TOKYO : Recently, International Logistics Group Limited (“ILG”), a U.K. subsidiary of Yusen Logistics Co., Ltd., acquired Noel Topco Limited, a U.K.-based holding company of 10 companies, including Global Freight Solutions Limited (“GFS”). The
THOOTHUKUDI : Currently, nearly 75% of India’s trans-shipped cargo is handled at ports outside India. Colombo, Singapore and Port Klang in Malaysia handle more than 85% of this cargo, with Colombo alone handling approximately
NEW DELHI : India and South Korea are hopeful of concluding negotiations to ‘upgrade’ the Comprehensive Economic Partnership Agreement (CEPA) in 2024 before a possible state visit of the Korean President, Ambassador Chang Jae-bok
LOS ANGELES : APM Terminals has announced a significant advancement in its terminal operations fleet by transitioning to electric vehicles (EVs). With an investment of nearly US$1 million, the terminal has replaced 28 internal
NEW DELHI : Apparel exporters body AEPC on Wednesday said the industry is working on sustainability production practices as it would help enhance the competitiveness of the sector in the international market. Apparel Export
AHMEDABAD : Adani New Industries (ANIL) is actively engaged in discussions to secure up to US$3 billion in funding, earmarked for capital expenditure to bolster its presence in India’s burgeoning green hydrogen sector. The
ABU DHABI : The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India to Europe, India’s ambassador to the United Arab Emirates said. India has taken
MEMPHIS : FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp, are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door solution with a strategic balance of speed
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of
ABU DHABI : The crisis in the Red Sea, one of the world’s busiest trade corridors, hit global merchandise trade volumes in 2023, according to Ngozi Okonjo-Iweala, Director-General, World Trade Organization (WTO). These disruptions,