OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data indicates average spot rates from the
TAURANGA (NEW ZEALAND) : GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian
GANDHINAGAR : Considering India’s burgeoning import of transport services, which touched a whopping $109 billion in 2022, there is a proposal to form a new shipping company having a fleet of 1,000 vessels. It
BREMEN : The logistics service provider Kuehne+Nagel has opened a new contract logistics centre in Rhineland-Palatinate. With around 55,000 square metres of logistics space, the company ensures the worldwide supply of spare parts for
NEW DELHI : Entering the third term in office on Wednesday, Union Minister of Road Transport and Highways Shri Nitin Gadkari will be focusing on hydrogen fuel, cashless treatment for accident victims, more ropeway
MUMBAI : J M Baxi Ports & Logistics is pleased to announce the appointment of Capt. Alpesh Abhay Sharma as the Chief Operating Officer (COO) – Container Business. Capt. Alpesh Sharma joins J M
KUTCH : DEE Development Services Ltd., which is set to open its public offering next Wednesday, will see its logistic costs ease as its New Gujarat Facility, which is near the port, commences operations,
HONG KONG : Qupital, Asia’s leading data-driven fintech platform specializing in supply chain financing solutions for e-commerce businesses, is pleased to announce the successful refinancing of its securitization facility, where HSBC joins Citigroup as
AHMEDABAD : The Federation of Freight Forwarders’ Associations in India (FFFAI), under the leadership of Chairman Mr. Dushyant Mulani, organized a delegation visit for its members to the Gujarat International Finance Tec-City (GIFT City)