India-UAE shipping leg of IMEC to be operationalised in ‘first 100 days’ of...
Nine months after the India-Middle East-Europe Economic Corridor (IMEC) project was announced, to link India and Europe through the Arabian Peninsula via sea and rail links, work has begun to...
View ArticleAir freight prices continue to maintain firm pattern
Global air freight prices continue to maintain a firm pattern across most major routes, according to the latest data from TAC Index, the leading price reporting agency (PRA) on air freight. The overall...
View ArticlePM Gati Shakti scheme is transforming India’s infrastructure: Morgan Stanley
In a recent report American multi-national investment bank and financial company Morgan Stanley has all praise for PM Gati Shakti scheme. The report says India has scaled up its infrastructure strongly...
View ArticleShankh Air prepares for takeoff: Uttar Pradesh’s first scheduled airline to...
Shankh Air, poised to become Uttar Pradesh’s first scheduled airline, is making significant strides towards its launch, with final approvals pending from the Ministry of Civil Aviation. Chairman...
View ArticleZIM updates Asia-US service network
ZIM announced the launch of a new premium service, ZIM Central China Xpress (ZX2), connecting Central China to the US West Coast. The ZX2 service will begin operations on 3 July 2024, with ZIM claiming...
View ArticleONE announces updates on Thailand Indonesia Service
Ocean Network Express (ONE) has decided to enhance its Thailand Indonesia Service (TID1) from 10 July. The updated port rotation of the service will be Laem Chabang, Thailand – Port Klang North Port,...
View ArticleGovt may back green transition of inland vessels, tugboats with ₹15,000 cr VGF
The shipping ministry is preparing a ₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next 10 years, said two persons aware...
View ArticleMSC could pull out of ports exposed to Houthi hostilities
Mediterranean Shipping Company (MSC) is on the verge of withdrawing its vessels serving trade lines that call at ports in the Horn of Africa region, because of ongoing attacks on maritime traffic in...
View ArticleHonda enhances shipping efficiency with BuyCo partnership
Honda’s Power Products Operations and Motorcycle divisions have chosen BuyCo to expedite their container shipping processes. Honda can now quickly obtain shipping schedules from its carriers by...
View ArticleWork on India-UAE leg of $20b trade corridor set to kick off
Work on the India-UAE leg of the $20 billion transcontinental India-Middle East Europe Economic Corridor (IMEC), widely viewed as a counter to China’s intercontinental Belt and Road Initiative, is set...
View ArticleVizhinjam Port set to host India’s first wave energy plant
Israel-based Eco Wave Power, an onshore wave energy developer, has begun discussions with the Adani Group to establish a wave energy generation plant at Vizhinjam Port, Kerala, according to a senior...
View ArticleChabahar port sees 6x container traffic growth in FY24, more investments on...
India funded Chabahar port in Iran has seen a 600 per cent increase in container traffic y-o-y in FY24, with the terminal handling 64,245 TEUs (twenty equivalent units), data from India’s Shipping...
View ArticleCentral zone installs first-ever floating solar plant of Indian Railways
The Central Railway has installed a floating solar plant of 10 MWp capacity in the Igatpuri lake located in the Western Ghats, a first-of-its-kind initiative by the Indian Railways, senior officials...
View ArticleGoods, passengers allowed under Bangladesh-India railway deal
Neighbouring India can use Bangladesh rail lines to carry goods and passengers across its territory, and Bangladesh can carry goods and passengers to Nepal, Bhutan and India using Indian rail lines,...
View ArticleRailway faces supply disruption of forged wheels amid Red Sea crisis
The of railways is staring at a brief blip in its supply plans of forged wheels, which are used in high-speed trains and locomotives, as the Red Sea-induced container crisis has delayed the national...
View ArticleCentre fine-tunes Rs 5,367 crore worth industrial corridor projects for...
The Centre has given final touches to two projects for the development of the Orvakal Industrial Area in Kurnool district and the Kopparthy Industrial Area in YSR Kadapa district of Andhra Pradesh with...
View ArticleCochin Shipyard’s arm wins Rs 1,100 crore contract from a nordic shipping...
Udupi Cochin Shipyard Ltd., a subsidiary of Cochin Shipyard Ltd., secured a contract worth Rs 1,100 crore for the design and construction of dry cargo vessels for Wilson ASA, a short-sea liner shipping...
View ArticleAVG Logistics Secures allotment of land in Khurdha (Bhubaneswar) Odisha
AVG Logistics Limited, (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, is pleased to announce that the Odisha Government has allotted a land parcel measuring 4 acres to...
View ArticleGAIL advances net zero emission target to 2035
State-owned gas utility GAIL (India) Ltd on Friday said it has advanced the target to achieve net zero carbon emission by five years to 2035 as it takes multi-prolonged approach to reaching the goal....
View ArticleMSC implements Oceania peak season surcharges
MSC has announced a Peak Season Surcharge (PSS) effective 1 July 2024, due to robust demand in the Oceania region. The surcharge will apply to all shipments originating from Australia and New Zealand...
View Article