Singapore boosts maritime, aviation hub role as cargo flows shift and supply chain risks rise
SINGAPORE : Singapore is investing further in its infrastructure, processes and workforce to solidify its position as a trusted regional cargo centre. With more shippers expected to choose the city as their preferred transshipment
Bangladesh Water Transport workers end strike after govt assurances on sailors’ murders
DHAKA : Water transport workers in Bangladesh have called off their strike, which was initiated to demand justice for the murder of seven sailors on a lighter ship in Chandpur. The strike, which began
Egypt tests new extension of the Suez Canal
CAIRO : Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the key waterway’s capacity. During a trial
Shanghai Port sets world record for annual throughput at 50 Million TEUs
SHANGHAI : A container draped in festive red and marked “The 50 Millionth TEU of Shanghai Port’s Container Throughput in 2024” was smoothly lifted from an automated guided vehicle (AGV) by a remote-controlled quay
PSA Singapore hits record-breaking annual throughput of more than 40 Million Teus
SINGAPORE : PSA Singapore (PSA) reached a significant milestone, handling over 40 million Twenty-foot Equivalent Units (TEUs) in 2024. This new record surpasses PSA’s previous annual high of 38.8 million TEUs set in 2023,
New Bangladesh-Pakistan direct shipping route starts delivering results: DP World
KARACHI : More than 1,000 containers were shipped between Pakistan and Bangladesh since the launch of the ‘first direct shipping route’ between the two South Asian countries in October, according to the port operator
India unveils vision for groundbreaking Middle East-Europe Economic Corridor
NEW DELHI : India has outlined plans for its ambitious project IMEC (India-Middle East-Europe Economic Corridor) as it takes shape. The IMEC comprises two separate geographical corridors, said Shri Kirti Vardhan Singh, the Minister
AD Ports Group secures Refinancing and Upsizing of Revolving Credit Facility to USD 2.125 Billion
ABU DHABI : AD Ports Group, the leading facilitator of global trade, logistics and industry has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from USD 1 billion to USD 2.125 billion