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January 4, 2024

AD Ports to invest $200 million in new Red Sea port terminal

Logistics, Company, Foreign Ports, International Shipping, Trade, Trending News
ABU DHABI : AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga Sea Port in Egypt. AD Ports
January 4, 2024

Yemen’s Houthis say they ‘targeted’ container ship CMA CGM Tage, no damage reported

International Shipping, Defence, Maritime, Shipping Line, Trending News
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the militant group had fired two anti-ship
January 4, 2024

Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas

International Shipping, Logistics, Shipping Line, Trade, Trending News
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media. The freight forwarder Rif Line launched
January 3, 2024

PM inaugurates, dedicates to nation and lays foundation stone of multiple development projects worth more than Rs 20,000 crores in Tiruchirappalli, Tamil Nadu

Trade, Associationn, Economy, Infrastructure, Trending News
TIRUCHIRAPPALLI : Prime Minister, Shri Narendra Modi inaugurated, dedicated to the nation and laid the foundation stone of development projects worth more than Rs 20,000 crores in Tiruchirappalli, Tamil Nadu. The development projects include
January 3, 2024

Ministry of Ports, Shipping And Waterways Year-end review 2023

Maritime, Coastal Shipping, Export - Import, Inland Waterways, Logistics, Ports, Shipping, Trade, Trending News
NEW DELHI : The Ministry of Ports, Shipping & Waterways has released Year-End Review 2023. MoPSW Major Achievements during 2023 Prime Minister launches the ‘Maritime Amrit Kaal Vision 2047′ encompassing aspirations in Logistics, Infrastructure,
January 3, 2024

Sanjay Sethi, the IAS officer who steadied J N Port and took it to new heights, demits office

Trending News, Logistics, Ports, Trade
MUMBAI : Maharashtra cadre Indian Administrative Service officer Mr. Sanjay Sethi, demitted office as Chairman, Jawaharlal Nehru Port Authority (JNPA) on Tuesday after an eventful five-year term, a period marked by the biggest pandemic the world has
January 3, 2024

JNPA team achieves record-breaking 6.35 Million TEUs handling in CY 2023

Ports, Shipping, Trending News
MUMBAI : Commending the exceptional achievements of the JNPA team! With a record-breaking 6.35 Million TEUs handled in CY 2023, we celebrate the dedication and excellence that define our success. Shri Sanjay Sethi, IAS,
January 3, 2024

APSEZ raises cargo volume guidance for FY24

Logistics, Ports, Shipping, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone Limited is now targeting over 400 metric tonnes (MMT) of cargo volumes in the curent financial year 2023-24 (FY24), surpassing the upper end of the guidance
January 3, 2024

Indian Railways targets 55% freight modal share for global competitiveness

Logistics, Railway, Trending News
NEW DELHI : Indian Railways must double its modal share in freight to 55% for India to achieve global economic competitiveness, according to Railway Minister Shri Ashwini Vaishnaw. “On aggregate, we should be reaching
January 3, 2024

PHDCCI submits economic memorandum to Fin-Min ahead of Union Budget 2024-25

EXPORT, COMMERCE, Economy, Trending News
NEW DELHI : In anticipation of the Union Budget for the fiscal year 2024-25, the PHD Chamber of Commerce and Industry (PHDCCI) has submitted a comprehensive memorandum on the economy to the Union Finance
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