‘The Party is Over’ for Container Shipping : Hapag-Lloyd CEO
HAMBURG : Container freight rates will keep declining in the current realignment of shipping demand and supply, said the CEO of Germany’s liner Hapag Lloyd, the world’s number five by
Maersk makes headway in the internal integration with Senator International rebrand
COPENHAGEN : A.P. Moller – Maersk completes acquisition of Senator International and proceeds in the next stage of its internal integration which began to phase out from1 February
DSV reports strong results for 2022
DENMARK : DSV reports a strong results for the year 2022. Highlights “DSV delivered a strong set of results for 2022. We achieved EBIT growth of 48% and
New Dedicated Rail Services by CMA CGM in Egypt
MARSEILLE : CMA CGM Group announced new dedicated rail services in Egypt connecting Alexandria and Ain Sokhna Ports to the October Dry Port (ODP) near Cairo’s main industrial
PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS)
SINGAPORE : Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known
UNHCR and Agility sign an agreement to support refugee education in Egypt
ABU DHABI : UNHCR, the UN Refugee Agency, and Agility, a global leader in supply chain services, infrastructure and investment, announced renewal of their partnership, along with an
Union Budget 2023 : Warehousing and Logistic sector to get a considerable boost
NEW DELHI : The Warehousing and Logistic sector is expected to get a considerable boost from the government with the government’s proposal in the Union Budget 2023-2024 focussing
Union Budget 2023 : Govt proposes 100 critical projects for last-mile logistics at Rs 75,000 cr
NEW DELHI : The government has proposed that 100 critical transport infrastructure projects, for last and first-mile connectivity identified in ports, coal, steel, fertilizer and food grain sectors.
Union Budget 2023 : ₹990Cr for G20 presidency & ₹100Cr for Chabahar Port
NEW DELHI : India has allocated ₹990 crore for the G20 Presidency in the 2023-24 Union Budget presented on Wednesday while retaining an outlay of ₹100 crore for Iran’s Chabahar
Union Budget 2023 : Coastal shipping to be promoted through PPP- Mode with viability gap funding
NEW DELHI : India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in green industrial and economic transition. This Budget builds