448 infra projects hit by cost overrun of ₹5.55 lakh crore in Oct-Dec : Reports
NEW DELHI : As many as 448 infrastructure projects, each entailing an investment of ₹150 crore or above, were hit by cost overrun of more than ₹5.55 lakh
IRCON acheives railway project worth Rs 1,200 crore in JV with DRA
NEW DELHI : State-owned IRCON on Sunday said it has secured a railway project worth about Rs 1,200 crore in a joint venture. “Ircon International Ltd (IRCON) under
MSC begins new shuttle service between Asia and Mexico
GENEVA : MSC announced the launch of a new loop shuttle service, linking Asia and the West Coast of Mexico. This new service is expected to enhance MSC’s
Maersk to invest more than half a billion in Nigeria’s Ports
RIYADH : Nigeria’s President, Bola Ahmed Tinubu, recently met with Robert Maersk Uggla, Chairman of A.P Moller-Maersk, during the World Economic Forum Special Meeting on Global Collaboration, Growth
Hapag-Lloyd launches first dry container tracking product “Live Position”
HAMBURG : Hapag-Lloyd is announcing the launch of “Live Position”, its first dry container tracking product. Customers can now enjoy full transparency on the location of their shipments
Container shipping demand bounce not quite what it seems
LONDON : A sluggish last two years has been left behind according to consultancy MSI in its monthly liner shipping report for April, but the devil is in
MSC upgrades cargo protection offering Cargo Cover Solutions
GENEVA : World’s largest container line Mediterranean Shipping Company (MSC) has expanded and upgraded its previous cargo protection offering, known as “Peace of Mind” insurance, which is now
Houthi attacks in Red Sea: Shipping diversions spewing carbon emissions of 9 million cars
NEW YORK : Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tonnes of carbon, making it tougher
Mawani sends first container shipment by rail to Riyadh port
RIYADH : Saudi Ports Authority (Mawani) said in a key milestone the first container shipment was recently transported by rail from Jubail Commercial Port to Riyadh Dry Port,
‘Actions Meet Ambition’ : Call to action sounded for Singapore
SINGAPORE : ‘Actions Meet Ambition’ – that was the key message of the annual Singapore Maritime Week, which attracted more than 10,000 industry professionals from nearly 80 countries