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Logistics
CMA CGM updates FAK rates from Asia to North Europe
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MARSEILLE : French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to!-->…
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ZIM overtakes Yang Ming in global liner rankings
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HAIFA : Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung!-->…
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Maersk resumes Panama Canal transit service as rainy season approaches
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COPENHAGEN : AP Moller-Maersk will resume Panama Canal transits on an east-west service that was suspended because of low water levels. Panama Canal increases transits!-->…
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CONCOR to gain from dedicated freight corridor, says MOSL
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NEW DELHI : Container Corporation of India Ltd. (CONCOR) will be a key beneficiary of the Dedicated Freight Corridor (DFC), which is likely to result in volume growth!-->…
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Container removal begins on MV Dali that collided with Baltimore’s Key Bridge
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BALTIMORE : Workers on Sunday began removing containers from the giant cargo vessel that remains pinned under the metal remains of Baltimore’s Key Bridge, nearly two weeks!-->…
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MSC faces financial penalty of over US$63 million relating to reefer overcharges
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GENEVA : Mediterranean Shipping Company (MSC) is facing a fine of at least US$63 million after the US Federal Maritime Commission (FMC) accused the world’s largest liner!-->…
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Evergreen suspends Haiti calls amid security concerns
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TAIPEI : Due to the escalating security concerns in Port-au-Prince in Haiti and the heightened levels of street violence, Evergreen has decided to suspend all calls at the!-->…
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Houthis claim to have fired rockets and drones at Israeli, US, and British ships
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YEMEN : Houthi forces in Yemen claimed to have launched rockets and drones at British, US, and Israeli ships, the latest in a campaign of attacks on shipping in support of!-->…
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Maersk’s new warehouse in Sri Lanka to strengthen integrated logistics solutions for customers
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COLOMBO : A.P. Moller – Maersk (Maersk) inaugurated its brand new warehouse in Sri Lanka at Wattala, spread over 100,000 sq. ft. Present at the inauguration were Mr. Vikash!-->…
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Indian road logistics industry revenues to grow at 3%-6% in FY25 says ICRA
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NEW DELHI : The Indian road logistics industry’s revenue will remain range-bound and grow at a slower pace of 3-6 per cent in the current financial year, rating agency ICRA!-->…
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