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May 22, 2023

GreenLine to add 1,500 LNG-powered trucks to its fleet in FY24

Logistics, Shipping, Transport, Trending News
NEW DELHI : Green mobility solutions provider GreenLine will add 1,500 liquefied natural gas (LNG) trucks to its fleet in the current financial year, ending March 2024. The company, part of the Essar Group,
May 22, 2023

Government to announce locations for eight new cities, to ease population pressure and foster economic growth

Trade, Business, Economy, Infrastructure, Trending News
NEW DELHI : Plans for eight new cities to ease population pressure on existing urban centres are being considered, stated a senior official in Indore on 18 May. M B Singh, the Director of
May 22, 2023

Chattogram to Ranong direct shipping yet to start after 1.5 years of signing MoU

Trending News, Foreign Ports, International Shipping
DHAKA : Traders in Chattogram were quite upbeat when Bangladesh and Thailand signed a memorandum of understanding in December 2021 to launch direct coastal shipping services between Chattogram and Ranong ports. It would save
May 22, 2023

COSCO to take stake in Hamburg Port terminal

International Shipping, Foreign Ports, Trending News
BERLIN : Germany has agreed to let Chinese Shipping giant COSCO buy a stake in a container terminal at Hamburg’s Port. The deal was originally given the green light last October, but ran into
May 22, 2023

Panama Canal imposes Shipping Restrictions to cope with Worsening Drought

International Shipping, Maritime, Shipping Line, Trending News
PANAMA : A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected
May 22, 2023

World Bank: Global container ports continue to recover from pandemic-era disruptions

Foreign Ports, Trending News
WASHINGTON DC : Operational conditions at global ports have improved significantly following the unprecedented levels of disruption triggered by the COVID-19 pandemic, according to the third edition of the Global Container Port Performance Index
May 20, 2023

MoU signed for ‘Riverine Based Religious Tourism Circuit’ to connect seven Religious places on Brahmaputra

Maritime, Trending News, waterways
GUWAHATI : A Memorandum of Understanding (MoU) was signed in Guwahati, Assam for the development of ‘Riverine Based Religious Tourism Circuit’ among Inland Waterways Authority of India (IWAI), Sagarmala Development Corporation Limited (SDCL), Assam
May 20, 2023

Withdrawal of Rs 2000 notes: Here is everything you want to know

Trade, Business, Economy, Trending News
NEW DELHI : Reserve Bank of India (RBI) has decided to withdraw the Rs 2000 denomination banknotes from circulation. Although it will remain a legal tender for now and can be deposited in the bank
May 20, 2023

CONCOR Q4 reports : Profit rises 7.7% to Rs 279 crore, revenue up 6%

Trending News, Company, ICD, Logistics, Railway
NEW DELHI : Container Corporation of India Ltd (Concor), on Thursday, posted a consolidated profit of Rs 279 crore for the March quarter. This is 7.7 per cent rise from Rs 259 crore a
May 20, 2023

Delhivery Q4 results : Loss widens to Rs 159 crore as revenue falls for 2nd quarter

Logistics, Company, Trending News
HYDERABAD : Delhivery‘s net loss widened to Rs 159 crore in the fourth quarter ended March 2023, as the logistics company’s revenue dropped for the second straight quarter amid a slowdown in e-commerce. Delhivery reported
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