Govt proposes new bank to bridge credit gap for MSMEs
NEW DELHI : The government is considering a proposal to set up a separate bank for direct lending to the micro, small and medium enterprises (MSMEs) to deepen
UK surpasses China to become India’s 4th largest export market
NEW DELHI : The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May 2024, commerce department data showed. The UK was India’s sixth-largest export destination in May last year. While
Analysts bullish on logistics but with a caveat
NEW DELHI : Stocks from the logistics segment may well have seen a slowdown of sorts in the last couple of years, but a large section of market
Hapag-Lloyd announces TPI Service with US East Coast calls
HAMBURG : Hapag-Lloyd has updated its TPI (INDAMEX) Service rotation w.e.f August 8, 2024 to include stops at Savannah and Charleston, U.S. “As part of these changes, the
HMM takes delivery of LNG-ready HMM Ruby
SEOUL : South Korean shipbuilder Hanwha Ocean has handed over a newbuild LNG-ready 13,000 TEU containership, HMM Ruby, to compatriot shipping company HMM. HMM revealed the ship’s delivery
Fship plans major expansion: Hiring 100+ professionals to fuel 30% month on month shipment growth
NEW DELHI : Fship, a Delhi/NCR-based, technology-driven shipping aggregator and end-to-end logistics solution provider, is gearing up for a major expansion. The company has announced plans to recruit
Dali cargo ship leaves for Virginia, nearly three months after bridge collapse
BALTIMORE : On March 26, the cargo ship Dali lost power and crashed into one of the Francis Scott Key bridge’s supporting columns and caused the bridge to
MSC Dhalia Service connecting Asia and Mexico
GENEVA : Mediterranean Shipping Company (MSC) has announced the new Dhalia Service connecting Asia with the west coast of Mexico.The service will feature a rotation that will serve
Operations in Port of Antwerp resume after container fire
ANTWERP : Operations in Port of Antwerp-Bruges resume after container fire after container fire breaks out, Port of Antwerp-Bruges reported a container fire incident at MSC PSA European
Port of Melbourne container throughput increases in May
MELBOURNE : The Port of Melbourne has announced its May trade figures, which indicate a considerable year-on-year (YoY) rise in container throughput to 281,000 TEU. In May 2024,