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October 27, 2023

Russia strikes deal with Dubai’s DP World to develop Arctic Sea route

International Shipping, Maritime, Trending News
MOSCOW : Russian Nuclear Agency Rosatom said on Tuesday it has set up a joint venture with Dubai’s DP World to develop container shipping through the Arctic as part of an initiative heavily promoted
October 27, 2023

APM Terminals Malaysia to lead maritime decarbonisation in Asia

Ports, Foreign Ports, Terminal, Trending News
KUALA LUMPUR: The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative. This government-to-government decarbonisation scheme between
October 27, 2023

DSV and Saudi Arabia’s NEOM establish $10bn logistics joint venture

Logistics, Global Trade, Trade, Trending News
COPENHAGEN : DSV and Saudi Arabia’s ‘NEOM’ special economic zone have announced a $10bn logistics joint venture (JV) to support the development of NEOM Projects. The JV will focus on providing ground, sea and
October 27, 2023

Strengthened cooperation between WCO and OECD : An updated Memorandum of Understanding signed

Customs, Trade, Trending News
BRUSSELS : The World Customs Organization (WCO), represented by its Secretary General, Dr. Kunio Mikuriya, and the Organisation for Economic Co-operation and Development (OECD), represented by its Secretary General Mr. Mathias Cormann, signed an updated
October 26, 2023

Govt crafts innovative scheme to boost Coastal Shipping

Maritime, Coastal Shipping, Economy, Ports, Trade, Trending News
NEW DELHI : The government is weighing an innovative plan to promote coastal shipping by introducing integrated public-private-partnership (PPP) port projects at major ports by clubbing vessel acquisition with viability gap funding (VGF) support. VGF is
October 26, 2023

Piyush Goyal attends 7th Future Investment Initiative

Trade, COMMERCE, Export - Import, Global Trade, Trending News
RIYADH : Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal attended the 7th Edition of Future Investment Initiative (FII) from 24th to 25th October 2023.
October 26, 2023

Vizhinjam Seaport will be opened on industrial basis from May : Ahamed Devarkovil

Ports, Shipping, Trending News
KOCHI: Minister for Ports, Kerela Shri Ahamed Devarkovil in a press conference said that Vizhinjam port will be opened on an industrial basis by May 2024. “Vizhinjam has easy access for the world’s largest
October 26, 2023

JSW Infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore

Ports, Company, Infrastructure, Trending News
GOPALPUR : JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of 3,000 crore that includes the company’s debt, according to people familiar with
October 26, 2023

Mahindra Logistics reports standalone PAT of Rs 19 crore in Q2 FY24

Logistics, Company, Trade, Trending News, Warehousing
MUMBAI : Mahindra Logistics Ltd on Monday reported 73 per cent growth year-on-year in standalone Profit After Tax (PAT) at Rs 19-crore in the September quarter of this fiscal. The company had posted a
October 26, 2023

FFFAI and Escola Europea ink agreement to promote Training and Digitised Port Community in India 

Logistics, Maritime, Shipping, Trending News
MUMBAI : The Federation of Freight Forwarders Associations in India (FFFAI) and the Escola Europea de Short Sea Shipping, AEIE (EEIT) signed a memorandum of understanding On October 16, 2023 in Mumbai at an
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