Wan Hai approves US$1 billion budget for more vessel acquisitions
TAIWAN : Wan Hai Lines’ chairman has authorised a US$1 billion budget for “asset acquisition and disposal”, as the Taiwanese liner operator appears to prepare for fleet expansion.
DP World and Russia to Pilot Container Shipping Via the Arctic Route
DUBAI : Russia continues to develop shipping through the Arctic promoting it as a faster route that is an alternative to the Suez Canal. In the latest development,
India, Maldives sign MOU to expedite Customs clearance
NEW DELHI : The Maldives and India have signed a Memorandum of Understanding on the exchange of pre-arrival information for trade facilitation and control of customs. The MoU
35 MMLPs to be developed under PPP
NEW DELHI : The Cabinet Committee on Economic Affairs (CCEA) had mandated the Ministry of Road Transport and Highways (MoRTH) to develop 35 Multi-Modal Logistics Parks (MMLP) across
CONCOR moved 1st ever Oxygen Express to Bangladesh
TATANAGAR : Container Corporation of India Ltd. ( CONCOR) on Saturday, 24th July moved 1st ever Oxygen Express LMO with 200 MT to Bangladesh from Tatanagar with help
Bokaro Steel purchases first freight train
BOKARO : The steel giant Bokaro Steel Plant (BSL) purchased its first goods train (rake) for the transport of iron ore. The entire train of 59 wagons costs
Kerala Maritime Board demands extension of coastal shipping subsidy
KOCHI : The Kerala Maritime Board (KMB) has recommended to the State government the extension of the subsidy scheme to take freight operators away from the State’s congested
Gold imports jump multi-fold to $7.9 bn in April-June quarter
NEW DELHI : Gold imports, which have a bearing on the country’s current account deficit, jumped multi-fold to USD 7.9 billion (Rs 58,572.99 crore) during the April-June 2021
Maersk to launch direct ocean service from Chennai to Europe
CHENNAI : Global shipping line Maersk has redesigned its ocean network to introduce a new direct ocean service from Chennai to Europe and the Mediterranean to help retail
South African ports crippled by cyber attack
Transnet, the operator of South Africa’s major ports and a national freight rail line, was hit by a major cyber attack , further disrupting operations at Cape Town