We have to wait and see how things pan out in EXIM sector: V Kalyana Rama, CONCOR
NEW DELHI : As of now we started our year with a target of 10% growth, but we have to wait and see how the things will pan out in this EXIM sector. Domestic, we are
LOGOS & Ivanhoe buy land in Pune to set up logistics park
PUNE : Asia Pacific logistics real estate major LOGOS and its venture partner Ivanhoe Cambridge have acquired a 77-acre industrial land parcel in Pune’s Chakan industrial area to develop a large-scale logistics park. The land parcel
Walmart looks to source toys, shoes, bicycles from India to boost exports
NEW DELHI : Walmart Inc. is looking to source toys, shoes and bicycles from India, as part of its endeavour to increase its exports from India to $10 billion annually by 2027. The US-based
Cochin Shipyard Q4 : Execution challenges, shares tumble 10% on weak performance
KOCHI : Cochin Shipyard’s consolidated revenue declined 50 percent year on year to Rs 600 crore, as it declared losses of Rs 64 crore on an operating level. Net profitability was down 86 percent
Garden Reach Shipbuilders and Engineers launches ‘GAINS 2023’ to leverage India’s start-up ecosystem for ship design
KOLKATA : Garden Reach Shipbuilders and Engineers (GRSE) Ltd, one of India’s premier defence shipyards and a Category 1 Mini Ratna Company, has embarked on a mission to identify and encourage the development of
Shipping lines beat IMO carbon target
TAIPEI : Taiwan’s two largest shipping carriers have reduced their carbon emissions by 40 percent, seven years ahead of a goal set by the International Maritime Organization (IMO), Minister of Transportation and Communications Wang
Container shipping under pressure as peak season hopes dim
LONDON : One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the spot market. Shipping lines would heavily
Wan Hai adds Colombo call in ‘AA7 Service’
TAIPEI : Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 TEUs Wan Hai A10 docked at Colombo as
ONE is going to open new office in Ireland
SINGAPORE : Ocean Network Express (ONE) opens its first wholly owned Irish office, Ocean Network Express (Europe) Ltd, Ireland Branch on 1 June 2023. United Liner Agency Ltd (Dublin) – the present appointed agent
Two new shipping services calling at Moín Container Terminal in May
COSTA RICA : Costa Rica welcomed two new shipping services at the Moín Container Terminal (TCM) in May. More specifically, the first call of the Venezuela Line (VEL) service operated by the ZIM shipping