Transpacific box rates have fallen 50% since September
Shippers’ relief from the drop in the China-US spot rate market during the first week of October seems to be continuing into November, according to the digital freight forwarding company Shifl. “With the holiday shopping
Chassis and carrier terminal ownership worsen US congestion
Interlocking terminal-carrier ownerships coupled with cartel-like conditions in the container chassis market have emerged as prime suspects for the US supply chain crisis. “There is a sort of ‘wink and nod’ situation,” says a
NYK Receives Delivery of New VLCC Tateshina
TOKYO : The very large crude oil carrier (VLCC) Tateshina, owned by NYK, was delivered recently. The vessel was built at Nantong COSCO KHI Engineering Co., Ltd. (NACKS) in China. By improving the shape
Government will aim to reduce logistics cost by 5% over next five years: Piyush Goyal
NEW DELHI : Minister of Commerce and Industry Piyush Goyal said on November 8 that the Centre is aiming to bring down logistics costs by five percent over the next five years with the
CM of Assam flags off 4 steel Cataraman vessels at Pandu Port,Guwahati
GUWAHATI : Assam Chief Minister Himanta Biswa Sarma flagged off four steel catamaran vessels at Pandu Port in Guwahati . These vessels are launched under a World Bank funded project to transform quality of
Gujarat’s whopping infrastructure push promises to create corridors of growth and prosperity
AHMEDABAD : The Delhi-Mumbai Industrial Corridor, with a length of 1,700 km and a command area of 530,318 sq km, will impact seven states, with Gujarat getting the maximum advantage thanks to its large
Adani Group pays Rs 2440 Cr to AAI for possession of 6 Airports
MUMBAI : Adani Group has made a one-time payment of 2,440 crore to the Airports Authority of India (AAI) for the six airports that the state-owned airport operator has transferred to the Ahmedabad-based company
Evergreen splashes out on 24,000TEU ships and more containers
Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates. On 5 November, Evergreen unveiled orders for a pair of