan Glasenberg, Glencore, has sold a 51 percent stake in its oil products storage business to China’s HNA Innovation Finance Group, the company said. The Transaction is subject…
CMA CGM, a leading worldwide shipping group, launches Saturday April 1st the 40 new maritime services of its new operational alliance OCEAN Alliance. Combining this new offer of maritime services with a global intermodal and logistics offer…
Mitsubishi Heavy Industries (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions…
APM Terminals Mobile welcomes Arkansas-based global retail giant Walmart’s plans for a new International Distribution Center to be opened 15 miles from the port. The sixth of Walmart’s US international distribution centers, the Irvington…
Hyundai Merchant Marine (HMM) announces the launch of a new North China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’. The CRN service covers the ports of ‘Qingdao-Shanhai-Ningbo-Pusan-Vladivostok-Vostochny-Pusan-Qingdao’ and will begin on March 31…
European Transport Ministers adopted Wednesday afternoon a ministerial declaration on maritime transport. The declaration outlines priorities for the EU's maritime transport policy, focusing on competitiveness, digitalisation and decarbonisation…
Mitsui O.S.K. Lines has announced that it acquired 20.9% share in PKT Logistics Group (PKT), a leading Malaysian logistics company. PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics…
Ports development and capacity augmentation is a continuous process in India, says the ministry of shipping. Government is regularly monitoring the Port projects to modernize and upgrade to increase capacity of the Major Ports and also…
International trade is expected to grow for the U.S. in 2017, as domestic economic conditions improve and the world economy accelerates, an economic forecaster said Wednesday at the Port of Long Beach’s 13th annual 'Pulse of the Ports Peak Season Forecast…
China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs.Freight shipping firms have been hit…
Port workers in Greater Rosario, from where 80 percent of Argentina's grains is shipped, suspended plans for a 24-hour strike on Thursday after a truck driver ran over and killed a protester, a union leader said.The driver drove through a line of protesters and had been drinking alcohol…
The Expansion, modernization and upgradation of shipping infrastructure in India is an on-going process to keep the ports abreast with new technologies and also to promote trade and cargo. The Government is committed to provide best possible infrastructure facilities to Indian shipping industry…
The ongoing project on national waterways ‘Jal Marg Vikas’ is a Rs 5,400-crore World Bank funded project on the Ganga, being developed between Allahabad and Haldia to cover a distance of 1620 km. The Jal Marg Vikas Project (JMVP) for…
Plans have been put in motion to develop a new intermodal container terminal on the lower Mississippi River. Designed to service the largest ocean carriers, the new 1,000 acre container terminal will be capable of docking vessels up to 20…