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,
AD Ports to invest $200 million in new Red Sea port terminal
ABU DHABI : AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga Sea Port in Egypt. AD Ports
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media. The freight forwarder Rif Line launched
Ministry of Ports, Shipping And Waterways Year-end review 2023
NEW DELHI : The Ministry of Ports, Shipping & Waterways has released Year-End Review 2023. MoPSW Major Achievements during 2023 Prime Minister launches the ‘Maritime Amrit Kaal Vision 2047′ encompassing aspirations in Logistics, Infrastructure,
Sanjay Sethi, the IAS officer who steadied J N Port and took it to new heights, demits office
MUMBAI : Maharashtra cadre Indian Administrative Service officer Mr. Sanjay Sethi, demitted office as Chairman, Jawaharlal Nehru Port Authority (JNPA) on Tuesday after an eventful five-year term, a period marked by the biggest pandemic the world has
APSEZ raises cargo volume guidance for FY24
AHMEDABAD : Adani Ports and Special Economic Zone Limited is now targeting over 400 metric tonnes (MMT) of cargo volumes in the curent financial year 2023-24 (FY24), surpassing the upper end of the guidance
Indian Railways targets 55% freight modal share for global competitiveness
NEW DELHI : Indian Railways must double its modal share in freight to 55% for India to achieve global economic competitiveness, according to Railway Minister Shri Ashwini Vaishnaw. “On aggregate, we should be reaching
Tiger Logistics bags a tender from HPCL
NEW DELHI : Tiger Logistics (India) Ltd on Monday said it has bagged a project from Hindustan Petroleum Corporation Ltd (HPCL). “This accomplishment positions our company to explore further opportunities in the petro sector,