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Major carriers report 600% EBIT increase in Q32024
22 Nov 2024 6:15 PM ISTOf nine reporting carriers, eight reported an EBIT of over $1 billion, of which three reported EBIT of over $2 billion.
CMA CGM, COSCO, Evergreen & OOCL extend OCEAN Alliance till 2032
27 Feb 2024 2:49 PM ISTOCEAN Alliance covers 7 major East/West trades & connects Asia to Europe, Mediterranean, Middle East and America
Carriers deny deal with Houthis, some respite in Red Sea
9 Jan 2024 3:11 PM ISTCOSCO stops calling at Israeli ports, disquiet continues as carriers keep hiking rates
Carriers' earnings drop to pre-pandemic levels
28 Nov 2023 7:30 PM ISTCOSCO reports largest EBIT/TEU of $289 in Q32023 followed by Hapag-Lloyd with $64 and HMM with $52
APM Pipavav receives COSCO/OOCL’s inaugural China-India Express vessel
29 Jun 2021 10:36 AM ISTJune 29, 2021: APM Terminals Pipavav received the first call of CI1 (China-India Express) service operated by Cosco/OOCL, last week.
COSCO/OOCL’s CI1 service to make port call at APM Terminals Pipavav
28 April 2021 1:35 PM ISTApril 28, 2021: APM Terminals Pipavav announced that it has secured CI1 (China-India Express) service operated by COSCO/OOCL.
Read how novel coronavirus will affect Indian shipping and ports negatively
20 Feb 2020 3:34 PM ISTFebruary 20, 2020: The credit rating agency, ICRA (formerly Investment Information and Credit Rating Agency of India) said on Wednesday in a release...
DP World introduces new services in Nhava Sheva, Chennai and Cochin
6 Nov 2019 4:10 PM ISTNovember 6, 2019: DP World announced Middle East-India-Africa Express (MIAX) and South India Europe Express (IEX), the two new services to connect its...
