With breezier toll exits, logistics movement in India looks to hit global fast lane
NEW DELHI : From 734 seconds in 2014, the waiting time at highway toll plazas has reduced to an average 47 seconds, the latest government data says—a development
Orissa HC orders sale of foreign ship at Paradip as it fails to clear ₹8 Cr dues
PARADIP : The Orissa High Court on Wednesday ordered the sale of the bulk carrier with a Panama flag, from which 22.2 kg of Cocaine was seized by
M1xchange launches international trade financing platform for Indian MSMEs at GIFT City
GANDHINAGAR : M1xchange, a digital invoice discounting platform for MSMEs, has set up an international platform —M1NXT ITFS— in GIFT City to enable Indian MSMEs avail global factoring
India’s GDP growth to fall to six-quarter low of 6% in Q1 FY2025: ICRA
NEW DELHI : India’s Economic Growth in the first quarter of the current fiscal (Q1 FY25) is expected to slide on a year-on-year (YoY) basis. Rating firm ICRA
Maersk says global trade ‘Resilient’ amid economic challenges
COPENHAGEN : Maersk’s latest Asia Pacific Market Update paints a picture of resilient global trade despite economic challenges. The report highlights a robust global economy with 2.6% projected GDP growth
MSC’s market share now nearly 20%, Maersk under pressure
GENEVA : MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. According to Alphaliner, MSC
X-Press Feeders Expands Europe’s First Green Methanol-Powered Feeder Network with the Launch of Gr
ROTTERDAM : X-Press Feeders, the world’s largest independent common carrier, today announced the launch of its second green methanol-powered route, the Green Baltic X-PRESS (GBX). It is part
DHL names last-mile mobility startup as sustainability challenge winner
SINGAPORE : DHL has named TUX mobility the winner of its latest Fast Forward Challenge. Headquartered in the Netherlands and producing in India, TUX mobility is a developer
APMT bets on terminal development in Pakistan as subcontinent trade expands
KARACHI : Growing trade volumes out of the Indian subcontinent amid the trade diversification in Asia are driving global maritime investors to pour more money into the market.
Saudi Red Sea Authority and King Abdullah University of Science and Technology sign an MoU
RIYADH : The Saudi Red Sea Authority (SRSA) has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to explore aspects of