DFCCIL opens bids for 2 multi-modal cargo terminals under GatiShakti
NEW DELHI : State-run Dedicated Freight Corridor Corporation of India Limited (DFCCIL) opened bids for the development of two cargo terminals under GatiShakti on Tuesday — one at
India signs deals to export 500,000 tons of new season Basmati Rice
NEW DELHI : India has signed contracts to export about 500,000 metric tons of new season basmati rice to cash in on robust demand from top buyers in Europe and the Middle East, traders said
Thailand pitches $28 Billion game-changing Sea Route to link Asia-Pacific with India and Middle East
BANGKOK : Thailand is proposing a groundbreaking multibillion-dollar initiative aimed at significantly reducing shipping times between the Indian and Pacific oceans by circumventing the Malacca Strait, one of
Panama’s drying canal menaces global fuel markets
PANAMA CITY : A vital conduit of global trade is running dry. The Panama Canal is being hobbled by a lack of rainfall, which has dried up a
Rupee jumps 24 Paise against US Dollar
NEW DELHI : The Rupee appreciated 24 Paise to close at 83.09 against the US Dollar on Wednesday as the American currency retreated from its elevated levels after
Afghanistan urges Pakistan to release 1,000s of containers from Karachi port
ISLAMABAD : Afghanistan urged Pakistan on Tuesday to release thousands of containers of imports it said were stuck at Karachi Port since Islamabad clamped down on transnational cargo.
ZIM reports over US$2.2 billion loss in third quarter
HAIFA : Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion
Box volumes grow at Saudi Ports in October
RIYADH : For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to
CJ Logistics deploys 140 wheeled robots for increased shipping efficiency across Asia-Pacific
INCHEON : CJ Logistics, with its Global Distribution Center (GDC) in Incheon, is currently testing a new way to process stored goods to get them ready for international
Seaqualize successfully executes first ever offshore transfer lifts on Vineyard Wind 1
UTRECHT : Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel. Their newly developed offshore lifting