Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
COPENHAGEN : A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 String
Healthcare logistics platform AllTrak raises INR 4.2Cr in Pre-Series A round led by Inflection Point Ventures
DELHI : AllTrak, a healthcare Technology and logistics platform has raised INR 4.2Cr in a pre-series Around led by Inflection Point Ventures. The funds will be allocated towards team expansion, technology enhancement, and logistics
CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia to North Europe/west Mediterranean FAK (freight
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and 2019 respectively. On the other hand,
89th WCO Policy Commission session held in Venice
VENICE : At the kind invitation of the Government of Italy, the World Customs Organization’s (WCO) Policy Commission held its 89th Session in Venice, from 5 to 7 December 2023, under the Chairmanship of Edward
Sarbananda Sonowal informs Rajya Sabha on Growth in Shipbuilding industry in the country
NEW DELHI : To promote “Make in India“ policy and to support shipbuilding industry in India, Ministry has brought in Shipbuilding Financial Assistance Policy (SBFAP) scheme for Indian shipyards to procure orders from domestic
16 countries onboard to be partners for Vibrant Gujarat Global Summit 2024
GANDHINAGAR : As many as 16 countries and 14 organisations have so far confirmed to be partners for the upcoming 10th edition of Vibrant Gujarat Global Summit 2024 next month, officials said Wednesday. The
Board Meeting of Adani Ports’ on December 12, to consider raising funds
AHMEDABAD : Adani Ports and Special Economic Zone on Wednesday said its board will meet on December 12 to consider a proposal to raise funds through the issue of non-convertible debentures or issue or