Gamechanger Freight Corridors to speed up flow of goods and to free up railway tracks
NEW DELHI : The Eastern Dedicated Freight Corridor, which has just been completed, and the Western Dedicated Freight Corridor, which is nearing completion, are potential gamechangers for the country’s economy. The corridors are expected
New maritime route to increase trade competitiveness of Jordan, Egypt
CAIRO : The newly announced shipping route, dubbed the Arab Line for Maritime Transport, that links Egypt, Jordan, and Iraq, and launched recently by the Arab Bridge Maritime Company, continued to operate and facilitate
Red Sea Crisis: Costs have gone up, crisis may deepen, says official
NEW DELHI : Disruptions along the Red Sea trade route have begun pushing up shipping and insurance costs as shippers have begun taking longer routes fearing further attacks, a senior government official said Friday.
‘Bharat Park’ to be set up in UAE : Piyush Goyal
NEW DELHI : A goods show room and warehouses for Indian goods will be set up in United Arab Emirates (UAE), Commerce and Textiles Minister, Shri Piyush Goyal said Thursday. The planned ‘Bharat Park’ will facilitate
Gujarat emerges as the Growth Engine of India with 33% Export share
AHMEDABAD : Gujarat Industries Minister Shri Balvantsinh Rajput has said that Gujarat boasts a remarkable 33% share in exports and contributes 18% to the total production of the country by holding top position in
FMC granting ‘special permission authority’ for Red Sea diversion freight hikes
WASHINGTON : The hostilities in the Red Sea will likely be igniting other battles, albeit of a commercial rather than military nature, as container lines seek hefty rate increases and file urgent requests with
Indian Railways achieve 1154.67 MT freight loading till December, 2023
NEW DELHI : On cumulative basis from April – December 2023, freight loading of 1154.67 MT was achieved against last year loading of 1109.38 MT, an improvement of 45.28 MT over last year’s loading
OOCL expands fleet with introduction of 24,000 TEU mega vessel
SINGAPORE : Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL Valencia at the shipyard of Nantong COSCO