Alphaliner data shows that the global liner vessel fleet has reached 30m TEU for the first time in history with a TEU tsunami cascading out of yards in Asia this year delivering a record volume of new buildings. The pace of growth of the global container fleet is remarkable. It took the industry around 50 years to reach the 5m…
NEW DELHI, June 19 (Reuters) – India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East. The Vadhavan port will be built on India’s western coast, about 150 km (93 miles)…
The Singapore port is a major transshipment port used by Indian trade. While there is no respite in the Middle East for the shipping industry that continues to face hardship due to the Red Sea route suspension, there is now tension in the South East due to severe congestion at Singapore port and China’s Shanghai/Ningbo ports has only aggravated the…