Major Ports’ Transshipment volumes jumped 14.3% in last fiscal year

MUMBAI: An analysis of the latest, provisional Indian transshipment trade data obtained by JOC.com appears to support the Government’s cabotage policy reform and other stakeholder efforts aimed at attracting more direct mainline calls and encouraging Coastal Shipping. Statistics show the volume of Indian export-import containers transshipped via foreign hub ports increased to a new high
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Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7 million
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Due to a very weak tanker spot market, NORDEN lowers its expectations for the Adjusted Result for the year to USD 0 to 30 million, down from USD 10 to 50 million. Dry Operator With an Adjusted Result of USD 8 million in the second quarter, the performance of Dry Operator has exceeded expectations, and
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On July 23, 2018, Chennai International Terminals Pvt. Ltd (CITPL), owned and managed by PSA International, hosted celebrations in Chennai for staff, stakeholders and the trade to mark PSA’s 20th year in India. CITPL is PSA’s second terminal investment in India. The licence agreement with Chennai Port Trust was signed on March 3, 2007 and
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Facing the threat of U.S. oil sanctions on Iran, India continued to rely on Iraq as its top oil supplier in the April-June quarter, followed by Iran and Saudi Arabia, the oil minister said Monday. Petroleum Minister Dharmendra Pradhan said India bought 7.27 million metric tons of oil from Iraq, 5.67 million tons from Iran
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On July 17, 2018, PSA Sical Terminals Ltd (PSA Sical), a joint venture between PSA India and Sical Logistics, hosted celebrations in Tuticorin for staff, trade and stakeholders to mark PSA’s 20th year in India. PSA Sical is PSA’s first terminal investment in India and one of India’s first foreign-invested container terminals. Since the signing
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Taiwan in May received its first Iranian crude oil cargo for this year — 1.98 million barrels or 63,943 b/d, data released by the Ministry of Economic Affairs’ Bureau of Energy on Thursday showed. However, it could be one of only a few Iranian crude oil cargos that Taiwan buys in 2018 due to the
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ANTWERP: After a record first three months the Port of Antwerp has also had an excellent second quarter with May as the best month ever. During the first six months of the year the port handled 118,648,143 tonnes of freight, a sharp increase of 6.5% compared with the same period last year. The main driver
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The strong freight figures for the first quarter continued unabated in the second quarter. The container volume for its part rose by 8.2% to 66,298,043 tonnes. In TEU this indicates an increase to 5,567,905 TEU (up 8.3%). May was an all-time record month, with the port of Antwerp handling a peak container volume of more
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Mitsui O.S.K. Lines, Ltd. yesterday announced that 20,000 TEU containership, MOL Truth(Note), one of the world’s largest containerships, has received the “Ship of the Year 2017” award from the Japan Society of Naval Architects and Ocean Engineers (JASNAOE). The award is given for the highest levels of technology, design, and social responsibility among vessels made
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