Drewry’s World Container Index drops
LONDON : Drewry‘s composite World Container Index fell 2% last week to US$2,046.51 per 40ft container. The Drewry WCI composite index is now already 80% down from the
Jeddah Islamic Port receives 3 modern STS Cranes
RIYADH : Red Sea Gateway Terminal (RSGT), a strategic partner of and the operator of its North Container Terminal, has procured three cutting-edge Ship-to-Shore (STS) cranes in its
Pakistan’s business community calls for renewing trade with India
LAHORE : Lahore Chamber of Commerce and Industry (LCCI) President Kashif Anwar suggested during a webinar on “Challenges Facing Pakistan’s Economy – Private Sector’s Perspectives,” organized by the Sustainable Development
FMC reports over 200 charge complaints against ocean carriers since June
PHILADELPHIA : The US Federal Maritime Commission (FMC) decided to issue a Supplemental Notice of Proposed Rulemaking (SNPRM) that addresses issues commenters raised in response to the unreasonable
MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Dec
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World Economic Forum Annual Meeting which was
Sarbananda Sonowal inaugurates National Logistics Portal-Marine to reduce the logistics cost
NEW DELHI : Union Minister for Ports, Shipping and Waterways and Ayush Shri Sarbananda Sonowal inaugurated The National Logistics Portal (marine) in New Delhi on 27th January. The
DP World stuns port industry with Rs 6,500 per TEU,a container royalty bid for Tuna-Tekra Terminal
GANDHIDHAM : Hindustan Ports Pvt Ltd – the Indian unit of Dubai’s D P World Ltd – is set to win the rights to build a 2.19 million
Maersk to integrate Hamburg Süd and Sealand
COPENHAGEN : Maersk has announced its intention to unify its brands by integrating Hamburg Süd and Sealand. The Danish shipping company believes that by integrating the aforementioned firms
Logistics sector stakeholders eye policy initiatives to facilitate green transition in Budget 2023
NEW DELHI : Fuel prices are a major cost component in the logistics industry and elevated fuel prices have an inflationary impact as the cost is passed onto to the
Warehousing sector seeks inclusion under priority sector lending in the upcoming Budget 2023
NEW DELHI : Over the past few years, the warehousing sector has been slowly transitioning from a largely unorganised business to a more formal one. Recent push for the development
