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Sputnik reported that the first consignment of goods to be transported via the International North-South Transportation Corridor (INSTC) will depart from India's financial capital Mumbai to St Petersburg, Russia next...

Posted By : Nanda Koijam 12 hours 9 minutes ago
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Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw...

Posted By : Nanda Koijam 12 hours 11 minutes ago
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The dry bulk market looks to be on a tight rope as it balances its way out of the doldrums. Overcapacity will still linger on as 2018 is about to enter the foray. In an exclusive interview with Hellenic Shipping News...

Posted By : Nanda Koijam 12 hours 13 minutes ago
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Yonhap quoted Hyundai Heavy Industries Co., a major shipyard in South Korea, as saying that it has clinched a deal to build two very large crude carriers. Under the deal estimated at USD 166 million, Hyundai Heavy...

Posted By : Nanda Koijam 12 hours 15 minutes ago
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Build orders for South Korea’s rebounding shipbuilding industry are likely to reach the second highest in the world this year, following China, according to data by British shipbuilding and marine analysis agency...

Posted By : Nanda Koijam 12 hours 16 minutes ago
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Reuters reported that freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, could stay around the current levels or nudge slightly higher if shortage of vessels for prompt...

Posted By : Nanda Koijam 12 hours 19 minutes ago
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CMA CGM Group, a world leader in maritime transport, announced that it has completed the acquisition of MERCOSUL Line. MERCOSUL Line is one of the leading players in Brazil’s domestic container shipping market, the...

Posted By : Nanda Koijam 12 hours 21 minutes ago
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Following the rate collapse in 2016, contract rates on Asia-Europe took about a year to recover to the rates implied by the spot market. On the Transpacific, contract vs. spot misalignment is currently at 30-40 per...

Posted By : Nanda Koijam 12 hours 22 minutes ago
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A global network of centres of excellence in marine technology was officially launched earlier this week at the headquarters of the International Maritime Organization (IMO). The Directors of five regional Maritime...

Posted By : Nanda Koijam 12 hours 25 minutes ago
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Commenting on the much-awaited announcement recognising the logistics sector with infrastructure status, Mr R. Dinesh, Chairman, CII Institute of Logistics and Chairman for Sector Skill Council, said, "The logistics...

Posted By : Nanda Koijam 12 hours 27 minutes ago
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