Lulu Group International to start logistics, food processing centre in Amritsar
Abu Dhabi-based Lulu Group International, one of the biggest retailers and known for its chain of shopping malls, hypermarkets, and food processing centres spread across the Middle East, Far East and...
View ArticleCMA CGM announces ESS from the Middle East Gulf to worldwide
CMA CGM has announced an Emergency Space Surcharge (ESS/FRT59) effective from 5 June 2024, until further notice, applicable for shipments originating from the Middle East Gulf to North Europe...
View ArticleThe maiden call of Wan Hai Lines CI8 service at Nhava Sheva
In order to provide customers with more comprehensive and convenient shipping services, Wan Hai Lines continue to expand our services network in India. In 2024 May, we have launched the Indonesia to...
View ArticleONE quits Indamex network to offer standalone India-US east coast service
Japanese container carrier ONE is to exit the Indamex (India-North America) vessel sharing consortium jointly operated with Hapag-Lloyd, CMA CGM and Cosco. Indamex – featuring two loops – has been a...
View ArticleGovt to seek green nod for Vizhinjam port expansion
With a few months remaining to start the commercial operation of the first phase of the Vizhinjam International Seaport, the state govt has initiated proceedings to obtain environment clearance for the...
View ArticleRVNL tastes success with Maldives port project, eyes global footprint
In 2022, Rail Vikas Nigam Ltd (RVNL) – a Navratna and construction arm of the Ministry of Railways – was appointed as the project implementation agency for the UTF (Uthuru Thila Falhu-Island) Harbour...
View ArticleJSW Infrastructure signs MoU with A.P. MLER CAPITAL
For joint exploration of opportunities in port and related infrastructure sector JSW Infrastructure and A.P. MLER CAPITAL, (APMC) have signed a non-binding Memorandum of Understanding (MOU) to explore...
View ArticleAdani Group eyes three international ports to boost operations: reports
Adani Group, which is a conglomerate, intends to invest $3 billion in boosting its global port operations and will concentrate on three major ports along the India-Europe corridor, as per the reports...
View ArticleShipping Corporation of India, NMDC Steel selloff to get fresh push after...
The disinvestment of state-run Shipping Corporation of India (SCI) and NMDC Steel will gather traction once the general election concludes in early June, a person close to the development said. The...
View ArticleDP World Chennai Terminal welcomes its deepest-ever container vessel, APL Boston
DP World Chennai, a well-known smart logistics solutions provider, has announced that it has berthed the deepest container vessel at the Chennai Container Terminal Port (abbreviated as CCTPL). The...
View ArticleIndia primum aedificare hydrogenii indigenae vas electricum Cochin Shipyard
Ministerium Portuum, Shipping et Waterways, primum indigenae hydrogenii electrici vasa in Cochin Shipyard Limited (CSL) aedificabunt. Sarbananda Sonowal minister Unionis hoc denuntiavit dum detegens...
View ArticleIndia mulls GST relief for foreign airlines; fitment committee to review
India may consider exempting services rendered between the head offices and local branches of foreign airline operators from the goods and services tax (GST). In recent months, foreign airlines having...
View ArticleUK’s July general election: Impact on India FTA, Indo-Pacific tilt
The prospect of an India-UK free trade agreement (FTA) has been kicked into the long grass after British Prime Minister Rishi Sunak surprised many this week with a snap summer poll on July 4, exactly a...
View ArticleIndia’s forex kitty reaches new high of $648.7 bn after $4.55 bn jump
India’s forex reserves jumped $4.549 billion to a new all-time high of $648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the...
View ArticleKongsberg Maritime opens a new facility in Kochi, India
Kongsberg Maritime has opened a new facility in Kochi, India, as part of a strategic drive to enhance customer support and prepare for future assembly of its waterjet products. Located in the Maritime...
View ArticleAdani Ports’ 0.5% stake worth Rs 1,480 crore changes hands, seller unknown
Shares amounting to 0.5 per cent of Adani Ports’ overall equity changed hands at an average price of Rs 1,386 per share. While the buyers in this transaction remains unidentified, a strategic investor...
View ArticleAdani Ports wins hot seat in Sensex as Wipro shown the door
Billionaire Gautam Adani’s cash cow Adani Ports and Special Economic Zone, the shares of which have nearly doubled in the last year, would soon be included in India’s headline equity index Sensex....
View ArticleA.P. Moller Capital and JSW Infra to form JV to invest and develop ports,...
Denmark-headquartered Infrastructure fund manager A.P. Møller Capital P/S and a part of the A.P. Moller Group will form a joint venture with Mumbai-listed JSW Infrastructure Ltd, India’s second biggest...
View ArticleRed Sea crisis driving up cost of white goods
As an acute shortage of shipping containers, arising out of the Iran-Israel skirmishes, drives sea freight costs from China, consumers will likely have to pay more and wait longer for large gadgets,...
View ArticleAEMA places over 750 cadets as trainees on cargo ships annually: Vineet Gupta
The unemployment amongst entry level jobs in the Indian seafaring sector is a major cause of concern presently for the Indian maritime industry according to Vineet Gupta, managing director of Anglo...
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