370 tonnes of imported potatoes still wait for unloading at Benapole
DHAKA : Around 370 tonnes of potatoes, which are waiting to be unloaded four days after being imported from India have started to rot, due to severe heat
MSC makes $700m Gram Car Carriers takeover bid
GENEVA : The board of Gram Car Carriers (GCC) have unanimously recommended to shareholders a takeover bid from MSC through its subsidiary SAS Shipping Agencies. SAS has put
DP World promotes transparent sustainable infrastructure development
DUBAI : DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose its development impact in countries of
DSV reports US$5.5 billion revenue in 2024 first quarter
COPENHAGEN : DSV kicked off 2024 on a high note, securing increased market share across all divisions. The first-quarter results are as expected and signify the stabilization of
ClassNK releases route correction factors calculation tool ‘WACDAS’- supporting containe
TOKYO : ClassNK has released a new tool, ‘WACDAS (WAve Climate Data Aggregation for Ships)’, for calculating the route correction factors essential for ensuring the safety of container
As Iran-Israel conflict intensifies, India Inc feels the heat
NEW DELHI : Iran-backed Hezbollah has launched a barrage of rockets at an Israeli army headquarters days after Tehran made a “maximum level response” warning to Israel. Iran
India working on improving fares for coastal shipping, revamps coal transport pricing
NEW DELHI : An inter-ministerial group is re-examining the mechanism to “improving” fares for transport of coal under the rail-sea-rail route, also called coastal shipping. The idea is
First quarter of 2024, earnings down with cost measures intensified : Kuehne+Nagel
Kuehne+Nagel GroupCHF million Q1 2024 Q1 2023 Δ Net turnover 5,508 6,748 -18% Gross profit 2,076 2,394 -13% EBITDA 576 803 -28% EBIT 376 612 -39% Earnings 278
India’s Major Ports’ see 4.45 % cargo volume growth in FY24 : IPA
NEW DELHI : India’s 12 major ports handled 819.227 million tonnes (mt) of cargo in FY24, some 4.45 percent more than the 784.305 mt handled during last year on
Mahindra Logistics Q4 loss widens to Rs 12.85 cr on subdued volume growth
MUMBAI : Mahindra Logistics reported a fifth straight quarterly loss on Monday, hurt by subdued volume growth at its mainstay business of supply chain management. Consolidated net loss