DSV and Saudi Arabia’s NEOM establish $10bn logistics joint venture
COPENHAGEN : DSV and Saudi Arabia’s ‘NEOM’ special economic zone have announced a $10bn logistics joint venture (JV) to support the development of NEOM Projects. The JV will focus on providing ground, sea and
Mahindra Logistics reports standalone PAT of Rs 19 crore in Q2 FY24
MUMBAI : Mahindra Logistics Ltd on Monday reported 73 per cent growth year-on-year in standalone Profit After Tax (PAT) at Rs 19-crore in the September quarter of this fiscal. The company had posted a
FFFAI and Escola Europea ink agreement to promote Training and Digitised Port Community in India
MUMBAI : The Federation of Freight Forwarders Associations in India (FFFAI) and the Escola Europea de Short Sea Shipping, AEIE (EEIT) signed a memorandum of understanding On October 16, 2023 in Mumbai at an
DFCCIL conducts trial run of goods train on freight corridor in Gujarat
SURAT : The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) conducted a successful trial run of a goods train on the newly constructed electrified section connecting Gothangam in Surat district to Makarpura in
IMEEC work begins with 3.5 lakh Crore Railways plan to link 8 Ports on West Coast
NEW DELHI : A strategic project, the plan under the India Middle East Europe Economic Corridor (IMEEC) is to transport goods from Indian ports to Fujairah in the UAE by ship, and from there
PSA’s SGP to invest $267 million for Port Dammam logistics zone
DAMMAM : Saudi Global Ports (SGP) and Saudi Ports Authority (Mawani) signed an agreement to establish a 1 million square meters integrated logistics zone at King Abdulaziz Port Dammam (KAPD). Under the agreement, SGP
Dr Volker Wissing, Germany’s Federal Minister for Digital and Transport, installs Hapag-Lloyd’s 700,000th tracking device
HAMBURG : Hapag-Lloyd is celebrating the installation of its 700,000th tracking device, an important moment on the company’s path to creating the world’s largest smart container fleet. On Monday, at the company’s headquarters in
THE Alliance announces Transpacific-East Coast Change
HAMBURG : In consideration of the present market situation, THE Alliance will make changes to the Transpacific-East Coast Network by suspending EC4 service from week 46 and update the existing EC1, EC2 and EC5