AD Ports Group announces 2023 Annual Report
ABU DHABI : AD Ports Group, a leading facilitator of global trade, logistics, and industry, issued its 2023 Annual Report on April 1. The report highlights significant achievements for the Group that expanded its
Cosco Shipping Ports reports 4.4% YOY increase in total throughput for 2023
SHANGHAI : Chinese state-owned ports logistics company Cosco Shipping Ports Limited reported a 5.8% year-on-year increase in profit for 2023, standing at USD 324.5 million. The company’s annual revenue reached USD 1,454.4 million, increased
‘One Vehicle, One FASTag’ norm starts by NHAI
NEW DELHI : For seamless vehicular movement at the Toll Plazas across the country, the state-owned National Highways Authority of India’s (NHAI) ‘One Vehicle, One FASTag’ norm has come into force from April 1.
Saudi ports enhance Red Sea connections with new NRS shipping service
RIYADH : The Saudi Ports Authority, Mawani, has announced the addition of the new shipping service ‘NRS’ by Folk Maritime to Jeddah Islamic Port that aims to connect Saudi Arabia to various ports along
Dedicated freight corridor looks to ramp-up truck-on-train services
NEW DELHI : The Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) under the Indian Railways is looking to ramp-up its truck-on-train services after successful trial runs with both perishables (like milk) and non-perishables
Maersk transports 3% of containers using green fuels in 2023
COPENHAGEN : AP Moller Maersk carried over 660,000 teu last year on vessels using green fuels last year. The use of green fuels saving over 683,000 tonnes of greenhouse gases from being emitted into
CMA CGM and GTS Logistic establish JV for decarbonized transportation and logistics services
MARSEILLE : CMA CGM-the French logistics major and GTS General Transport Service, a leading Italian intermodal company, announced the establishment of a joint venture to offer reliable, affordable and decarbonised transportation and logistics services
US East Coast Ports face challenge of diverted Baltimore cargo : Drewry
LONDON : Maritime industry consultancy Drewry flags potential challenges for the US East Coast ports due to the diversion of Baltimore’s container volumes combined with expected market growth in 2024. The Port of Baltimore is the