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Pakistan Expected Investment In Port Infrastructure By Global Shipping Giant Maersk - Merchant Navy Info - News

Pakistan Expecting Investment In Port Infrastructure By Global Shipping Giant Maersk

Pakistan is looking forward to an investment from a Denmark-based global shipping giant, AP Moller–Maersk (Maersk. The money will be invested in its port terminal and infrastructure. This was said by the Pakistani maritime affairs minister. It came amid growing global interest in Pakistani ports. The statement comes more than a week after Maersk Chief

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Houthis Deploy New Weapons To Secure First Direct Hit In Indian Ocean - Merchant Navy Info - News

Houthis Deploy New Weapons To Secure First Direct Hit In Indian Ocean

The Houthis have carried out their first successful attack in the Indian Ocean after pledging in mid-March to extend missile attacks to the area to include ships diverting around the Cape of Good Hope. The Joint Maritime Information Center operates under the Combined Maritime Forces. It says an unmanned aerial vehicle attack on a merchant

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Hapag-Lloyd Launches Real-Time Container Tracking - Merchant Navy Info - News

Hapag-Lloyd Launches Real-Time Container Tracking

Hapag-Lloyd has boldly launched real-time container tracking on most of its nearly 3 million-strong fleet. They are making history as the first container shipping line to introduce a fleet-wide dry container tracking product. With our customer-centric approach, Hapag-Lloyd now offers “Live Position,”. A service that allows our valued customers to track their shipments from origin to

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Russian Oil Facility Burns After Reported Drone Attack - Merchant Navy Info - News

Russian Oil Facility Burns After Reported Drone Attack

Ukraine’s State Security Service announced on Wednesday that it had attacked two Russian state-run. Oil depots in the Smolensk region of western Russia. Reuters quoted a Ukrainian intelligence official as saying the drone attack destroyed more than 26,000 cubic meters. Just under 1 million cubic feet of fuel at a warehouse belonging to Russian energy

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Karachi Port Receives $50mn Upfront Payment from AD Ports Group - ONS - Merchant Navy Info - News

Karachi Port Receives $50mn Upfront Payment from AD Ports Group

Karachi Port Trust (KPT) has secured its first major revenue stream. This is under a new concession agreement with Abu Dhabi Ports Group (AD Ports). As per the sources, a signing ceremony was held in the presence of the Maritime Affairs Minister. Here the AD Ports subsidiary, Karachi Gateway Terminal (KGTL), gave a check of

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Attacks on Red Sea Shipping Forces 66% Decline in Suez Canal Traffic - ONS - Merchant Navy Info - News

Attacks on Red Sea Shipping Forces 66% Decline in Suez Canal Traffic – ONS

Red Sea shipping is taking a hit. Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66%. Thus cargo was forced to divert due to attacks on vessels, according to official figures. The data, from the UK’s Office for National Statistics (ONS), covered the period from mid-December to the beginning of

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De-Dollarization Main Agenda of BRICS 2024 Summit - Merchant Navy Info - News

De-Dollarization Main Agenda of BRICS 2024 Summit

Recent statements by diplomats suggest that the 2024 BRICS summit will primarily focus on the de-dollarization agenda. The 2024 BRICS summit is scheduled to be held in Russia’s Kazan region in October. The 16th summit will see the addition of four new countries. Including the United Arab Emirates (UAE), Egypt, Iran, and also Ethiopia. Saudi Arabia could

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