Red Sea crisis end to reignite container shipping challenges
LONDON : Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption comes to an end. Boxship fleet growth is estimated at 9% this year, outpacing
Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship supply is set to grow by
Paradip Port becomes numero uno among Indian Major Ports in cargo throughput in FY 2023-24
PARADIP : Paradip Port Authority (PPA)’s remarkable journey has reached new heights with the recent record-breaking achievement of clocking incredible 145.38 MMT cargo throughput in FY 2023-24 and thus-by nudged passed Deendayal Port, Kandla
EXG transports huge equipment for Indian refinery
MUMBAI : Express Global Logistics (EXG), a member of the Worldwide Project Consortium (WWPC), added one more feat to their list of accomplishments by successfully executing the internal shifting of 31 pieces of heavy
Gujarat Logistics triumphs with dual wins at Apollo CV Awards 2024 : Excellence in fleet operation and telematics
MUMBAI : In a remarkable display of industry leadership and innovation, Gujarat Logistics has once again set a benchmark in the realm of road transport services. At the prestigious 15th Apollo CV Awards 2024,
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.