Flexport is cutting 20% of employees, 4 months after Amazon boss Dave Clark took over the buzzy supply chain startup
CALIFORNIA : Flexport, a supply chain startup with an $8 billion valuation, told employees on Wednesday it is laying off 20% of staff as a result of the global downturn in trade and a new, more
Sea-Intelligence reports volume shrinking in North America West Coast
DENMARK : Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth on the North America West Coast (NAWC) stagnated during the first two months of the traditional peak season of
DNV fleet management system hit by cyber attack
NORWAY : DNV has confirmed that a recent shut down of its ShipManager IT software was caused by a ransomware attack on the service. The class society informed that 70 clients have been affected
PM Modi to inaugurate the newly constructed multi-modal terminal in Haldia on Friday
KOLKATA : Prime Minister Shri Narendra Modi will inaugurate the newly constructed multi-modal terminal in Haldia on 13 January, the Prime Minister’s Office said in a statement. “Developed under Jal Marg Vikas Project, Haldia
World’s biggest container ship skips India in blow to trade aims, due to inadequate port infrastructure
MUMBAI : Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure. Most harbors along India’s coast
Sonowal inaugurates School of Logistics, Waterways and Communication in Agartala
AGARTALA : The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal, along with Dr Shri Manik Saha, Chief Minister, Tripura inaugurated the School of Logistics, Waterways and Communication . The
MoCI Piyush Goyal said there are limitless opportunities for US investors to grow in India
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal has said there are “limitless opportunities” for US investors and companies to grow in and with India across sectors and this is the “right time” for
India’s 12 major ports’ container volumes grew by a paltry 1 percent during April-December
NEW DELHI : Container cargo handled by India’s dozen State-owned ports grew by a paltry 1.22 percent between April and December this fiscal to 8.446 million twenty-foot equivalent units (TEUs) from 8.344 million TEUs