US may revoke Houthi Terrorist label if they STOP Red Sea Ship attacks
NEW YORK : The United States (US) said it would consider revoking its recent label of Yemen’s Houthis as terrorists if the Iran-backed militants cease their shipping attacks in and around the Red Sea.
Houthi rebel fired missiles at MSC and Borealis ships
SANAA : Two of MSC vessels and a boxship owned by UK tonnage provider Borealis Maritime were hit by Houthi missiles in the Red Sea on 6 April, as the rebels restarted attacks after
Hoegh Autoliners nets $920m from eight banks to mark major refinancing
OSLO : Hoegh Autoliners has secured long-term financing for purchases, newbuildings and repayment of bank debt. A new $720m six-year fleet facility will finance the purchase of two 6,500-ceu vessels, the Hoegh Jacksonville and
Kuehne+Nagel streamlines organisational structure and strengthens customer proximity
SCHINDELLEGI : The Board of Directors of Kuehne+Nagel International AG has approved a new direct reporting of the country organisations. This change sets the course for further efficiency gains and profitable growth. By simplifying
India secures second overseas port: Sittwe agreement approved by MEA
NEW DELHI : After Chabahar, India has gained the rights to operate a second overseas port, Sittwe, in Myanmar. The Ministry of External Affairs (MEA) has approved a proposal for India Ports Global (IPGL)
Jeena & Company merges with JBS Group
With an eye on further strengthening its cargo reach, the company anticipates 100% growth MUMBAI / AHMEDABAD : Jeena & Company, a global leader in freight forwarding and supply chain solutions, has announced the
Integrating logistics and infrastructure development courses and curriculum of CTIs for high skill :…
VADODARA : Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Mr. Rajesh Kumar Singh highlighted on integrating logistics and infrastructure development courses into the curriculum of Central Training Institutes (CTIs),
Indian road logistics industry revenues to grow at 3%-6% in FY25 says ICRA
NEW DELHI : The Indian road logistics industry’s revenue will remain range-bound and grow at a slower pace of 3-6 per cent in the current financial year, rating agency ICRA said on Monday. The