India to build three new freight corridors to boost cargo transportation &...
India is considering building at least three more dedicated freight corridors to accelerate cargo transport and free up existing rail lines for passenger trains. The proposed 4,300 km network would...
View ArticleAfter Chabahar, India secures rights to operate Sittwe Port in Myanmar
India has secured rights to operate its second overseas port at Sittwe in Myanmar, following the Chabahar Port in Iran. The Ministry of External Affairs (MEA) has approved a proposal for India Ports...
View ArticleMaharashtra, Karnataka and Gujarat to be $1 trillion economy by FY39: Ind-Ra
Maharashtra, Karnataka and Gujarat are likely to hit the $1 trillion economy mark by FY39 if the pace of growth in these states remain similar to what was recorded in the past seven years, India...
View ArticleBangladesh’s Chittagong Port urges cargo retrieval to ease operation
As the Chittagong Port Authority (CPA) continue to grapple with operational disruptions caused by significant influx of containers and cargo, it has issued an urgent appeal to businesses to promptly...
View ArticleNew ocean consolidation to support GCC traders
Ocean freight shipping specialist Europa Air & Sea has launched a new weekly consolidated ocean freight service between the UK to the Gulf Cooperation Council (GCC), giving customers a more...
View ArticleSouth Western Railway registers 7.9% growth in freight loading
South Western Railway has achieved originating freight loading of ₹50.37 million tonnes during 2023-24 which is the highest since its inception and thereby registered a growth of 7.9% over the last...
View ArticleSkill development crucial in setting up efficient logistics: DPIIT
Capacity building and skill development play a crucial role in establishing efficient and cost-effective logistics and infrastructure systems, an official statement said on Monday. Speaking at a...
View ArticleDisinvestment of NTPC, Shipping Corporation on first 100-day agenda of govt:...
Disinvestment of state-owned companies such as NTPC and Shipping Corporation of India (SCI) will figure high on the first 100-day agenda of the government after the votes are counted on June 4, a...
View Article‘Revenues for Indian road logistics industry to grow at 3%-6% in FY25
India’s road logistics industry will grow at sedate pace of 3%-6% in FY2025, given the limited ability of players to increase the freight rates. According to ICRA, the “expected softening in government...
View ArticleTargeting $100 billion FDI
The new government at the Centre after the national elections ambitiously aims to attract $100 billion a year in gross foreign direct inflows over the next five years, according to Rajesh Kumar Singh,...
View ArticleHaiti police recover hijacked cargo ship in rare victory after 5-hour...
Haiti’s National Police agency says that it has recovered a hijacked cargo ship laden with rice following a gunbattle with gangs that lasted more than five hours. Two police officers were injured and...
View ArticleDB Schenker secures GDP certification for more than 150 stations
DB Schenker continues to solidify its commitment to excellence and regulatory compliance in pharmaceutical supply chains by achieving certifications in accordance with Good Distribution Practice (GDP)...
View ArticlePeak and CLS partner on advancing marine logistics solutions
Peak Group and The CSL Group have established their new collaborative logistics venture, Peak CSL Group, subsequent to CSL’s acquisition of 50 per cent of Peak. This strategic partnership marks the...
View ArticleSaudi Arabia asks shipping agents to expedite container retrieval at Dammam Port
The Saudi Ports Authority (Mawani) has told shipping agents and storage lessees at King Abdulaziz Port in Dammam to quickly pick up imported containers after customs clearance. This comes after Mawani...
View ArticleHöegh Autoliners obtains new $720M loan for Aurora newbuilds, ship purchase
Norway-based shipping company Höegh Autoliners has secured new and long-term financing for four of the LNG-powered Aurora newbuilds, all its existing bank debt, and the purchase of two car carriers....
View ArticleWallenius Wilhelmsen wins US$ 1 billion shipping deal
Oslo-listed RoRo shipping company Wallenius Wilhelmsen has signed a multi-year contract worth USD 1 billion with an unnamed ‘global player’ in the premium car segment, covering both shipping and...
View ArticleFirst 1-tonne mango shipment from Mopa airport sent to Muscat
In an impressive feat of organisation, GMR Air Cargo & Logistics-Goa has sent its first ton of mangoes to Muscat, Oman. Led by Purushottam Singh Thakur (Business Head GMR ACL) and his team, this...
View ArticleWorkshop on Capacity Building to strengthen knowledge of PM GatiShakti and...
Logistics Human Resource Development and Capacity Building is one of the important action items identified under the National Logistics Policy (NLP). Government officials at all levels have a critical...
View ArticleUK launches $1.89 mn initiative for zero-emission maritime routes
UK maritime minister Lord Davies recently unveiled in Wales the bidding process for the £1.5 million (~$1.89 million) funding aimed at setting up zero-emission shipping routes to and from the United...
View ArticleCosco Shipping Heavy Industry expanding Zhoushan ship repair capacity
The new 300,000 tonnes-class drydock, measuring in 430 metres long and 120 metres wide, having a depth of 12.5 metres, is expected to complete the construction at the end of 2026. The dock would be...
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