Logistics market shines with entry of global players
MUMBAI : Some of the world’s largest logistics players and private equity fund managers are foraying into Indian industrial and logistics spaces in the country which has a
India’s trade deficit with China breaches $100 billion first time
NEW DELHI : India’s trade deficit with China breaching $100 billion for the first time in 2022 according to the latest data released by the China customs department.
Second largest bank of Russia launches direct payments in rupees
NEW DELHI : Russian VTB Bank, Russia’s second largest bank, launches direct payments in rupees in what would boost bilateral trade and investments in a big way. Russian SME clients can now
Chinese Clean Energy Giant Unveils World’s Largest Wind Turbine
BEIJING : Ming Yang Smart Energy Group Ltd. unveiled the world’s largest wind turbine, an offshore behemoth whose more than 140-meter-long blades will sweep across an area larger
Apple growers demand 100% import duty
SHIMLA : With the Congress government coming to power in Himachal Pradesh, now apple growers have pinned high hopes from the Chief Minister Shri Sukhvinder Singh Sukhu to fulfil their
Port of Singapore surpasses 37 million TEUs in second busiest year in history
SINGAPORE : Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record
Mawani and Marasi to establish Seamen’s Club at Saudi Ports
RIYADH : The Saudi Ports Authority (Mawani) and Marasi Marine Service Co. have reached an agreement to set up a Seamen’s Club at Jeddah Islamic Port, King Abdulaziz
Hapag-Lloyd : New container transshipment hub in the East Med
EGYPT : Hapag Lloyd‘s transshipment terminal with an annual throughput capacity of 3.3 million TEUs is under construction . A state-of-the-art transshipment terminal with an annual handling capacity
MSC continues support for Team Malizia’s remote ocean data collection during round-the-world saili
GENEVA : Scheduled on 15 January a six-month-long sailing race will start from Alicante, Spain for a journey around the globe. Skippered by Boris Herrmann, and supported by
PIL successfully launched first Block Train in Africa
SINGAPORE : As PIL continues to roll out its new intermodal services, it is pleased to announce the successful launch of its First Block Train Service in Africa