VOC Port’s Outer Harbour development proposed to make it ‘Gateway Port’
THOOTHUKUDI : Currently, nearly 75% of India’s trans-shipped cargo is handled at ports outside India. Colombo, Singapore and Port Klang in Malaysia handle more than 85% of this
South Korea hoping to conclude FTA talks with India before possible state visit in 2024
NEW DELHI : India and South Korea are hopeful of concluding negotiations to ‘upgrade’ the Comprehensive Economic Partnership Agreement (CEPA) in 2024 before a possible state visit of
APM Terminals invests US$1 million in electric vehicle fleet upgrade
LOS ANGELES : APM Terminals has announced a significant advancement in its terminal operations fleet by transitioning to electric vehicles (EVs). With an investment of nearly US$1 million,
Working on sustainability practices to enhance competitiveness of apparel exporters : AEPC
NEW DELHI : Apparel exporters body AEPC on Wednesday said the industry is working on sustainability production practices as it would help enhance the competitiveness of the sector
Adani New Industries’ Green Hydrogen unit targets US$3 billion funding boost for expansion
AHMEDABAD : Adani New Industries (ANIL) is actively engaged in discussions to secure up to US$3 billion in funding, earmarked for capital expenditure to bolster its presence in
India says Red Sea attacks add urgency to Middle East trade route
ABU DHABI : The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India to Europe, India’s ambassador to the United
FedEx unveils LCL priority service for seamless Asia Pacific-Middle East connections
MEMPHIS : FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp, are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door solution
New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the
Red Sea crisis hurt global trade volumes: WTO DG
ABU DHABI : The crisis in the Red Sea, one of the world’s busiest trade corridors, hit global merchandise trade volumes in 2023, according to Ngozi Okonjo-Iweala, Director-General,
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While