Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its
CH Robinson third quarter air cargo volumes dip
MINNESOTA : Multimodal third-party logistics service provider (3PL) CH Robinson saw air cargo volumes within its forwarding unit drop in the third quarter as it grappled with a challenging market. Minnesota, US-headquartered CH Robinson
FTAs can’t be used to damp steel : Piyush Goyal
NEW DELHI : India, in ongoing talks on several Free Trade Agreements, may push for clauses to ensure that steel products imported from the partner country are manufactured in that country rather than being routed
Adani Group’s port terminal project secures $553 million funding from U.S. DFC : Karan Adani
COLOMBO : The U.S. International Development Finance Corporation (DFC) has recently pledged $553 million in funding for the Colombo West International Terminal Pvt. Ltd. (CWIT) project, a consortium involving Adani Ports and SEZ Ltd., John
CONCOR’s new CMD discussed about rate hike by the Indian Railways on Container traffic
NEW DELHI : In a recent announcement, Shri Sanjay Swarup, the newly appointed Chairman and Managing Director of Container Corporation of India Ltd (CONCOR), outlined his vision and strategy for the state-run company. Among
JSW Infra looks to bid for ports under govt’s privatisation plan
MUMBAI : JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transshipment port project at
Maharashtra Cabinet approved the state’s first Export Incentive Policy
MUMBAI : The Maharashtra Cabinet on Wednesday approved the state’s first export incentive policy which is aimed at generating investments worth Rs 25,000 crore. The state plans to have a 22% share in the country’s target
Adani Green to invest $750 mn in Sri Lanka power sector : Karan Adani
AHMEDABAD : Adani Green, a unit of the Adani Group, has announced a substantial investment of $750 million in Sri Lanka’s power sector, as revealed by Adani Ports and Special Economic Zone (SEZ) CEO, Mr. Karan Adani, in an exclusive interview.
