DP World, Mawani break ground on $250m logistics park in Jeddah
DUBAI : DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide state-of-the-art storage and distribution facilities, as
Red Sea crisis: Government must come to the rescue of MSME exporters
NEW DELHI : Logistics cost has serious implications on the country’s manufacturing sector, export competitiveness and global positioning. The Red Sea route, which is shorter and faster, was the preferred choice for most shipping companies.
DB Schenker’s buyers shortlist to be ready soon
ESSEN : Deutsche Bahn (DB) has received the first confirmatory bids for the sale of its logistics arm DB Schenker. Some of the companies that presented an offer include DSV, Maersk and MSC. Morevoer,
Lulu Group to set up logistics, food-processing centre in Amritsar
ABU DHABI : Lulu Group, a renowned Indian-United Arab Emirates (UAE)-based multinational conglomerate company, is set to launch a logistics and food processing centre located in Amritsar, Punjab. The proposed centre, which will span 20 acres
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for
Share of passenger vehicle output geared for export at 10-year low in 2023
NEW DELHI : The share of Passenger Vehicle (PV) exports relative to total production in India reached its lowest in a decade in 2023, notwithstanding the government’s ambitions to transform the country into a
GEODIS wins Best Cargo Transportation Company Award at LogiSYM Awards 2024
SINGAPORE : Leading global logistics service provider GEODIS, received the Best Cargo Transportation Company Award at LogiSYM Awards, held in Singapore. The award, Best Cargo Transportation Company, recognises GEODIS’ expertise in the supply chain