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October 31, 2023

CMA CGM increases rates on Transatlantic trade

International Shipping, Shipping Line, Trending News
MARSEILLE : French ocean carrier CMA CGM announced adjustments on its rates, due to the “unsustainable rate levels” reached on the Transatlantic trade, effective from November for all Transatlantic westbound lines. From To 20’ST/RFCurrent
October 31, 2023

Mawani boosts Maritime Links with addition of CMA CGM’s India Gulf Express Service to King Abdulaziz Port

International Shipping, Foreign Ports, Maritime, Shipping Line, Trade, Trending News
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of the India Gulf Express freight service, operated by the French container carrier CMA CGM, to King Abdulaziz Port. This strategic move aims
October 31, 2023

KEZAD commences AED 330m primary Infrastructure Development for Food and Auto-Hubs

International Shipping, Global Trade, Infrastructure, Logistics, Trade, Trending News
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones in the UAE, announced that infrastructure work at a cost of approximately AED 330
October 31, 2023

Höegh Autoliners sheds one car carrier and buys another

International Shipping, Shipping Line, Trending News
NORWAY : Norwegian car carrier player Höegh Autoliners has reached an agreement for the sale of one and the acquisition of another vessel. Höegh said on Monday that it sold its Höegh Bangkok vessel to an
October 31, 2023

India, Japan and South Korea should work together to protect shipping

EXPORT, Fuel, Global Trade, Maritime, Shipping, Trending News
TOKYO : The outbreak of warfare between Israel and Hamas is bringing reminders to Asian economies about their continued reliance on energy imports from the Middle East. In 2018, 76% of crude oil traveling
October 31, 2023

Dry Bulk Market – Capesizes on correction mode : Baltic Exchange

Break Bulk Cargo, International Shipping, Trending News
LONDON : The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained
October 30, 2023

PM Modi to launch multiple development projects on 2-day Gujarat visit from Oct 30

Infrastructure, Logistics, Railway, Trade, Trending News
NEW DELHI : Prime Minister Shri Narendra Modi will be on a two-day visit to Gujarat from today, Monday during which he will inaugurate and lay the foundation stones of development projects worth Rs
October 30, 2023

Gadkari announces Mihan expansion, making city cargo capital, tech hub

Trade, Infrastructure, Trending News
NAGPUR : It’s advantage Vidarbha as the city’s ambitious Mihan Project will be expanded towards Gumgaon near Samruddhi Expressway and Hingna. Addressing a meeting of MPs, MLAs and industrialists from Vidarbha to seek suggestions
October 30, 2023

Adani APSEZ adds new Aircraft Leasing Unit in GIFT City

Aviation, Business, Company, Trade, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) has officially established a fully-owned subsidiary company called Udanvat Leasing IFSC Unit. This subsidiary’s primary purpose is to engage in the ownership and leasing of aircraft.
October 30, 2023

Coming up Rs. 700 crore ‘Twisted’ tower in GIFT City; Approval granted for its construction

Trade, Business, Infrastructure, Trending News
GANDHINAGAR : Approval has been granted for the construction of the first “twisted” building in GIFT City, with an estimated cost of 700 crore rupees. Ahmedabad-based Shivalik Developers will construct this 32-story structure, named
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