CMA CGM, World’s no. 3 container carrier warns against price war
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump. “New
Mawani, CMA CGM Group launch $129 million logistics park at Jeddah Islamic Port
RIYADH : The Saudi Ports Authority ‘Mawani’ and CMA CGM on Wednesday launched a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square metres and an investment value nearing
MSC and Ferrovie dello Stato Italiane sign MoU on development of Intermodal Hubs across Italy
GENEVA : MSC and FS Italiane have agreed to form a new company specializing in intermodal transport and logistics, to design, build and operate new cargo terminals at sites controlled by the two groups
Bolloré Logistics and Sarcona to use electric truck for the last mile delivery in New York
NEW YORK : Bolloré Logistics and its partner Sarcona will launch a new sustainable logistics service with the commissioning of an electric truck to deliver the last mile between New Jersey and New York
cargo-partner joins United Nations Global Compact
NEW YORK : Global transportation and logistics provider cargo-partner has joined the UN Global Compact, a United Nations project that encourages businesses throughout the world to adopt and report on sustainable and socially responsible
Regional Dialogue for India-Pacific 2023: FM Sitharaman calls India-Middle East-Europe Corridor “promising”
NEW DELHI : At the Indo-Pacific Regional Dialogue 2023 on November 15 here, Union Finance Minister Smt Nirmala Sitharaman declared the “promising prospects” of the India-Middle East-Europe Connectivity Corridor (IMEC). Sitharaman explained in detail
CWIT first phase likely to be operational by Dec 2024 : Karan Adani
COLOMBO : The first phase of Colombo West International Terminal (CWIT) is likely to be operational by December 2024, Adani Ports and Special Economic Zone (APSEZ) Whole Time Director and CEO Mr. Karan Adani
Railways set to cross 1.5 lakh crore on freight push
NEW DELHI : Indian Railways’ revenue is set to cross Rs 1.5 lakh crore on Wednesday, a day after earnings from freight hit the Rs 1 lakh crore mark. While overall revenues climbed 6.5%