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December 16, 2023

CMA CGM increases rates from Red Sea to North Europe & West Med

International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : French box line CMA CGM has decided to raise its Freight All Kinds (FAK) rates from Red Sea to North Europe and West Mediterranean. The updated rates will go into effect on
December 16, 2023

Maersk tells its container ships to pause Red Sea voyages

International Shipping, Maritime, Trending News
COPENHAGEN : Container shipping giant A.P. Moller-Maersk A/S instructed any ships heading for the southern entrance of the Red Sea to halt their voyages following an attack on one of its vessels and spiraling risks to
December 16, 2023

Key recommendations proposed to improve Polar Code training : IMO

Maritime, Global Trade, Trending News
Argentina, along with co-sponsors Canada, Chile, Georgia, Malaysia, Philippines, South Africa and Türkiye, has tabled 14 recommendations with the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW), aimed at enhancing training programmes for seafarers
December 15, 2023

Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ) drives industrial growth with strategic Land Allotment

Logistics, Ports, Trade, Trending News
MUMBAI : Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ), the pioneering port-based operational multi-product Special Economic Zone in India, is making significant strides in industrial development. Spanning an expansive 277.38 hectares of
December 15, 2023

Essar to invest Rs 55,000 crore across Port, Power and Energy transition in Gujarat

EXPORT, Company, Infrastructure, Logistics, Private Port, Trade, Trending News
GANDHINAGAR : Essar Group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition ahead of the Vibrant Gujarat Global Summit 2024 and create more
December 15, 2023

Adani Ports mulls up to 10 billion rupees debt issue by March

Ports, Company, Private Port, Trade, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) is mulling a fund raise of up to 10 billion rupees ($120 million) from a domestic rupee bond sale, its first since 2021, two bankers
December 15, 2023

Centre cuts logistics costs to below 9% of GDP with higher state spending

EXPORT, Infrastructure, Logistics, Ports, Trade, Trending News
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government
December 15, 2023

Centre not considering any new PLI schemes : DPIIT Secretary

Trade, Business, COMMERCE, Policy, Trending News
NEW DELHI : The government will not expand the scope and coverage of its production-linked incentive scheme (PLI) during the ongoing fiscal year (2023-2024) and is likely to wait for the formation of a
December 15, 2023

Adani Group to make additional investment of Rs 8,700 Crore in Bihar

Logistics, Business, Infrastructure, Logistics Park, Railway, Trade, Transport, Trending News
PATNA : The Adani Group on Thursday said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. The group is already
December 15, 2023

MSC targets oversized Indian freight to use up excess vessel capacity

International Shipping, Logistics, Shipping Line, Trade, Trending News
GENEVA : Container lines — awash with excess capacity amid muted demand conditions — are attempting new strategies to lift headhaul loads. Signalling that trend, Mediterranean Shipping Co. (MSC) recently moved 30 transformers from
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