HAIFA : Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period
RIYADH : For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to an increase over the 704,486 TEUs
INCHEON : CJ Logistics, with its Global Distribution Center (GDC) in Incheon, is currently testing a new way to process stored goods to get them ready for international shipping more efficiently. One hundred and
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game, unless cargo volumes tick up in
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies
MUMBAI : Allcargo Standalone September 2023 Net Sales reported at Rs 384.43 crore, down 60.88% Y-o-Y Net Sales at Rs 384.43 crore in September 2023 down 60.88% from Rs. 982.75 crore in September 2022.
SINGAPORE : Companies exporting rice, white goods and polymer from India to the Persian Gulf have got a leg up from a proposal to construct a warehouse in the UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld
CHENNAI : The Indian Institute of Technology Madras (IIT Madras) faculty, students and the alumni have developed a mobile application to enable easier and efficient transportation of goods within cities. The app is called
SEOUL : Hanjin Logistics Corp., an affiliate of airline-to-logistics conglomerate Hanjin Group, said it has signed an initial pact with a Chinese company for a business partnership in the Chinese logistics market. Hanjin Logistics
SYDNEY : Australia’s biggest ports operator, DP World Australia which has been the target of a cyber-attack, has begun gradually restarting its operations, but key exports could be subject to prolonged delays. DP World