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January 30, 2024

Mahindra Logistics swings to Q3 loss of Rs 17.41 cr on weak supply chain management business

Logistics, Trade, Trending News
MUMBAI : Mahindra Logistics reported a consolidated net loss of Rs 17.41 crore for the quarter ending in December 2023, compared to a net profit of Rs 1.39 crore recorded in the similar quarter of
January 30, 2024

Electronics and engineering goods’ exports among six focus sectors for targeting $1 trillion

EXPORT, Trade, Trending News
NEW DELHI : India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30.
January 30, 2024

ReNew proposes to invest Rs 26,400 crore for Green Hydrogen Project in Kerala

Trade, Business, Infrastructure, Trending News
GURUGRAM : ReNew, a Nasdaq-listed decarbonisation firm, has proposed a total investment of Rs 26,400 crore for a Green Hydrogen Project with 220-kilo-tonnes-per-annum (KTPA) of green hydrogen production capacity in Kerala. This green hydrogen capacity
January 30, 2024

Faceless assessment reduces manual intervention in Customs Department in Indore

Customs, COMMERCE, Trade, Trending News
INDORE : The Customs Department is working as a trade facilitator through Risk Management Systems (RMS) and clearing more than 90% consignments without manual intervention in Assessment and Examination. Initiatives like faceless assessment have
January 30, 2024

Indian Navy’s Warship Sumitra rescues Iranian vessel hijacked by pirates

International Shipping, Maritime, Trending News
NEW DELHI : Indian warship INS Sumitra on Monday ensured the safe release of an Iranian-flagged fishing vessel and its 17 crew members after it was hijacked by some pirates off the east coast
January 30, 2024

Container freight rates out of India continue to soar amid Red Sea crisis

Logistics, EXPORT, International Shipping, Shipping, Shipping Line, Trade, Trending News
MUMBAI : The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according to the latest market analysis. On
January 30, 2024

Sri Lanka boosts Colombo Port efficiency to address Red Sea emergency

Maritime, Foreign Ports, International Shipping, Trending News
COLOMBO : The Sri Lankan government on Monday said it is intensifying efforts to enhance operational efficiency at the Colombo Port to meet the escalating demand for container cargo operations in response to the
January 30, 2024

Port of Antwerp now handles 16-meter draft boxships

Foreign Ports, Ports, Shipping Line, Trending News
ANTWERP : After three years of efforts to prepare the Antwerp port for container ships with a 16-meter draft, the Belgian port is now ready to welcome the largest vessels during its regular operations.
January 30, 2024

FIATA and GSCC announce visionary MoU to jointly promote academic excellence in sustainable logistics

Logistics, Global Trade, Trade, Trending News
MUMBAI : FIATA and the GSCC have announced a visionary Memorandum of Understanding to jointly promote sustainability and academic excellence in education in the global freight forwarding and logistics sector with a focus on making
January 30, 2024

Messe Stuttgart India partners with Startup India to infuse innovation and investments into India’s promising Logistics Startup Ecosystem

Logistics, Technology, Trending News
NEW DELHI : With the government of India’s ambitious goals, particularly the National Logistics Policy and Gati Shakti initiatives along with the expansion of e-commerce and infrastructural developments, Indian logistics startups are stepping up
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