Automobile exports recover in Q4 riding robust two-wheeler shipments
NEW DELHI : Exports of two-wheelers and three-wheelers, which account for nearly 85% of all automotive shipments from India in terms of volumes, showed clear signs of a rebound in the final quarter of
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal Dry Canal project that will begin
Indian Railways’ Rs.2 Tn DFC project is progressing
NEW DELHI : The ambitious project of Indian Railways-constructing dedicated freight corridors (DFCs) worth Rs 2 trillion is progressing as planned, according to recent updates. These corridors aim to revolutionise India’s logistics sector by
Maersk employees innovate a system to deliver fresh water from Maersk’s vessels to Ports
SALALAH : The pioneering project optimises an existing fresh water generation system onboard container vessels to further store and deliver it in tank containers to ports and regions facing scarcity of fresh water. Fresh
US Navy shot down Houthi missile attacked on Maersk ship
WASHINGTON : United States forces have shot down an anti-ship ballistic missile that Houthi rebels allegedly fired at a Maersk ship in the Gulf of Aden. The US-flagged 2,500 TEU Maersk Yorktown was being
US container imports remain stable, with several potential global challenges to be seen
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced a significant increase of 15.7%, compared
DTDC Express elevates Abhishek Chakraborty to the role of Chief Executive Officer
MUMBAI : DTDC Express Ltd., a leading express logistics provider in India has recently elevated Mr. Abhishek Chakraborty as its Chief Executive Officer, effective from April 3rd, 2024. In his new role, Abhishek will
Maersk enhances ME2 service, expanding operations to North Europe
COPENHAGEN : Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean (Algeciras and Tangiers), is undergoing expansion. This revamped service will