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Shipping groups prepare for more ‘black swan’ events after Suez blockage

Shipping groups prepare for more ‘black swan’ events after Suez blockage

Container companies buy into other parts of the supply chain, including warehousing and distribution The wonders — and absurdities — of globalisation were thrust into the spotlight last month when a ship built in Japan, insured in the UK, flying a Panamanian flag and manned by an Indian crew wedged itself across one of the world’s busiest waterways, adding further strain to supply chains that have been tested to the limit during the pandemic. Yet global trade, though disrupted, did not grind to a halt. Instead, vessels that ordinarily would have passed through the Suez…
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Govt to promote coastal shipping connecting Vallarpadam ICTT to Beypore Port

Govt to promote coastal shipping connecting Vallarpadam ICTT to Beypore Port

The state government gives green signal for a much-awaited cargo shipping promotional programme connecting the Vallarpadam ICTT with the Beypore Port. The move of the State government to give green signal for a much-awaited cargo shipping promotional programme connecting the Vallarpadam International Container Transshipment Terminal (ICTT)with the Beypore Port has kindled fresh hopes among importers and exporters from northern Kerala districts. Entrepreneurs in the sector hope that they will be able to save a huge amount now being spent as road freight charges. Based on the latest ministry-level discussions, a blueprint will be prepared by…
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Iran’s port capacity up nearly 40% in 7 years

Iran’s port capacity up nearly 40% in 7 years

Iran’s Ports and Maritime Organization (PMO) says cargo handling capacity at ports south and north of the country rose by nearly 40% in seven years to reach a total of 250 million metric tons in the year to late March. PMO figures covered in a Sunday report by the official IRNA news agency showed that Iran’s ports capacity would reach 280 million tons per year with the completion of a handful projects this year. The report said total port handling capacity in Iran was around 180 million tons in the summer of 2013 when the…
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