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MAERSK FLEET EXPANSION
Maersk plans to expand fleet as CEO sees new era for shippingIn light of shifting shipping economics, Maersk is set to expand its container fleet, embracing market volatility as a path to increased pr...- 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...
- Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is now offering its vast logistics network to other companies. Businesses can use Amazon's services for moving, storing, and deliver...
- US stocks today: Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is entering the logistics market. It will now offer its vast network for businesses to store and ship goods. This move directly chal...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- CMA CGM eyeing more market share in India with capacity expansion plansCMA CGM plans to deploy additional capacity and upgrade services from India ahead of the summer season to capture an expected rise in volum...
- US to levy fees on China-linked ships, push allies to do likewise, draft executive order saysThe U.S. plans to impose fees on ships docking at its ports if they are part of fleets with Chinese-built or Chinese-flagged vessels. This ...
- Maersk tankers and competitors bet billions on ammonia fuel carriersSeveral shipping companies, such as Maersk Tankers, Mitsui OSK Lines, Trafigura, and Gunvor Group, are investing in ammonia tankers for 202...
- ET Startup Awards Alumni: where are they now?Previous winners of the ET Startup Awards (ETSA) have stood out amid a crowded ecosystem and have gone on to become successful businesses. ...
- Shipping companies are on a spending spreeMajor shipping firms are spending record profits on new models mostly from shipyards of Korea and China.
- Sea freight sector grapples with shortage of container shipsNew shipping capacity is now forecast to hit a record-matching level by 2023, steaming ahead as the post-pandemic recovery gathers speed.
- World economy is suddenly running low on everythingMattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at w...
- Giant container ship blocks Suez Canal after 'gust of wind' knocks it off courseAbout 12% of the world trade volume passes through the man-made canal, which is a major source of hard currency for Egypt. Tankers have sta...
- Gujarat Pipavav Port put up for sale by APM TerminalsIt has mandated HSBC to run a formal sale process and find a new buyer, said multiple sources aware of the development.
- Shipping, container firms show first signs of recovery in exportsThe exports data reported by government are in dollar terms and are catching up, after contracting for all but one month since December 201...
- SCI divestment expected to rake in Rs 800cr
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