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July 6, 2024

Shipping delays surge at Singapore Port

Container, Export - Import, Foreign Ports, International Shipping, Logistics, Shipping Line, Trade, Trending News
SINGAPORE : The number of vessels arriving at the Port of Singapore which was 2,303 last month increased 66 per cent compared to May 2023. Through May, Singapore has seen nearly 50 per cent
July 6, 2024

90% of container vessels delayed in Singapore amid Red Sea crisis : Chee Hong Tat

Container, Export - Import, Foreign Ports, International Shipping, Logistics, Shipping Line, Trade, Trending News
SINGAPORE : Singapore’s Transport Minister Chee Hong Tat informed parliament in his recent written response that around 90% of container vessels are arriving off-schedule in Singapore due to the Red Sea crisis, contrasting with
July 6, 2024

CONCOR commences regular road movement of CTRs in Eco Friendly new 20ft LNG trailers

LNG, Container, Logistics, Trending News
MUMBAI : MMLP Mihan Nagpur, Container Corporation in India (CONCOR), has commenced regular road movement of CTRS in Eco Friendly Owned & Operated with New 20ft LNG trailers from Terminal to factories serving to
July 6, 2024

$7.3 bn FDI inflow into Gujarat; 55% jump in 2023-24 over 2022-23

Trade, COMMERCE, Economy, Finance, Trending News
GANDHINAGAR : As per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, Government of India, Gujarat topped the chart in the
July 6, 2024

Indian Railways’ freight revenue increases by 11.12% in June 2024

Logistics, COMMERCE, Economy, Rail Freight, Railway, Trending News
NEW DELHI : In June 2024, Indian Railways earned Rs 14,798.11 crore from freight, marking an improvement of approximately 11.12% compared to Rs 13,316.81 crore in the same month last year, as per a
July 6, 2024

Experts outline Budget wishlist to propel India’s defence manufacturing and export targets

EXPORT, Defence, Trade, Trending News
NEW DELHI : The Ministry of Defence in India has set an ambitious target to achieve a turnover of ₹1.75 lakh crore in aerospace and defence manufacturing by 2025. Alongside this, the goal of
July 6, 2024

Kladana, Russia-based ERP Software enters India to enable Tech Solutions for MSMEs

Export - Import, Business, COMMERCE, Technology, Trade, Trending News
MUMBAI : Kladana, a cloud-based ERP software solution for Micro, Small, and Medium Enterprises (MSMEs) founded and headquartered in Moscow, Russia, has expanded its footprint in India. The company has established an office in
July 6, 2024

Delhivery gets MCA approval to incorporate Drone subsidiary

Logistics, COMMERCE, Trade, Trending News
GURGAON : Delhivery said that MCA approved the incorporation of its wholly-owned subsidiary ‘Delhivery Robotics India Private Limited’ on July 3, The new entity will have an authorised share capital of INR 5 Cr,
July 6, 2024

US East Coast strike risk could mean more spikes in freight rates

Maritime, Foreign Ports, Logistics, Trending News
NEW YORK : There is a real risk of labour disruptions in US East Coast Ports, given the breakdown in negotiations between the union and the terminals in June, according to Baltic Exchange‘s latest
July 6, 2024

SolarDuck and RWE successfully install offshore floating solar pilot Merganser off Dutch coast

Maritime, Coastal Shipping, Technology, Trending News
ROTTERDAM : With the support of RWE, the Dutch-Norwegian company SolarDuck, has installed its offshore floating solar (OFPV) project, Merganser. The pilot project aims to test and demonstrate the structural, mooring and electrical designs
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