HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head of the world’s fifth-biggest carrier said.
NEW DELHI : For a country usually referred to as the world’s largest arms importer, India has incrementally been increasing its tally of arms exports over the last few years. By prioritising the development
AHMEDABAD : Adani Enterprises Ltd., the flagship of billionaire Mr. Gautam Adani, will spend around $1.5 billion on its fledgling data center business in the next three years, as growth focus returns at the Indian
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its
MINNESOTA : Multimodal third-party logistics service provider (3PL) CH Robinson saw air cargo volumes within its forwarding unit drop in the third quarter as it grappled with a challenging market. Minnesota, US-headquartered CH Robinson
HELSINKI : Wärtsilä ANCS, part of technology group Wärtsilä, has delivered to Seaspan, a marine transportation and shipbuilding company, the cutting-edge autonomous SmartDock capabilities to the seas. This delivery marks a significant step towards
NEW DELHI : India, in ongoing talks on several Free Trade Agreements, may push for clauses to ensure that steel products imported from the partner country are manufactured in that country rather than being routed
COLOMBO : The U.S. International Development Finance Corporation (DFC) has recently pledged $553 million in funding for the Colombo West International Terminal Pvt. Ltd. (CWIT) project, a consortium involving Adani Ports and SEZ Ltd., John
NEW DELHI : In a recent announcement, Shri Sanjay Swarup, the newly appointed Chairman and Managing Director of Container Corporation of India Ltd (CONCOR), outlined his vision and strategy for the state-run company. Among
PIPAVAV : Gujarat Pipavav Port Ltd on Wednesday posted a 51 per cent rise in consolidated net profit at Rs 107.6 crore for the September quarter, helped by higher income. It had clocked Rs
