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February 28, 2024

KSH Distriparks announced an impressive 25% surge in import value for 2023, marked by an 8% rise in TEUs compared to the previous year

Logistics, Company, Trade, Trending News, Warehousing
PUNE : KSH Distriparks, a leading logistics service provider specialising in container logistics solutions, has announced a remarkable 8% growth in container volumes, recording 74,150 TEUs (Twenty-foot Equivalent units) for the fiscal year 2022-2023
February 28, 2024

AVG Logistics to operate Chennai-Guwahati parcel express train

Logistics, Railway, Trending News
NEW DELHI : AVG Logistics Ltd has taken on lease a goods train running from Chennai to Guwahati for Rs 105 crore. The train will be used by AVG Logistics to transport its goods
February 28, 2024

DGFT revamped the e-BRC system to enable self-certification by exporters

EXPORT, DGFT, Trending News
NEW DELHI : The DGFT has revamped the e-BRC system to enable self-certification by exporters, eliminating the need for bank requests and paperwork. This cost-free, paperless process facilitated via DGFT’s portal enhances efficiency, reduces
February 28, 2024

Cochin Port Union urges CPA to maximize revenue from created assets

Ports, Trending News
KOCHI : Cochin Port Employees’ Organisation (CPEO) has urged the Cochin Port Authority (CPA) to take prompt and effective steps to maximise port revenue from the assets created on port land with public investments
February 28, 2024

PIL collaborates in MoUs with SGTraDex and bunker suppliers

International Shipping, Ship Bunkering, Trending News
SINGAPORE : Pacific International Lines (PIL), in collaboration with Singapore Trade Data Exchange (SGTraDex), has recently entered into Memorandums of Understanding (MoUs) with bunker suppliers TFG Marine, KPI OceanConnect, and bp. These agreements aim
February 28, 2024

MISC Group announces financial results for the year 2023

International Shipping, Shipping Line, Trade, Trending News
KUALA LUMPUR : MISC is pleased to announce its financial results for the financial year ended 31 December 2023. Financial Highlights: Group Revenue, Operating Profit and Profit Attributable to Equity Holders of the Corporation
February 28, 2024

Japanese funding to enhance BIA & Colombo Port’s health facilities

Foreign Ports, Trending News
COLOMBO : A proposal to use Japanese assistance to improve cross-boarder health preparedness at the Colombo Port and the Bandaranaike International Airport (BIA) in Katunayake has been approved by the Cabinet. The International Organization
February 28, 2024

US targeted Iranian and Houthi commanders and shipping

International Shipping, Maritime, Trending News
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy commander of Iran’s Islamic Revolutionary Guard
February 28, 2024

Cargo volumes in Red Sea area drop 21% due to attacks on ships : BIMCO

International Shipping, Foreign Ports, Logistics, Trade, Trending News
LONDON : “During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports
February 28, 2024

Baltic index hits over 1-month high on sturdy vessel rates

International Shipping, Shipping, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak on Tuesday, buoyed by climbing rates across all segments. The overall index,
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