Ports Industry News

A 35% stake in JM Baxi Ports & Logistics (JMBPL) was acquired by German shipping giant Hapag- Lloyd AG of the current shareholder Bain Capital Private Equity. In addition, Hapag-Lloyd....

In accordance with a legally binding agreement, Hapag-Lloyd will purchase 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a subsidiary of Bain Capital Private Equity. In....

At Gujarat's Deendayal Port, Sarbananda Sonowal, Union Minister for Ports, Shipping, and Waterways officially inaugurated and laid the foundation stone for projects worth INR 2.70 billion. Speaking at the....

The government will soon invite expressions of interest (EoI) or preliminary bids for the privatization of Container Corporation of India (Concor). Concor's offer document is as good as complete....

According to the latest update from Xeneta, in the four weeks leading up to Chinese New Year, announced sailings before Jan. 6 from Asia to the U.S. West Coast....

A whopping 149 canceled sailings were announced between week 2 (January 9-15) and week 6 (February 6-12) of a total of 707 scheduled sailings, representing a cancellation rate of....

With an all-time record cargo handling of 12.6 MMT in December 2022, Team PPA ushered in the new year 2023 at Paradip Port with a bang. This marked the....

The ongoing holiday season will lead to an early burnout of inventories in the US, likely causing inventory replenishment cycles to pick up a little faster than the supply....

The state-owned IIFCL has approved loans totaling Rs 82.44 billion for about 20 projects to help increase port capacity by 836 million tonnes per annum (MTPA), or one-fourth of....

Andhra Pradesh, with a coastline of 974 km, is accelerating the development of its port (non-major port). According to a senior official of the Andhra Pradesh Maritime Board (APMB),....