NEW DELHI : Even as the U.S.-led coalition continued strikes on Houthi military targets in Yemen, meant to “degrade” their capabilities, the drone attacks on commercial shipping in the Red Sea and the Gulf
THIRUVANANTHPURAM : As part of the efforts to begin trial operations for the Phase I of Vizhinjam International Seaport by April this year, the port authorities started the process of installing cranes to load, offload containers and to shift them to the
BHUBANESHWAR : Aerial logistics drone startup BonV Aero has raised INR 6 Crore in a round led by Inflection Point Ventures (IPV). Funds will be primarily directed towards client demonstrations, team expansion and internal
DAVOS : The global recession is unlikely to happen as the inherent resilience of individual economies has withstood the pressures much better, said RBI Governor Shaktikanta Das on Thursday. He said after COVID-19, the
DAVOS : Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably last at least a few months. Maersk and other large shipping lines have instructed hundreds
FLORIDA : The new Gemini Cooperation Alliance of Maersk and Hapag-Lloyd is seen as positive news by shippers and analysts as the two lines set out their ambitions around schedule reliability and green credentials.
HAMBURG : Shipping pundits are expecting liner alliances to be redrawn, after Maersk Line and Hapag-Lloyd announced on 17 January that they will form Gemini Cooperation in February 2025. Maersk Line’s tie-up with Hapag-Lloyd coincides with
NEW DELHI : The Eastern Dedicated Freight Corridor (EDFC) is all set to transform the landscape of freight transportation in the country. A successful trial on the New Pilkhani-New Shambhu section of the corridor
NOIDA : Korean electronics major Samsung will manufacture its latest artificial intelligence-loaded Galaxy S24 series at its India factory for both domestic sale as well as exports, senior company officials said here. The company
SINGAPORE : The Port of Singapore handled 39 million TEUs in 2023, showcasing a 4.6% increase compared to the previous record of 37.57 million TEUs in 2021. The Maritime and Port Authority of Singapore
