MUMBAI : Mahindra & Mahindra (M&M) plans to significantly expand its light commercial vehicle (LCV) portfolio, aiming to launch seven new models by 2030. This initiative focuses on the underserved multi-fuel, large (1.7-2 tonnes)
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data indicates average spot rates from the
TAURANGA (NEW ZEALAND) : GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its
KUALA LUMPUR : Malaysia will build a $425 million AI-powered container port near Kuala Lumpur to meet the changing demands of the supply chain and improve the quality of logistics services. Malaysia will build
YEMEN : Two cruise missiles launched by Yemen’s Houthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday, severely injuring a sailor who was evacuated by American forces, the US
APULIA,ITALY : Prime Minister Shri Narendra Modi is heading to Italy to attend a Summit of Group of Seven, known as the G7, which is likely to be dominated by Ukraine and Gaza ceasefire
NEW DELHI ; Italy has invited Prime Minister Shri Narendra Modi for the G7 Summit Outreach Sessions, is India’s fourth largest trading partner in the European Union, 18th largest foreign investor with bilateral relations
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian
GANDHIDHAM : The Energy and Resources Institute (TERI) and Deendayal Port Authority (DPA) successfully concluded a pivotal conference on the “Transition of Business Operations to Water Neutrality.” This event marked the culmination of a
GANDHINAGAR : Considering India’s burgeoning import of transport services, which touched a whopping $109 billion in 2022, there is a proposal to form a new shipping company having a fleet of 1,000 vessels. It
