Nhava Sheva Port records high box volume in 2023
MUMBAI : Nhava Sheva Port (JNPA) ended 2023 on a strong note, with its annual container throughput reaching a new high. The port saw yearly containerised traffic rise 7% year-over-year to 6.3 million TEUs,
Tamil Nadu’s Integrated Logistics Plan is a Boon for the Logistics Sector : Aakanksha Bhatt, VP, Jassper Shipping
CHENNAI : Tamil Nadu is one of India’s most progressive and rapidly developing states, with a strong focus on infrastructural growth. Tamil Nadu has retained its top spot as an “achiever” state in the
REC join hands with Bank of Baroda to finance Power, Infrastructure and logistics projects
NEW DELHI : State-owned REC Ltd has inked an initial pact with Bank of Baroda to jointly offer loans for power, infrastructure and logistics projects in India over the next three years. By pooling
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
Facility to boost Kamarajar Port’s cargo handling capacity with unveiling of new cargo berth by Prime Minister
CHENNAI : In a major boost to the automobile sector, the cargo handling capacity at the Kamarajar Port increased by three million metric tonnes annually, with Prime Minister Shri Narendra Modi unveiling the Rs
Adani Ports cargo volumes jump 42% in December
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced it has posted 35.65 million metric tonne (MMT) cargo volume, a record 42% year-on-year rise in cargo volumes in December 2023. While dry bulk cargo handling was up
Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The company is also spending $100 million
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,