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March 11, 2024

PLI Scheme to make Indian companies global champions : Amitabh Kant

Logistics, Economy, Global Trade, Trending News
NEW DELHI : The PLI performance linked incentive scheme that was launched in 2020 is helping companies in India attain global size and penetrate global markets, which is essential for long term sustained growth
March 11, 2024

Gati Shakti cargo terminal at Sindi propels Nagpur as key logistics hub

Logistics, Infrastructure, Logistics Park, Railway, Trade, Transport, Trending News
NAGPUR : Nagpur is set to become a crucial logistics hub in India, with the development of a Gati Shakti Cargo Terminal (GCT) at Sindi dry port. The agreement was signed by Central Railway’s
March 11, 2024

CBIC issues circular to encourage Women participation in logistics and trade

Customs, COMMERCE, Economy, Logistics, Trade, Trending News
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) is committed to fostering a gender-inclusive trade environment that empowers women to contribute meaningfully to the global economy. CBIC has taken different
March 11, 2024

Mild tension at Krishnapatnam Port as port staff obstruct all-party delegation

Ports, Private Port, Trade, Trending News
NELLORE : Mild tension prevailed at Krishnapatnam Port as the security staff of the Adani Ports prevented the entry of an all-party delegation led by Telugu Desam Party (TDP) Polit Bureau member Somireddy Chandramohan
March 11, 2024

TVS SCS expands warehouse footprint in India by adding 6.5 lakh sq. ft. of ultra-modern warehousing space in Hosur

Logistics, Company, Trade, Trending News, Warehousing
CHENNAI : TVS Supply Chain Solutions Limited, a global supply chain solutions provider and one of the largest and fastest-growing integrated supply chain solutions providers in India, has announced the expansion of its warehousing
March 11, 2024

India-U.S. Maritime Security Exercise ‘Sea Defenders-2024’ culminates at Port Blair

Maritime, Defence, Trending News
PORT BLAIR : The comprehensive maritime security exercise ‘Sea Defenders-2024’ between the Indian Coast Guard (ICG) & United States Coast Guard (USCG) culminated at Port Blair on March 9, 2024. The exercise was aimed
March 11, 2024

PSA Singapore launches Jurong Island Terminal expansion project

Maritime, Foreign Ports, Trending News
SINGAPORE : PSA Singapore has unveiled a strategic initiative to expand its Jurong Island Terminal (JIT) in response to escalating demand for sustainable, efficient, and resilient supply chain solutions within Jurong Island’s industries. Situated
March 11, 2024

Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings

International Shipping, Maritime, Trending News
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect
March 11, 2024

Retrofitted cargo vessel powered by hydrogen fuel could revolutionize shipping industry

International Shipping, Trending News
A retrofitted cargo ship to be used on the Rhine River between The Netherlands and Germany is expected to produce lower carbon dioxide pollution than comparative vessels while still making regular trips. The H2
March 11, 2024

ClassNK grants Innovation Endorsement for Products & Solutions to “Cassandra” developed by Deep Sea Technologies

International Shipping, Maritime, Trending News
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC. “Cassandra” is a platform that integrates
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