Indian FMCG companies exploring Dubai as base for global expansion
Several Indian fast moving consumer goods (FMCG) companies are exploring Dubai as the base for their global expansion, said Dubai government’s chief economist (trade and export development) Ashraf A....
View ArticleBEML’s Pune office to help improve supply chain logistics
BEML has launched its office in Pune to improve its industrial collaboration with defence establishments such as Defence Research & Development Organisation (DRDO). The office has a dedicated team,...
View ArticleIndustrial IoT startup Proxgy unveils satellite-based Lockator for wagon and...
Indian industrial IoT startup Proxgy has announced the introduction of its ‘Made in India’ product, the Lockator smart lock, a low-orbit, satellite-connected GPS device that would cater to the...
View ArticleJSW Infrastructure looking to make entry in Gujarat with greenfield port
Port operator JSW Infrastructure is planning to invest in a greenfield port in Gujarat, a state where it has no presence currently. Gujarat has robust infrastructure and has shown good manufacturing...
View ArticleCochin Port Union ask management to maximize revenue from created assets
Cochin Port Employees’ Organisation (CPEO) has urged the Cochin Port Authority (CPA) to take prompt and effective steps to maximise port revenue from the assets created on port land with public...
View ArticleUS hits Iran with new sanctions targeting commanders, shipping
The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza...
View ArticleDelhivery gains as Plix expands partnership for global shipping
Delhivery rose 2.66% to Rs 470.40 after securing cross-border freight shipping contract from ‘Plix’. Plix, a majority-owned nutrition brand by Marico in the D2C sector, has expanded its partnership...
View ArticleCargo volumes in Red Sea area drop 21% due to attacks on ships
During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant...
View ArticleJapanese funding to enhance BIA & Colombo Port’s health facilities
A proposal to use Japanese assistance to improve cross-boarder health preparedness at the Colombo Port and the Bandaranaike International Airport (BIA) in Katunayake has been approved by the Cabinet....
View ArticlePIL partners with SGTraDex in MoUs with leading bunker suppliers
Pacific International Lines (PIL), in collaboration with Singapore Trade Data Exchange (SGTraDex), has recently entered into Memorandums of Understanding (MoUs) with bunker suppliers TFG Marine, KPI...
View ArticleVOC Port’s Outer Harbour development proposed to make it ‘Gateway Port’
Currently, nearly 75% of India’s trans-shipped cargo is handled at ports outside India. Colombo, Singapore and Port Klang in Malaysia handle more than 85% of this cargo, with Colombo alone handling...
View ArticlePM Modi unveils India’s first hydrogen fuel cell ferry at Cochin Shipyard
Prime Minister Narendra Modi on Wednesday virtually inaugurated India’s inaugural hydrogen fuel cell ferry, a product of indigenous development and construction built by Cochin Shipyard. Participating...
View Article‘Ek Bharat Shrestha Bharat’: PM Modi unveils infrastructure projects worth...
Prime Minister Narendra Modi inaugurated 36 infrastructure projects valued at more than Rs 17,000 crore at VO Chidambaranar Port, Tuticorin, Tamil Nadu, on Wednesday. The event, organised jointly by...
View ArticleSaudi Arabia unveils country’s first feeder service
A new shipping company has just launched in Saudi Arabia called ‘Folk Maritime’, offering feeder vessel and short-sea transportation services. The line aims to offer non-vessel operating common carrier...
View ArticleBolloré’s contract logistics business grows with acquisition
Bolloré Logistics’ contract logistics subsidiary, Bolloré Solutions Logistiques (BSL) has acquired STEF Logistique Santé (SLS) to grow its contract logistics business and strengthen its expertise in...
View ArticleFedEx combines Ocean and Road Networks to launch LCL priority service
FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp, are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door...
View ArticleShiprocket Launches Aarambh 2024 for Women-Led SMEs
Shiprocket, India’s leading e-commerce enablement platform, has launched the fifth edition of ‘Aarambh,’ a flagship initiative dedicated to empowering women entrepreneurs across the country. Aarambh...
View ArticleBeyond the Houthis’ attacks on shipping: The absurdity of the India-Middle...
Will the India-Middle East Corridor (IMEC) replace a large chunk of the Suez Canal traffic to Europe? Nope! At most, a few crumbs. Dry canals cannot compete with ‘wet’ canals! And that is why there is...
View ArticleAdani’s green hydrogen unit targets US$3 billion funding boost for expansion
Adani New Industries (ANIL) is actively engaged in discussions to secure up to US$3 billion in funding, earmarked for capital expenditure to bolster its presence in India’s burgeoning green hydrogen...
View ArticleTalks on upgrading India-S Korea FTA may conclude in 2024: Korean envoy
The negotiations on the expansion of the Comprehensive Economic Partnership Agreement (CEPA) between India and South Korea are likely to conclude in 2024, said Chang Jae-bok, the South Korean envoy...
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