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MEDITERRANEAN SHIPPING CO.
Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...- Three crude oil tankers exit Strait of Hormuz with trackers switched off, data showsCrude oil tankers are taking precautions to avoid Iranian attacks. Vessels are switching off trackers when exiting the Strait of Hormuz. Th...
- 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...
- Italian Defence Minister Crosetto’s bilateral visit strengthens the Indo-MediterraneanRising conflicts in the Indo-Mediterranean, especially after the October 7 attack on Israel and disruptions like the Strait of Hormuz closu...
- China eyes Arctic shortcut as top container lines stay awayChina explores the Northern Sea Route for cargo. Major shipping companies like MSC and Maersk avoid this Arctic passage. They cite environm...
- Greek PM plans second India trip in as many years to woo investorsGreek Prime Minister Kyriakos Mitsotakis is set to visit India in February for the second time in two years. The visit will focus on streng...
- Adani Ports to raise investment to ₹10,000 crore for new transshipment terminalThe investment in the first-of-its-kind Vizhinjam port in the state of Kerala is part of the second phase of the project that is expected t...
- Deutsche Bahn invites fresh bids for €15 billion logistics armDeutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.
- Yemen's Houthi rebels claim 2 attacks in Gulf of Aden, another unreported in Indian OceanYemen's Houthi rebels claimed responsibility for missile attacks on two Panama-flagged container ships in the Gulf of Aden, which caused no...
- Longer disruptions at Red Sea trade route may hurt auto, electronics production: GTRIThe Global Trade Research Initiative (GTRI) warned that longer disruptions at the Red Sea trade route can harm manufacturing lines of secto...
- Maersk, Hapag-Lloyd team up in shakeup of ship alliancesThe announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipp...
- Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRIThe situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocea...
- Shipping's $500 billion profit can take on AmazonIndeed, by the end of 2022, the container-shipping industry will have earned a staggering half a trillion dollars of operating profit from ...
- War shocks ripple across one of the world’s busiest trade lanesMediterranean Shipping Co. and A.P. Moller-Maersk A/S, the world’s biggest container carriers, on Tuesday halted bookings for Russian freig...
- Maersk overtaken as world’s no.1 shipping line by MSCAfter struggling to make money for much of the past decade, the container shipping industry just had its most profitable year ever as pande...
- One of world’s busiest ports is back to business after Covid jamMajor shipping lines such as A.P. Moller Maersk A/S and Mediterranean Shipping Co. have been avoiding the port, where tighter health and sa...
- Suez snarl seen halting $9.6 billion a day of cargo businessA back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive container vessel th...
- Another ship in rough Pacific Ocean spills containers overboardThe incident is at least the second time this year, and the third time in less than 10 weeks, that a notable number of containers have fall...
- ‘Shipping profits of Swiss companies not taxable in India’Provisions exempting shipping profits from tax liability in India would apply under the India -Switzerland Double Taxation Avoidance Agreem...
- MSC Chitra waiting to be liftedMediterranean Shipping Co (MSC) has suspended unloading operations of containers remaining on MSC Chitra, which was grounded in the entranc...
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