Amazon Air declares its official launch of cargo plane in India
HYDERABAD : Amazon has launched its dedicated cargo airline, Amazon Air, in India, the first in the region and the first partnership in the country between an e-commerce company and a
Röhlig Logistics surpasses last year’s results
BREMEN : The owner-managed logistics company Röhlig Logistics has significantly increased its earnings in 2022, based on preliminary business figures. Philip W. Herwig, Managing Partner at Röhlig Logistics,
Indian exporters boost euro hedges after rally to near two-year high
NEW DELHI : Some Indian exporters are stepping up hedges of their future euro receipts on bets of limited upside to the rupee after the common currency’s recent
Indonesia’s plans to restrict palm oil exports are unlikely to hit India
NEW DELHI : Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record
Customs field formations and DRI keep constant vigil to deter smuggling of gold and drugs
NEW DELHI : The Directorate of Revenue Intelligence (DRI) celebrated its 65th Founding Day on 5th December 2022 in an Inaugural Function held in New Delhi. This was stated by
79 Projects worth Rs. 1359.61 Crore, completed during the last 5 years in North-Eastern Region
NEW DELHI : The Minister for Development of North Eastern Region Shri G. Kishan Reddy in the Lok Sabha in a written reply informed that several infrastructure development
Maersk to build flagship logistics center in Shanghai to tap Chinese market potential
SHANGHAI : Shipping and logistics company Maersk held a groundbreaking ceremony on Tuesday for its 1-billion-yuan ($150 million) integrated logistics warehouse project in Shanghai, as the company puts more
HMM to jump on the methanol-fuelled containerships worth of $1.12bn
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn
Bolloré Logistics supports its customers in their sustainability initiative
PUTEAUX (FRANCE) : Bolloré Logistics supports one of its “premium” customers, a luxury fashion house, in its sustainability initiative. In this context, the customer has taken a step
BSC to receive $22.48m pay-out from insurers for vessel hit by rocket in Ukraine
DHAKA : State-run Bangladesh Shipping Corporation (BSC) will get a $22.48m pay-out from insurers over its abandoned bulk carrier, Banglar Samriddhi, which has been stuck in Ukrainian waters for
