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January 31, 2024

Contrasting schedule reliability in Taiwan’s container lines, Evergreen tops in December 2023

International Shipping, Logistics, Shipping Line, Trade, Trending News
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes
January 31, 2024

INS Sumitra Carries out 2nd Successful Anti Piracy Ops – Rescuing 19 Crew members and Vessel from Somali Pirates

Maritime, COMMERCE, Ports, Shipping, Trending News
NEW DELHI : Indian Naval Ship Sumitra, having thwarted the Piracy attempt on FV Iman, has carried out yet another successful anti-piracy operation off the East Coast of Somalia, rescuing Fishing Vessel Al Naeemi and
January 31, 2024

ClassNK grants Innovation Endorsement for Products & Solutions to Cydome Everlight

International Shipping, Maritime, Trending News
TOKYO : ClassNK has granted its Innovation Endorsement*1 for Products & Solutions to a cyber security solution “Cydome Everlight” developed by Cydome Security LTD. Cydome Everlight is a solution to support ship’s full-scope cybersecurity management
January 31, 2024

Logistics startups slash jobs as freight volumes drop

Logistics, Railway, Trending News
SAN FRANCISCO : Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, according to a report on
January 31, 2024

KEZAD Group announces AED 621m investment for New Warehousing Capacity

Logistics, Trade, Trending News
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, today announced that it has commenced the development of warehousing capacity of more than
January 31, 2024

Red Sea diversion sends shipping costs soaring for Bangladesh apparel exporters

International Shipping, EXPORT, Trade, Trending News
DHAKA : There’s been a more than 30 per cent increase in freight charges and an additional 15 days in sailing time due to ships rerouting away from the Red Sea. Media reports maintained
January 30, 2024

Finance Ministry reviews that there are Scopes to add more quality and complexity to India’s exports

Trade, Economy, EXPORT, Trending News
NEW DELHI : There is scope to add more quality and complexity to India’s exports, given the existing capabilities, the Finance Ministry said in its economic review for January. It also said that despite subdued global trends
January 30, 2024

Govt working on SEZ reforms : Commerce Secretary

Trade, COMMERCE, Economy, Trending News
NEW DELHI : The government is working on reforms in the Special Economic Zone (SEZ) domain so that movement of goods between domestic tariff area (DTA) and SEZ space is carried out smoothly without
January 30, 2024

CONCOR and Indian Oil sign MOU for Collaborative Logistics Ventures

Logistics, Company, Railway, Trending News
NEW DELHI : In a significant event witnessed by dignitaries including Shri. Sanjay Swarup, CMD CONCOR, and Shri Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum of Understanding (MOU) was
January 30, 2024

India to become third largest economy with GDP of $5 trillion in three years : Finance Ministry

Trade, Economy, Trending News
NEW DELHI : India is anticipated to become the third-largest economy in the world with a GDP of $5 trillion in the next three years, the Finance Ministry said on Monday. The ministry added
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