Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics
AD Ports to invest $200 million in new Red Sea port terminal
ABU DHABI : AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
Ministry of Ports, Shipping And Waterways Year-end review 2023
NEW DELHI : The Ministry of Ports, Shipping & Waterways has released Year-End Review 2023. MoPSW Major Achievements during 2023 Prime Minister launches the ‘Maritime Amrit Kaal Vision
Sanjay Sethi, the IAS officer who steadied J N Port and took it to new heights, demits office
MUMBAI : Maharashtra cadre Indian Administrative Service officer Mr. Sanjay Sethi, demitted office as Chairman, Jawaharlal Nehru Port Authority (JNPA) on Tuesday after an eventful five-year term, a period marked by
APSEZ raises cargo volume guidance for FY24
AHMEDABAD : Adani Ports and Special Economic Zone Limited is now targeting over 400 metric tonnes (MMT) of cargo volumes in the curent financial year 2023-24 (FY24), surpassing
Indian Railways targets 55% freight modal share for global competitiveness
NEW DELHI : Indian Railways must double its modal share in freight to 55% for India to achieve global economic competitiveness, according to Railway Minister Shri Ashwini Vaishnaw.
Tiger Logistics bags a tender from HPCL
NEW DELHI : Tiger Logistics (India) Ltd on Monday said it has bagged a project from Hindustan Petroleum Corporation Ltd (HPCL). “This accomplishment positions our company to explore
Strike called off : Central Government delays New rules on Hit-and-Run cases following assurance to
NEW DELHI : In a significant development, the Home Secretary of the Central Government, during a meeting with the office bearers of the All India Motor Transport Congress