India takes connectivity to new level; introduces 8 national high-speed road corridors spanning 936 km, with investment of Rs 50,655 cr
NEW DELHI : Aiming to enhance logistics efficiency, reduce congestion, and improve connectivity nationwide, India took a significant leap by introducing 8 national high-speed road corridors spanning 936 kms. With an investment of Rs
Decarbonizing freight transport in India
NEW DELHI : With massive investment in capacity augmentation, Indian Railways (IR) has been trying very hard to attract non-bulk traffic for more than a decade now, but with limited success. It is also a matter
New York Shipping Exchange recalibrates strategy amid global shipping challenges
NEW YORK : The New York Shipping Exchange has modified its operating strategy, responding to a significant shift in how customers contract for container shipments. Rather than focusing largely on drafting contracts, the over-the-counter exchange now
Global trade conditions continue to deteriorate in July
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half of 2024. The seasonally adjusted Global
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
Baltic index set for first weekly gain in four on strong capesize demand
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for
Sonowal introduces two shipping-related bills in Lok Sabha
NEW DELHI : Union Minister of Shipping Shri Sarbananda Sonowal on Friday (August 9, 2024) introduced two Bills — Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024, in
IWAI implements JMVP : MoPSW
NEW DELHI : The Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Lok Sabha that, IWAI has undertaken implementation of the Jal Marg Vikas Project (JMVP)