DAVOS : The Maharashtra Government has signed a memorandum of understanding (MoU) worth Rs 10,000 crore with Web Werks for investment in a mega IT/ITES data centre in the state in the next five
HAMBURG : Container shipping heavyweights Hapag-Lloyd and Maersk made waves in the liner shipping industry after revealing a groundbreaking operational cooperation deal, leading to Hapag’s withdrawal from THE Alliance. The move marks a strategic
DAVOS : The Governments of Dubai and Pakistan have signed two inter-governmental framework agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and
SINGAPORE : DHL Supply Chain, the global leader in contract logistics, has announced three new key leadership appointments in Asia Pacific. The company has appointed Sivananthan Sukumaran (Siva) as Head of Operations for DHL
PIRAEUS : In an unfortunate incident on 17 January, ZIM’s office in Greece, fell victim to a bomb planted by pro-Palestinian activists. The explosive event occurred during the early hours of 17 January, resulting
WASHINGTON : The US Military on Thursday conducted a fifth strike against Iranian-backed Houthi rebel military sites in Yemen and against Houthi anti-ship missiles stationed for launch into the Red Sea. These strikes, aimed at missiles deemed “an
SANAA : The US Military said Iran-backed Houthis launched two anti-ship ballistic missiles at an American-owned tanker ship in the Red Sea on Thursday night that hit the water near the vessel, causing no
WASHINGTON : The US has carried out a fourth round of strikes on Iranian-backed Houthis in Yemen, Pentagon officials confirmed on Wednesday night. Some 14 Houthi missiles, which the US says may have been
LONG BEACH : The conclusion of 2023 saw the Port of Long Beach (POLB) handle 8,018,668 TEUs, marking a 12.2% decrease from the previous year, but surpassing pre-pandemic levels reported in 2019. Import volumes
BEIJING : In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo