VOC Port Authority calls global bids to build Rs7,056 crore box terminal in...
V O Chidambaranar Port Authority, the state-owned entity that runs the port located in Tamil Nadu’s Thoothukudi district, has called bids to build a 4 million twenty-foot equivalent units (TEUs)...
View ArticleAdani looks to partner Uber for foray into electric cars
Adani Group, India’s third biggest business house in terms of market value, is working on a strategic partnership with Uber Technologies to roll out its electric passenger cars on the latter’s ride...
View ArticleTankers: The next growth cycle can be fueled by India
The tanker market could be headed for a significant leg of growth in the coming years, as a result of India’s gradual emergence, as a major player in the global economy, which in turn is fueling its...
View ArticleRevolutionizing Ecommerce Deliveries: The Rise of Logistics Technology in India
In the ever-evolving world of ecommerce, logistics technology has emerged as a game-changer, revolutionizing deliveries from point A to point B. Over the past decade, traditional shipping methods have...
View ArticleIndia’s crude imports at record high
India’s crude oil imports rose to a monthly record in January after the Red Sea shipping crisis delayed the December arrival of cargoes from the Americas, data from trade sources showed. The world’s...
View ArticleReefer shipping rates rise to be temporary as excess capacity plugs gaps
The recent rise in reefer shipping rates is expected to prove short lived, as the trade adjusts to the rerouting of vessels and excess containership capacity is deployed to support longer transit...
View ArticleMore than half of UK retailers affected by Houthi disruption, survey shows
More than half of UK retailers and exporters have been affected by the disruption to Red Sea trade from Houthi rebel attacks on cargo ships, research by a leading business lobby group suggests. The...
View ArticleShipping rates volatile in February amid Red Sea crisis, shows data
Rates for the use of the ships most commonly used for carrying crude oil around the world are up to their highest level since November 2023. The rates for Very Large Crude Carrier (VLCC) were up 3.5...
View ArticleAirbus Beluga spotted at Kempegowda International Airport on February 23
Plane spotters and aviation enthusiasts were in for a treat recently as they got a glimpse of the one of the worlds largest cargo planes arriving in the city and taking off a day later. The Airbus...
View ArticlePrime Minister virtually inaugurated Kandla’s Interchange cum Road Over Bridge
Shri Narendra Modi, Hon’ble Prime Minister of India virtually inaugurated Deendayal Port Authority, Kandla’s Interchange cum Road Over Bridge (ROB) at LC 236 (Kutch Salt Junction) on NH-141 and...
View ArticleTripura to be gateway to Southeast countries by using Chittagong Port: Manik...
Tripura Chief Minister Manik Saha on Monday said the northeastern state is going to be the gateway not only to Southeast Asian nations but to many other countries by using Chittagong Port in...
View ArticleWarehouse robotics startup Accio to launch new product AccioPick Air
Accio Robotics will be unveiling its new product “AccioPick Air” at LogiMAT India on 28th February 2024. “The product is a game changing goods-to-person solution which promises to set new standards for...
View ArticleOM Logistics opens new 1 lakh sq ft warehouse in Chennai
OM Logistics announced the launch of its new 1 lakh sq ft warehouse facility in Chennai, Tamil Nadu, on the Bangalore-Chennai highway at Kanchipuram. “This move is aimed at elevating the connectivity...
View ArticleCargo handling decreases at airport
The city airport has yet again fallen behind other metro airports in terms of the volume and growth of cargo handled, handling 2.77 lakh tonnes in the April-Jan period this year against 2.84 lakh...
View ArticleContainer shipping lines challenges port congestion, ship shortages amid Red...
As the Red Sea crisis persists into its third month, container shipping lines are encountering significant challenges in managing port congestion and a shortage of vessels. The CEO of Ocean Network...
View ArticleGovernment working to expand textile sector’s role in Viksit Bharat: PM...
Prime Minister Narendra Modi on Monday said that the government is working on expanding the role of the textiles sector in the journey of India becoming a developed nation by 2047. He added that the...
View ArticleSecond LNG-fueled 7,000 CEU car carrier joins CMA CGM
CMA CGM has welcomed to its fleet the second 7,000 CEU LNG dual-fuel roll-on/roll-off (RoRo) newbuild, the CMA CGM Monaco. Built at Chinese shipyard Jinling Shipyard Jiangsu, the car carrier has made...
View ArticleOOCL names eighth 24,000+ mega boxship
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) has welcomed to its fleet OOCL Abu Dhabi, the company’s eight eco-friendly 24,188 TEU containership. The mega boxship...
View ArticleWTO MC13: 123 countries want incorporation of investment pact into WTO
A joint ministerial declaration finalising the China-led Investment Facilitation for Development (IFD) Agreement was issued by Trade Ministers from 123 WTO member countries, late on Sunday. They...
View ArticleCMA CGM gets green light from EC to acquire Bolloré Logistics
The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM. The approval is conditional upon full...
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