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October 12, 2023

India expected to become $30-trillion economy by 2050 : Atanu Chakraborty

Trade, Business, Economy, Trending News
NEW DELHI : India is expected to become a USD 30-trillion economy by 2050 pushed by robust consumption and exports, HDFC Bank Chairman and Former Economic Affairs Secretary Atanu Chakraborty said on Wednesday. International
October 12, 2023

ICRA expects favourable demand outlook for the road logistics industry in FY24

Logistics, Business, Economy, Trade, Trending News
NEW DELHI : ICRA expects a favourable demand outlook for the road logistics industry in FY2024, supported by stable domestic consumption and investment demand. Revenue growth in the industry is expected to be 6-9%
October 12, 2023

NHAI initiates 86 Km Greenfield Link to Delhi-Mumbai Expressway for enhanced connectivity to Northern States

Logistics, Infrastructure, Transport, Trending News
NEW DELHI : The National Highways Authority of India (NHAI) is set to begin construction on a 86.5km access-controlled highway that will link the Trans-Haryana Expressway with the Delhi-Mumbai Expressway. The Trans-Haryana Expressway, spanning
October 12, 2023

Maersk says port operations in Israel working normally

Foreign Ports, Ports, Shipping Line, Trending News
HAIFA : Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal despite a violent conflict with Hamas militants and it continues to accept container bookings to and from
October 12, 2023

OOCL welcomes six green eco-friendly 24,000 TEU giants

International Shipping, Shipping Line, Trade, Trending News
HONG KONG : Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) held the naming ceremony of a 24,188 TEU newbuilding at Dalian COSCO KHI Ship Engineering Co (DACKS) Shipyard. This mega containership
October 12, 2023

CMA CGM unveils “Port Liberty”

International Shipping, Container Terminal, Ports, Trending News
MARSEILLE : The CMA CGM Group has unveiled the investment and business strategy for its recently acquired Global Container Terminals (GCT) in Bayonne and New York Ports as part of the Group’s U.S. expansion plan. Effective immediately, the
October 12, 2023

Sustainability and profitability are not opposing forces in logistics

Logistics, Business, COMMERCE, Trade, Trending News
BENGALURU : The AI powered supply chain visibility platform GoComet organized a round-table event together supply chain leaders Tata Motors, Raychem, HR Johnson, Ashok Leyland, CEAT, Camlin, Godrej, Borosil, Indofil, NEC, Interport Global, Synthite
October 12, 2023

Ports & Terminals : Investor sentiment down

Ports, Container Terminal, Maritime, Trade, Trending News
LONDON : Sticky inflation and elevated interest rates had a detrimental impact on investor sentiment. In 3Q23, the S&P Index declined 3.6%, mirroring the broader concerns in the global market. Similarly, the Drewry Port
October 12, 2023

DNV awards AiP for Hanwha Ocean’s new 270K LNG carrier design

International Shipping, LNG, Maritime, Trending News
NORWAY : Classification society DNV presented Hanwha Ocean with an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier. The design maximizes cargo capacity while optimizing vessel performance. The new 345m long LNG
October 12, 2023

Rotterdam and Oslo Cities signs MoU for New Green Corridor

International Shipping, Logistics, Maritime, Trending News
ROTTERDAM : A Memorandum of Understanding (MoU) has been signed by the City of Rotterdam and the City of Oslo to create a new Green Corridor for short sea shipping that will be served
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