Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The
Gujarat signs deal worth ₹7.17 trillion with 58 companies ahead of Vibrant Gujarat Global Summit
GANDHINAGAR : Gujarat state on Wednesday signed initial investment agreements worth Rs. 7.17 trillion ($86.07 billion) with 58 companies operating in sectors such as energy, oil and gas, and
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics
Stinne Taiger Ivø appointed Deputy Secretary General at BIMCO
LONDON : BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from 1 January 2024. Ivø joined BIMCO in early
From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says GT
NEW DELHI : India’s rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries
Schedule reliability continues to decline : Sea-Intelligence Report
COPENHAGEN : Global schedule reliability has declined by 2.5 month-over-month (MoM) in November 2023 to 61.9 per cent. According to Sea-Intelligence’s issue 148 of the Global Liner Performance
AD Ports to invest $200 million in new Red Sea port terminal
ABU DHABI : AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
PM inaugurates, dedicates to nation and lays foundation stone of multiple development projects worth
TIRUCHIRAPPALLI : Prime Minister, Shri Narendra Modi inaugurated, dedicated to the nation and laid the foundation stone of development projects worth more than Rs 20,000 crores in Tiruchirappalli,
