India’s logistics cost lower than Govt estimate
NEW DELHI : On various occasions in recent years, Prime Minister Shri Narendra Modi and Union Road Transport and Highways Minister Shri Nitin Gadkari pegged India’s logistics to be around 13 to 14 percent of its
Shippers accuse carriers of price gouging
OSLO : Shippers and forwarders are becoming increasingly concerned about carrier price gouging on the Asia to Europe services citing massive increases in charges that are being merged into a single charge from January.
US tries to persuade Shippers to sail Red Sea despite Houthi Attacks
WASHINGTON : The US military is trying to reassure shipping companies that a multinational force is making it safe to sail through the Red Sea and Suez Canal even though attacks from Yemen-based Houthi
DP World promises ₹24,000 crore investments for Gujarat
GANDHINAGAR : Dubai-based DP World has promised to invest ₹24,000 crore in Gujarat for developing various logistic facilities in the state including a proposal to build a port at Nargol in South Gujarat. The
Ramayapatnam port set to begin ops in January
VIJAYWADA : Ramayapatnam port, one of the four major ports planned by the Andhra Pradesh state government, is likely to begin operations in the next few days. The first phase of the project is
CWC is looking for EoI from private firms to build cold storages and food processing units
NEW DELHI : State-owned Central Warehousing Corporation Ltd (CWC) has called expression of interest (EoI) from private firms to build cold chain, cold storages, food processing plants, dry warehousing on vacant land and godown/warehouse
Maersk schedules dozens of vessels to travel via Suez Canal
COPENHAGEN : Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, in a further sign that
CMA CGM close to top spot in intra- Mediterranean market
MARSEILLE : CMA CGM is about to surpass Mediterranean Shipping Company (MSC) as the largest intra-Mediterranean operator, according to Alphaliner. The French carrier has increased the number of ships and currently deploys much larger