The inaugural vessel of CI1 service calls at APM Terminals Pipavav
PIPAVAV : APM Terminals Pipavav received the first call of CI1 (China-India Express) service operated by COSCO/OOCL, last week. The vessel M.V. OOCL MEMPHIS of COSCO shipping line
Govt finalises 7 cargo berths for privatisation at major ports
NEW DELHI : The Ministry of Ports, Shipping and Waterways has prepared a list of seven operational cargo berths run by government-owned major ports that will be privatised
Inter-ministerial tiff over scheme implementation holds back National Logistics Policy: Sources
NEW DELHI : More than two years after the commerce department floated the first draft, the proposed National Logistics Policy that seeks to reduce India’s prohibitively high costs,
India’s plan to become a leading Rail Freight force
As international rail freight superpowers grow, India should not be overlooked. The country is not a new rail freight market. However, it is an extensive and full of
Export target of $400-billion for current fiscal bit ambitious: FIEO
The foreign trade agreements (FTAs) will help in boosting shipments NEW DELHI : The $400-billion export target for the current fiscal is a bit ambitious but can be
Hapag-Lloyd opens new office in Ukraine
ODESSA: Hapag-Lloyd has announced the opening of a new office in Ukraine, a country in Europe located on the northern shores of the Black Sea and the Sea
NYK conducts trial use of Biofuel to advance Decarbonization
TOKYO : In June, NYK bulk carrier Frontier Jacaranda conducted a trial use of biofuel made from waste cooking oil collected and refined in Singapore. The test run
Box rates up 332% year-on-year, schedule reliability hits dire new lows
LONDON : Shippers might be paying 332% more per box that they were this time last year, according to the latest data from Drewry, yet they’re having to put
Baltic Index hits 11-Year High on gains across Segments
LONDON : Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across
Port of Oakland increases FY 2022 budget
OAKLAND : The Oakland Board of Port Commissioners has approved a US$465.3 million fiscal year (FY) 2021-22 budget, which is increased by 7.6% from the budget of the