MSC implementes new Asia FAK rates
GENEVA : MSC has announced updated Freight All Kind (FAK) rates from Asia to several destinations around the world. Commencing on 1 January until further notice, a rate adjustment of US$300 per TEU will
CMA CGM increases rates from Red Sea to North Europe & West Med
MARSEILLE : French box line CMA CGM has decided to raise its Freight All Kinds (FAK) rates from Red Sea to North Europe and West Mediterranean. The updated rates will go into effect on
Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ) drives industrial growth with strategic Land Allotment
MUMBAI : Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ), the pioneering port-based operational multi-product Special Economic Zone in India, is making significant strides in industrial development. Spanning an expansive 277.38 hectares of
Essar to invest Rs 55,000 crore across Port, Power and Energy transition in Gujarat
GANDHINAGAR : Essar Group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition ahead of the Vibrant Gujarat Global Summit 2024 and create more
Centre cuts logistics costs to below 9% of GDP with higher state spending
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government
Adani Group to make additional investment of Rs 8,700 Crore in Bihar
PATNA : The Adani Group on Thursday said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. The group is already
MSC targets oversized Indian freight to use up excess vessel capacity
GENEVA : Container lines — awash with excess capacity amid muted demand conditions — are attempting new strategies to lift headhaul loads. Signalling that trend, Mediterranean Shipping Co. (MSC) recently moved 30 transformers from
Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat
NEW DELHI : The Indian manufacturing sector is experiencing a surge in investments, marking a significant milestone in the nation’s economic landscape. According to a report by Colliers, this has poised India’s manufacturing market