MSC-Adani terminal deal at Ennore poised to boost South India trade flow
CHENNAI : MSC’s 49% stake acquisition in Adani Group‘s container terminal at Ennore Port, also known as Kamarajar Port, has the potential to boost direct calls out of
DP World partners with Invest India at 27th World Investment Conference
NEW DELHI : DP World is thrilled to partner with Invest India at the 27th World Investment Conference in New Delhi, where they showcased Bharat Mart, a mega-distribution
Global Shipping : Disruptions pop-back ahead of 2024
One of the largest global shipping organizations, Maersk announced pausing all its operations on the Red Sea route, a passage that accounts over 10% of the global shipping
Indian exporters stare at freight cost hikes as ships avoid Suez Canal
MUMBAI : Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa
India one of the fastest-growing major economies globally this year, about to contribute more than 1
NEW DELHI : The IMF released its annual Article IV consultation with India on Monday, noting the country’s status as one of the fastest-growing major economies globally this
India’s Rail Cargo revolution : A Rs 1.28 Trillion boost annually
NEW DELHI : India is on the cusp of a revolutionary change in its transportation sector, with a strategic focus on boosting rail cargo movement. According to a
Suez Canal Chief stated 55 ships rerouted amid Red Sea tensions
EGYPT : The Suez Canal Authority (SCA) said Sunday that 55 ships have rerouted via the Cape of Good Hope since Nov. 19 amid attacks on ships in
Harim takeover of debt-ridden HMM draws concerns
SEOUL : Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4
IMO : Secretary General statement on attacks against international shipping in the Red Sea area
LONDON : IMO Secretary-General Kitack Lim said :”I condemn attacks against international shipping in the Red Sea area and I reiterate the strong commitment of the IMO to
Hijacked Bulk Carrier arrives off Somalia
LONDON : A commercial vessel hijacked by unknown assailants remains off the coast of Somalia raising fears of further instability for global shipping as attacks escalate in the Red Sea,