NEW DELHI : Despite the rupee hovering around 83.40 to the dollar, exporters are not able to leverage the price competitiveness to boost exports due to a paucity of foreign exchange with India’s major export destinations,
SAO PAULO : DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos to handle 12.5 million tonnes of grains and fertilizers per year.
Yokohama : In a ceremony held in Yokohama, Japan, the world’s second large methanol-enabled container vessel was named “Astrid Mærsk“. Mrs. Liza Uchida, spouse of Nissan CEO Makoto Uchida served as godmother and christened
RIYADH : Maritime connectivity between Saudi and African Ports is set to improve with the introduction of a new shipping service by German container transportation firm Hapag-Lloyd. The new route, called JDX, will connect
MEXICO CITY : The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand,
TAIWAN : On Wednesday at 07:58 hours, a 7.2 magnitude earthquake struck near Hualien, Taiwan, with the epicentre 15.5 kilometers from the county. This is Taiwan’s largest earthquake in 25 years, with ten casualties
LONDON : DP World has achieved a significant increase in the share of freight being transported by rail from its Southampton logistics hub. The Modal Shift Programme trial, introduced last September, is designed to
SINGAPORE : Enabling customers to streamline their supply chains by offering consolidation and access to a range of multi-modal options of sea, air and/or road transportation amidst ongoing supply chain disruptions. GEODIS, a global
COPENHAGEN : “Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. A combination of strong demand following a series of market
TOKYO : ClassNK has issued a type approval certificate*1 for the lithium-ion storage battery system “ORCA Energy” developed by Corvus Energy. Recently, the utilization of lithium-ion storage batteries as ship’s main sources of electrical power has
