Suez Canal blockage to have ripple effect on the container trade
Will aggravate the already global container imbalance and increase freight rates in the coming days It was a big relief for the global maritime trade as the container ship ‘Ever Given’ that blocked the
Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm
Singapore-listed Mapletree Logistics Trust (MLT) has bought logistics firm KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI). KSH Infra owns warehousing properties in Pune. The transaction marks MLT’s entry into
Suez Canal blockage: impact for India will be evident by May-June
On March 23, 2021, the ultra-large Panama-flagged 20,388-TEUs 400-metre Evergreen-operated container ship MV Ever Given on route from Shenzhen, China to Rotterdam, Netherlands got stuck at Suez Canal and is causing a huge blockage
India’s goods exports to stand at $290 bn in FY21 : Piyush Goyal
NEW DELHI: India’s goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said recently
FFFAI urges for smooth connectivity and logistics infrastructure to strengthen trade among BBIN
MUMBAI: In view of tremendous potential of cross border trade between Bangladesh, Bhutan, India and Nepal (BBIN) Mr Shankar Shinde, Chairman Elect, the Federation of Freight Forwarders Associations in India (FFFAI) has recommended for
Insurers face losses from Suez Canal closure
The loss of trade per day due to the closure is pegged at close to $9 billion’As the global shipping industry heaves a sigh of relief at the re-floating of the ‘Ever Given’ stuck
Ever Given being towed for technical inspection
EGYPT : Grounded container vessel Ever Given has been fully refloated and is being towed to the Great Bitter Lakes region for its technical examination, Boskalis subsidiary SMIT Salvage said in an update. The
Ministry of Ports Secretary visits Visakhapatnam Port Trust
VISAKHAPATNAM : Dr. Sanjeev Ranjan, IAS, Secretary, Ministry of Ports Shipping and Waterways (MoPSW), visited Visakhapatnam Port Trust on Sunday . He was welcomed by Visakhapatnam Port Trust (VPT) Chairman Mr. K. Rama Mohana