Foreign funds worth $500 million for purchasing ships by the Islamic Republic of Iran Shipping Lines have been finalized, the chief executive of the state-run entity announced.

Port owned container terminal, Jawaharlal Nehru Port Container Terminal (JNPCT) was awarded “Container Terminal of the Year” for the above 0.6 million TEUs category at The Gateway Awards 2017 held at The Lalit, Mumbai.

Container Throughput in August 2017

Ports in China handled a total of 20.643 million TEUs of containers in August, which increased 8% from a year earlier, according to a report compiled by the nation’s Ministry of Transport (MOT).

The Federal Maritime Commission voted today to allow an amendment to THE Alliance Agreement to go into effect that permits establishing a contingency fund that can be used to help member carriers manage through, and recover from, the insolvency or financial distress of a participating line.

CMA CGM outperforms the market with very strong operating and financial results

• Strong increase in volumes carried + 33.3%
• Revenues up +56.8%
• Sharp increase of the group’s core EBIT margin (+11.2 pts)
• Positive net income of 219 million USD
• Positive outlook for the second half of the year
• Confirmation of an order for 9 container ships of 22,000 TEUs for delivery from the end of 2019

GRI Asia to West Africa

Effective 15th Oct 2017 – BL date

Most attention on China’s Belt and Road Initiative has so far centered on northern rail routes through Russia and Central Asia and investments in Mediterranean and Indian Ocean seaports.

Samskip is pleased to announce it has recently added 50 45ft flatracks to its fleet after arriving from China in Rotterdam earlier this week.