Indian consumer pays a high cost for logistics, says Adani CFO
The Adani group — Adani Enterprises in particular — is investing considerably in energy and logistics in the country as Indian consumers pay a high cost for inefficiencies in transportation, said the...
View ArticleContainer freight rates out of India begin to trend down after strong gains...
Container freight rates on trades out of India have generally moderated in August with the exception of bookings to Europe, according to an analysis of market data. On the westbound India-Europe trade,...
View ArticleSeaLead relaunches Far East India Express 2 service
SeaLead, a rapidly expanding global shipping line, is relaunching its Far East India Express 2 (FIX 2) service to boost connectivity between Central China and West India. The inaugural voyage is set...
View ArticleSMP Kolkata sets sail for global trade: Bengal Middle East Express connects...
In a historic milestone, Syama Prasad Mookerjee Port, Kolkata (SMPK) proudly announces the launch of the Bengal Middle East Express (BMEx), a new container vessel service connecting the Haldia Dock...
View ArticleVadhavan port will boost exim trade through West Asia, Europe: Sarbananda...
The upcoming ₹76,220-crore Vadhavan port, for which Prime Minister Narendra Modi will perform a groundbreaking ceremony on Friday, will play a “crucial role” in the proposed India–Middle East–Europe...
View ArticlePM Modi to visit on Maharashtra on Aug 30; to lay foundation stone of Vadhvan...
Prime Minister Narendra Modi will visit Maharashtra on Friday during which he will address Global Fintech Fest (GFF) 2024 in Mumbai and lay foundation stone of Vadhvan Port project worth around Rs...
View ArticleVistara brand will cease to operate from November 12 as it merges with Air India
Beginning November 12, Vistara will cease to fly under its current identity and merge with Air India, marking an end to a journey of a full-service carrier which started its operations in January 2015....
View ArticleONGC in advanced stage for US approval to regain control of Venezuela oil fields
ONGC Videsh Limited (OVL) is in advanced stages of discussion with the US for waiver to regain control of oil fields from Venezuala, Managing Director Rajarshi Gupta at a company event on August 30....
View ArticlePorter appoints two new senior leaders
On-demand logistics company Porter has appointed Athira as Vice President of Public Policy and Government Affairs, and Krishna Mohan Gadi as Head of Product. “Over the past decade, we have remained...
View ArticleIndia’s Adani Ports to ink $185 mln Astro Offshore deal in branch-out bid
Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations....
View ArticlePatel Engineering and RVNL sign MoU to collaborate on hydropower and...
Patel Engineering Limited and Rail Vikas Nigam Limited (RVNL) have signed an initial agreement to collaborate on hydropower and other infrastructure projects in India and abroad. “The agreement...
View ArticleCentre clears Singapore Airlines’ ₹2,058-crore investment in Air India group
Vistara’s merger with Air India is one step closer with Centre clearing Singapore Airlines’ (SIA) ₹2,058-crore investment in the merged entity. In November 2022 SIA announced an investment in Air...
View ArticleCoal Ministry identifies 38 rail projects for fast-tracking under coal...
The Ministry of Coal has identified 38 priority rail projects under the coal logistics plan that will be fast-tracked in close coordination with the Ministry of Railways. “These projects are essential...
View ArticleGreat Eastern strikes supramax bulker sale
India’s Great Eastern Shipping has offloaded one of its bulk carriers after a series of disposals of vintage MR tonnage as part of the company’s product tanker fleet renewal initiative. The...
View ArticleBD unlikely to reroute external trade through Indian ports
Bangladesh government won’t encourage businesses to use Indian ports for rerouting export-import trade as no special facility comes therefrom and a local deep-sea port is forthcoming, sources say....
View ArticleICG seeks Adani Group’s nod to dock at Vizhinjam seaport
The Indian Coast Guard (ICG) has requested permission from the Adani Group to use a 120 metre berth at the new international seaport in Vizhinjam to dock large vessels. The move is aimed at enhancing...
View ArticleGlobal container rates fall 3% in August last week amid demand shifts and...
Global container rates saw a three per cent-odd week-on-week decline to $5,181 per 40 ft unit, for August 29. Container rates in the previous week was around the $5,319 per container. Rates were...
View ArticlePM Modi lays foundation stone for Vadhavan Port project worth over Rs 76,000
Prime Minister Narendra Modi Friday laid the foundation stone for the Vadhavan Port project in Maharashtra’s Palghar district, near Dahanu town. The port is set to become one of India’s largest...
View ArticleIndian Ports hold key to global maritime trade’s future
According to a report by McKinsey & Company, the Indian maritime sector is currently worth about 130 billion and is expected to grow to 300 billion by 2025. Indian ports, with their rich...
View ArticleNITI Aayog policy brief highlights need for modernizing Madhya Pradesh’s...
The logistics ecosystem of Madhya Pradesh is still governed by conventional infrastructure and practices. Thus, there is need to adopt best practices from other states and take advantage of national...
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