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May 30, 2024

Shipment delays double as ships clog up Singapore’s ports

Container, Container Terminal, Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
SINGAPORE : The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets in preparation for an elongated peak
May 30, 2024

Merchant vessel damaged after hit with 3 missiles off Yemen: Security Firm Ambrey

International Shipping, Defence, Maritime, Shipping Line, Trending News
YEMEN : A merchant vessel was “taking on water” off the Yemeni Port of Hodeida on Tuesday after it was damaged in a missile attack, Maritime Security firm Ambrey said. The ship was “targeted
May 30, 2024

FIEO President calls for increased export development funds for MSMEs

EXPORT, Trade, Trending News
NEW DELHI : Ashwini Kumar, President, the Federation of Indian Export Organisations (FIEO), has expressed concerns over the grossly inadequate budgets allocated for market development schemes aimed at increasing exports. He highlighted that the
May 30, 2024

S&P Global upgrades India’s outlook to ‘positive’, affirms ‘BBB-’ long-term rating

Trade, Economy, Global Trade, International Shipping, Trending News
NEW YORK : Taking note of robust growth and rising quality of government spending, S&P Global Ratings on Wednesday revised the outlook on India’s economy to ‘positive’ from ‘stable’. However, it retained the sovereign
May 30, 2024

Exports of marine products drop 9 pc to USD 7.37 billion in 2023-24

EXPORT, COMMERCE, Marine, Maritime, Trade, Trending News
NEW DELHI : Exports of marine products contracted by 8.74 per cent to USD 7.37 billion during 2023-24 due to demand slowdown in key markets of the US and Europe, according to the Commerce
May 30, 2024

iThink Logistics launches an advanced weight discrepancy management dashboard to streamline E-commerce operations

Logistics, COMMERCE, Technology, Trade, Trending News
MUMBAI : iThink Logistics, a Mumbai-based integrated logistics and supply chain solutions provider, proudly announces the launch of its innovative Weight Discrepancy Management Dashboard. The Dashboard is designed to help e-commerce sellers manage and
May 30, 2024

Indian Register of Shipping certifies Autonomous System with dual navigation capability in collaboration with Mazagon Dock Shipbuilders

Maritime, Ship Building, Shipping, Technology, Trending News
MUMBAI : Indian Register of Shipping (IRS) is pleased to announce its successful collaboration with Mazagon Dock Shipbuilders Limited (MDL) on the pioneering technology demonstration of Autonomous Navigation system with dual navigation capabilities on
May 30, 2024

Indian Railways ordered 2,000 Open Wagons

Logistics, Railway, Trade, Trending News
NEW DELHI : Indian Railways (IR) has signed a significant agreement with a joint venture of the state-owned companies Steel Authority of India (SAIL) and Rail India Technical and Economic Service (RITES), this is
May 30, 2024

Gram Car Carriers agrees to $700 Million acquisition by MSC subsidiary

International Shipping, Logistics, Shipping Line, Trending News
GENEVA : Gram Car Carriers ASA (GCC) has announced the acceptance of a voluntary cash offer from SAS Shipping Agencies Services Sàrl (SAS), a wholly-owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest
May 30, 2024

AP Moller-Maersk recognised as a Leader in the 2024 Gartner Magic Quadrant™ for third year in a row

International Shipping, Global Trade, Logistics, Shipping Line, Trending News
COPENHAGEN : AP Moller-Maersk has been recognized as a Leader in the 2024 Gartner Magic Quadrant™ for Third-Party Logistics (3PL) report. It’s the third consecutive year that Maersk has been named a Leader. According to Gartner, Leaders
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