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January 4, 2024

SMP, Kolkata to submit detailed project report of Great Nicobar transhipment project soon

Container Terminal, Ports, Transhipment Port, Trending News
KOLKATA : The Syama Prasad Mookherjee Port (SMP), formerly known as Kolkata Port, is set to submit the detailed project report (DPR) for the ambitious International Container Transhipment Port (ICTP) at Galathea Bay in
January 4, 2024

PSA Mumbai becomes India’s first 100 per cent renewable terminal

Maritime, Ports, Private Port, Trending News
MUMBAI : PSA Mumbai has reached a significant milestone in its emissions reduction path with the commissioning of its 7.8 megawatt (MW) solar farm with O2 Power. As a result, this makes PSA Mumbai
January 4, 2024

Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown

Logistics, Business, Company, Global Trade, Trade, Trending News
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The company is also spending $100 million
January 4, 2024

Gujarat signs deal worth ₹7.17 trillion with 58 companies ahead of Vibrant Gujarat Global Summit

Trade, Business, Economy, Global Trade, Trending News
GANDHINAGAR : Gujarat state on Wednesday signed initial investment agreements worth Rs. 7.17 trillion ($86.07 billion) with 58 companies operating in sectors such as energy, oil and gas, and chemicals, its government said. The home
January 4, 2024

Indian exporters brace for more price hikes as normalcy evades Red Sea

EXPORT, Business, International Shipping, Shipping, Shipping Line, Trade, Trending News
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
January 4, 2024

Red Sea conflict sees Air cargo demand rise

Air cargo, Export - Import, International Shipping, Logistics, Shipping, Shipping Line, Trade, Trending News
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,
January 4, 2024

Stinne Taiger Ivø appointed Deputy Secretary General at BIMCO

International Shipping, Associationn, Maritime, Shipping, Trade, Trending News
LONDON : BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from 1 January 2024. Ivø joined BIMCO in early 2022 to lead the Contracts &
January 4, 2024

From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says GTRI report

Export - Import, Business, COMMERCE, Global Trade, Trade, Trending News
NEW DELHI : India’s rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries such as Oman, Peru, Europe, and
January 4, 2024

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil Secretary

Export - Import, LNG, Maritime, Trending News
NEW DELHI : India’s top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India’s Oil Secretary
January 4, 2024

Schedule reliability continues to decline : Sea-Intelligence Report

International Shipping, Shipping Line, Trade, Trending News
COPENHAGEN : Global schedule reliability has declined by 2.5 month-over-month (MoM) in November 2023 to 61.9 per cent. According to Sea-Intelligence’s issue 148 of the Global Liner Performance (GLP) report, on a year-over-year (YoY)
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