Skyroot Aerospace, KreditBee among latest startups to enter unicorn clubIndia's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...
Maersk CEO sees passing higher oil shock costs to customersA.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...
World’s largest container carrier plans route avoiding HormuzThe world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoi...
Trump’s Hormuz blockade has deepened a historic shipping crisisThe Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, ...
A.P. Moller Capital sets up Singapore officeA.P. Moller Capital, an asset management unit of the A.P.Moller Group, one of the world’s oldest and largest transportation and logistics c...
AP Moller – Maersk to launch Shaheen Express connecting the India–UAE–Saudi Arabia corridorIndia-UAE Comprehensive Economic Partnership Agreement (CEPA) entered into force in May 2022, which is steadily boosting the volumes of tra...
AP Moller - Maersk launches US-Korea air freight serviceAll U.S.-Korea flights will be operated by Miami-headquartered cargo airline Amerijet International.
Asia’s shortage of empty containers may worsen on Rotterdam jamHigh congestion levels at Rotterdam prompted shipping line AP Moller-Maersk A/S to inform customers last week it would be relocating unclai...
Shipping drifts off net-zero course without carbon levyThe Maersk Mc-Kinney Moller Center for Zero Carbon Shipping said such a levy could be introduced initially at as low as $50 per ton of CO2,...
Maersk appoints Vikash Agarwal as new MD for South AsiaAgarwal has had a track record of leading country-level operations with wide-ranging regional roles in the logistics industry, said the rel...
TCS appoints two new independent directorsMistry is the vice-chairman and CEO of Housing Development Finance Corporation and is on the board of Torrent Power Ltd.
Steps taken to enhance IT infra security at JNPT: GovernmentOne of the four terminals, run by Danish firm AP Moller- Maersk at JNPT, ranked among top 12 major ports in the country, was impacted by th...
Petya ransomware: Government working with Maersk to resolve situation at JNPTNational Cyber Security Coordinator Gulshan Rai said he, along with state and port authority officials, are at the venue to assess the situ...
Cost reimbursed by Indian agents for utilizing global telecommunication facility not taxable: SCSupreme Court held that payments received by taxpayer towards reimbursement of costs could not be termed as fees for technical services
In terms of growth opportunities, India is very high on the list: Nils S Andersen, Group CEO, AP Moller-MaerskIt is about east-west trade. It passes through India. There will be more frequencies and better service to India as well (by virtue of this...
- Shipping firms drop anchor to control carbon emissions
State-owned Shipping Corp, AP Moller Maersk, the world’s largest container line, and Bharati Shipyard are accelerating their moves to cut c...
- Nikhil Gandhi gets ministry, 4 global cos to invest Rs 600cr in Pipavav
After selling the special economic zone (SEZ) in Navi Mumbai to Mukesh Ambani, and Pipavav Port to AP Moller group of Denmark, Nikhil Gandh...