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MSC joins shipping giants Hapag-Lloyd and Maersk in Red Sea travel pause amid attacks

December 18, 2023 International Shipping, Foreign Ports, Maritime, Shipping Line, Trade, Trending News
GENEVA : MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked Friday while transiting the Red Sea

13 States and Union Territories among achievers in Logistics Performance Index 2023 : DPIIT

December 18, 2023 Logistics, COMMERCE, Trade, Trending News
NEW DELHI : Andhra Pradesh, Karnataka, Tamil Nadu, Chandigarh, and Gujarat are among the 13 states and Union Territories that have again been categorised as “achievers” in the logistics index chart 2023, according to

Railways can help save Rs 1.28 lakh crore annually in diesel costs with its freight & cargo hauling : Ashwini Vaishnaw

December 18, 2023 Logistics, Associationn, Railway, Trending News
NEW DELHI : Railway Minister Shri Ashwini Vaishnaw has said that India can potentially save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1500 million tonnes of

India and UK look to resolve visa & EV issues under proposed FTA

December 16, 2023 Trade, Global Trade, Transport, Trending News
NEW DELHI : India and the UK are trying to resolve issues concerning visas for domestic professionals and duty concessions on British electric vehicles (EVs) as part of the proposed Free Trade Agreement, and

Indian Railways is planning to invest 1lakh Cr in new trains : Ashwini Vaishnaw

December 16, 2023 Railway, Infrastructure, Trending News
NEW DELHI : The Indian Railways is looking to acquire new trains with a total investment of ₹1 lakh crore over the next few years, Union Railways Minister Shri Ashwini Vaishnaw told. He said this comes due to increased

GIFT City unveils draft development plan for expansion; to engulf 5 villages in vicinity

December 16, 2023 Trade, Economy, Global Trade, Trending News
GANDHINAGAR : The Gujarat government on Friday unveiled a draft development plan for the expansion of Gujarat International Finance Tec-City or GIFT City in Gandhinagar which will inflate its present size by three times.

TiL, the investing arm of MSC buys 49% stake in Adani Ennore Container Terminal for Rs 247cr

December 16, 2023 International Shipping, Trade, Trending News
Adani Ports and Special Economic Zone Ltd (APSEZ), said it had entered into a second agreement with Terminal Investment Ltd (TiL), the container terminal operating and investing arm of container shipping line MSC, for the operation

MSC implementes new Asia FAK rates

December 16, 2023 International Shipping, Logistics, Shipping Line, Trade, Trending News
GENEVA : MSC has announced updated Freight All Kind (FAK) rates from Asia to several destinations around the world. Commencing on 1 January until further notice, a rate adjustment of US$300 per TEU will

CMA CGM increases rates from Red Sea to North Europe & West Med

December 16, 2023 International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : French box line CMA CGM has decided to raise its Freight All Kinds (FAK) rates from Red Sea to North Europe and West Mediterranean. The updated rates will go into effect on

Key recommendations proposed to improve Polar Code training : IMO

December 16, 2023 Maritime, Global Trade, Trending News
Argentina, along with co-sponsors Canada, Chile, Georgia, Malaysia, Philippines, South Africa and Türkiye, has tabled 14 recommendations with the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW), aimed at enhancing training programmes for seafarers
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