Coming US infrastructure bill promises port-funding splurge
US ports and inland waterways are on track to receive at least $11.8 billion in new federal funding over the next five years through a $1 trillion infrastructure bill Congress aims to finalize over
India-led UNSC meet snubs China, backs Law of Sea convention
NEW DELHI : Overcoming resistance from China, an unprecedented India-led UN Security Council session highlighted the primacy of the UNCLOS (United Nations Convention on the Law of the Sea) which “sets out the legal
MSC revises Middle East, Indian Subcontinent – USEC network
SINGAPORE : Mediterranean Shipping Company (MSC) has announced the enhancement of its Middle East, Indian Subcontinent & US East Coast network, which now includes three distinct services. The Swiss container line has revised the
Cargo volumes at dozen major ports grew by 21.71% during April-July to 235.635 million tonnes
MUMBAI : Cargo handled at India’s dozen state-owned major ports rose 21.71 per cent during the April-July period to 235.635 million tonnes (mt) from 193.606 mt a year ago. The 12 major ports handled
Exporters worried over spike in freight and container charges
NEW DELHI : Exporters are worried that a spike in freight and container charges will hit shipments as it will make Indian goods costly and erode their competitive advantage. “The industry is worried that
DB Schenker warns container lines against entering logistics
ESSEN : Maersk and CMA CGM both have declared ambitions of expanding in logistics. At German DB Schenker, COO, Mr. Thorsten Meincke warns container lines against this strategy. “If you’re a carrier, your focus
PSA Collaborates with RHT to Co-Create ESG Digital Assets Solutions
PSA International has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies (RHT) to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets solutions to further advance the goals
RITES bags biggest ever work order worth Rs 4,027 cr
NEW DELHI : Officials announced on Friday that RITES Limited, a prominent transport infrastructure consultancy and engineering firm, has received the Railway Ministry’s highest-ever work order for railway track construction, costing Rs 4,027 crore. This