Stormy weather disrupts Middle East supply chains network
DUBAI : Unusual weather across the Persian Gulf region have sparked serious concerns for ocean and air freight stakeholders, dealing another blow to supply chains already caught up in worsening geopolitical setbacks after the
Maersk enhances ME2 Service between India and North Europe
MUMBAI : Maersk announces a significant upgrade to its ME2 Ocean Service. As of third week of April, the ME2 service will include port calls to key destinations in North Europe, namely Rotterdam, Felixstowe,
PIL enhances presence in East Coast South America with two revamped direct services- East Coast Service 1 (ES1) and East Coast Service 2 (ES2)
SINGAPORE : With the aim of improving and enhancing our presence in East Coast South America, Pacific International Lines (PIL) is pleased to introduce two revamped weekly direct services, connecting key ports in China,
India delivers 1st batch of BrahMos supersonic cruise missiles to Philippines
NEW DELHI : India on Friday delivered the first batch of BrahMos supersonic cruise missiles and launchers to the Philippines, two years after the two countries signed a deal worth almost $375 million to
Tamil Nadu continues to be number one state in electronic goods exports in FY24
CHENNAI : Tamil Nadu continues to consolidate its position as India’s leading exporter of electronic products with its share constituting a whopping one-third of India’s total electronic goods value of $29.12 billion during FY24.
Russia builds new Asia trade routes to weaken sanctions over war
MOSCOW : Russia is pressing ahead with the construction of two new transport corridors linking Asia and Europe, seeking to weaken sanctions over its war in Ukraine at the same time as Middle East
Red Sea disruption pushing up container values and rates
Container values have risen significantly across almost all sectors and age categories since the start of the year. Following an extended period of declines, where values fell steadily for this sector after reaching a
Indian Govt issues fresh guidelines to protect ship movement in the Persian Gulf
NEW DELHI : The Indian government has put the country’s Navy on high alert to respond quickly to calls of distress from ships, both Indian and foreign flag carriers, moving through the strife-torn Persian