DSV reports US$5.5 billion revenue in 2024 first quarter
COPENHAGEN : DSV kicked off 2024 on a high note, securing increased market share across all divisions. The first-quarter results are as expected and signify the stabilization of freight markets, said the company. During
ClassNK releases route correction factors calculation tool ‘WACDAS’- supporting container stacking optimization –
TOKYO : ClassNK has released a new tool, ‘WACDAS (WAve Climate Data Aggregation for Ships)’, for calculating the route correction factors essential for ensuring the safety of container lashing and supporting container stacking optimization. Responding
As Iran-Israel conflict intensifies, India Inc feels the heat
NEW DELHI : Iran-backed Hezbollah has launched a barrage of rockets at an Israeli army headquarters days after Tehran made a “maximum level response” warning to Israel. Iran and Israel have engaged in retaliatory
India working on improving fares for coastal shipping, revamps coal transport pricing
NEW DELHI : An inter-ministerial group is re-examining the mechanism to “improving” fares for transport of coal under the rail-sea-rail route, also called coastal shipping. The idea is to make the fares “feasible” enough
First quarter of 2024, earnings down with cost measures intensified : Kuehne+Nagel
Kuehne+Nagel GroupCHF million Q1 2024 Q1 2023 Δ Net turnover 5,508 6,748 -18% Gross profit 2,076 2,394 -13% EBITDA 576 803 -28% EBIT 376 612 -39% Earnings 278 462 -40% SCHINDELLEGI : The start
India’s Major Ports’ see 4.45 % cargo volume growth in FY24 : IPA
NEW DELHI : India’s 12 major ports handled 819.227 million tonnes (mt) of cargo in FY24, some 4.45 percent more than the 784.305 mt handled during last year on the back of strong growth in
Mahindra Logistics Q4 loss widens to Rs 12.85 cr on subdued volume growth
MUMBAI : Mahindra Logistics reported a fifth straight quarterly loss on Monday, hurt by subdued volume growth at its mainstay business of supply chain management. Consolidated net loss for the logistics arm of Mahindra
Shipping industry urges UN to protect vessels after Iran seizure
LONDON : Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect supply chains, the industry said in