Shipping
US port workers call off strike after tentative wage deal with employers
04 Oct 2024
US port workers across the East Coast and the Gulf of Mexico called off their three-day strike on Thursday, following a tentative deal with the employers group
East Coast dockworkers’ strike halts half of US port operations
02 Oct 2024
Dockworkers across 36 ports in the US East Coast and the Gulf of Mexico struck work on Tuesday over dispute with employers over wages and other issues
Govt launches `Cruise Bharat Mission’ to boost cruise tourism in India
01 Oct 2024
The central government has added ‘Cruise Bharat Mission’ to the long list of mission mode schemes that aim at revitalising various sectors of the economy.
CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil
23 Sep 2024
French shipping giant CMA CGM has acquired 48 per cent stake in Brazilian port terminal operator Santos Brasil Participacoes, for about $1.15bn
CMA CGM launches new service connecting Indian subcontinent and US East Coast
18 Jun 2024
French shipping and logistics company CMA CGM on Monday announced the launch Indamex, a renewed shipping service to cater to the rising demand between Indian subcontinent and the US East Coast.
CMA CGM to invest $1.6 bn in energy transition fund
26 Feb 2024
Shipping giant CMA CGM has proposed to invest $1.6 billion (Euro 1.5 billion) over five years to create an energy fund to support its planned transition to a zero emission company.
MSME shipyard in Thane builds missile barges for Indian Navy
25 Jan 2024
Indian Navy on Wednesday took delivery of the first Ammunition-cum-Torpedo-cum-Missile (ACTCM) barge of the LSAM series (LSAM 19) built by Thane, Maharashtra-based private shipyard Suryadipta Projects Pvt Ltd.
Hapag Lloyd hikes dry cargo rates from Canada to India, Middle East to $150/TEU
22 Jan 2024
German shipping group Hapag Lloyd has announced a general rate increase (GRI) from Canada West Coast to Middle East and the Indian subcontinent for dry cargo transported in 20TEU and 40 TEU containers
French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million
21 Jan 2024
French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.
India to invest over Rs45,000 cr to develop inland cruise tourism
09 Jan 2024
The Inland Waterways Development Council, which held its first meeting in Kolkata, on Monday, committed Rs45,000 crore for the development of River Cruise Tourism in India over the next 23 years ending 2047.
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