Kuehne+Nagel expands spare parts logistics for the automotive industry
BREMEN : As one of the leading logistics providers for the automotive industry, Kuehne+Nagel now manages a 170,000m² spare parts fulfilment and delivery centre in Wallersdorf, Germany. From this location, spare parts are
Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels by Houthis, according to official figures.
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower rates for the larger vessel segments.
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
“We must invest in resilient infrastructure today for a better tomorrow”: PM Modi
NEW DELHI : Emphasising the need for investment in resilient infrastructure, Prime Minister Shri Narendra Modi on Wednesday said that the focus should shift towards resilience in infrastructure once relief and rehabilitation are carried
Ashwini Vaishnaw said PM Modi guarantees to increase the capacity of Indian Railways in the next five years
NEW DELHI : Union Railways and IT Minister Shri Ashwini Vaishnaw said on Tuesday that in the next five years, Prime Minister Shri Narendra Modi guarantees that almost any passenger who wants to travel
CONCOR held discussions with CSLA
MUMBAI : Shri Sanjay Swarup, CMD, CONCOR, held discussions with the Container Shipping Lines Association (CSLA) in Mumbai on April 24,2024. The meeting was attended by CONCOR’s Area heads, field officers, as well as
MSME exporters are worst hit due to increased freight charges and doubled turnaround time
NEW DELHI : The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector. Increased freight charges, doubled turnaround time