Shipping
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.
Gail and Vitol sign 10-year LNG supply contract
08 Jan 2024
Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a million tonnes of LNG
COSCO halts shipments to Israel amid Red Sea disruptions
08 Jan 2024
In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.
Freight rates soar as shipping companies skip Red Sea lanes
07 Jan 2024
Shipping rates between Asia and the West have soared on reduced freight capacity as shipping companies change route amidst rising attacks on merchant ships in the Red Sea region.
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Denmark's Maersk considers route options following an attack on a vessel
02 Jan 2024
Denmarkâs shipping giant, Maersk, is set to decide on Tuesday, 2 January 2024, regarding the navigation of its vessels through the Suez Canal via the Red Sea.
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