SINGAPORE : PSA International (PSA) handled a record number of containers worldwide in 2024 despite escalating geopolitical tensions and greater maritime uncertainty. The Singapore port operator reported on Jan 16 that it handled 100.2
WASHINGTON : India’s Economic Growth is projected to remain steady at 6.7 per cent per annum for the next the two fiscals beginning April 2025, according to the World Bank‘s latest growth estimates for
COPENHAGEN : Maersk and Hapag-Lloyd, stated on Thursday that they are not thinking of an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced. Both companies said they would be closely monitoring
LONDON : In response to a 70% decline in freight traffic through the Suez Canal, the head of the International Maritime Organization (IMO), Arsenio Dominguez, plans to visit Egypt. This decision comes as part
WASHINGTON D.C. : The shipping industry is taking proactive steps to implement improved safety measures for transporting charcoal, ahead of mandatory IMO regulations in 2026. In response to a series of devastating fires caused
SINGAPORE : According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their
JORDAN : Jordan’s Aqaba Container Terminal handled 427,000 imported containers in 2024, a slight decrease from the 445,000 containers recorded in 2023, according to data released by the Jordan Logistics Association. Exported containers through
LONDON : Drewry’s World Container Index decreased 3% to $3,855 per 40ft container this week. Drewry’s detailed assessment for Thursday, 16 January 2025 Source : Drewry
NEW DELHI : Success of the Startup India mission must be attributed to the funding instruments like Fund of Funds for Startups (FFS) administered by Small Industries Development Bank of India (SIDBI) and financed
KOCHI : DP World, a leading global provider of smart end-to-end supply chain solutions, has registered a growth of 17% in 2024 compared to the previous year at its International Container Transshipment Terminal (ICTT)
