March 24, 2026
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Maersk’s woes signal slow-motion industry crash

November 6, 2023 International Shipping, Company, Shipping Line, Trade, Trending News
COPENHAGEN : Shipping giant A.P. Moller-Maersk  is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not alone in trying to manage a

Adani Ports hit 48% growth in cargo handling in October, records highest ever monthly cargo volumes of 37 MMT

November 4, 2023 Export - Import, Company, Logistics, Ports, Trade, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday reported a 48 per cent growth in cargo handling at seaports it operated in October. The billionaire Mr. Gautam Adani’s firm handled

CONCOR plans to surrender land portion at Tughlakabad ICD in a bid to reduce land license fee payout to Indian Railways

November 4, 2023 Trending News, Company, Export - Import, ICD, Logistics, Trade
NEW DELHI : Container Corporation of India (CONCOR) on November 3 said that it plans to surrender a portion of land at its inland container depot (ICD) in Tughlakabad (Delhi) in a bid to

Swan Energy accelerates expansion with Reliance Naval and Engineering Acquisition

November 4, 2023 Maritime, Company, Defence, Trending News
MUMBAI : Swan Energy, operating through its special purpose vehicle Hazel Infra, will complete the acquisition of Reliance Naval and Engineering by paying Rs. 231 crore on November 15, well ahead of the November

PSA Italy wins at prestigious Italian Terminal and Logistics Awards

November 4, 2023 International Shipping, Company, Logistics, Maritime, Ports, Trade, Trending News
PIACENZA : PSA Italy was named ‘Best Port/Terminal Operator’ at the fifth edition of the Italian Terminal and Logistics Awards (ITALA)! The awards ceremony took place on 6 October at the GIS (Italian Days

C.H. Robinson has weak quarter as expected, but productivity rises

November 3, 2023 Logistics, Company, Trade, Trending News
EDEN PRAIRIE(U.S) : The quarterly numbers for C.H. Robinson came in as one might expect for a 3PL operating in the midst of a weak freight market that has been particularly brutal for brokerages.

Who is a monopoly in Indian Ports? Adani or Govt?

November 2, 2023 Ports, Company, Maritime, Trade, Trending News
MUMBAI : With a 24 percent market share in cargo handling, tycoon  Mr. GautamAdani  controlled  Adani Ports and Special Economic Zone Ltd (APSEZ) is said to be baring its fangs as a monopoly, per a

GMS Inc is looking ship leasing unit from IFSC : CEO Dr Anil Sharma

November 2, 2023 International Shipping, Company, Trending News
GANDHINAGAR : Dubai-based Global Marketing Systems Inc (GMS), the world’s largest buyer of ships and offshore assets for recycling, is “looking” at opening a ship leasing unit from the International Financial Services Centre (IFSC)

Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd

November 1, 2023 Logistics, Company, Trade, Trending News
AHMEDABAD : Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up

Adani Gangavaram Port inducts new cargo handling equipment in Visakhapatnam

November 1, 2023 Ports, Business, Company, Trending News
VISAKHAPATNAM : Adani Gangavaram Port (AGP) on Tuesday announced induction of new cargo handling equipment on the port premises here. The infra project includes facilitation of two new grabs and two new cargo hoppers,
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