August 12, 2024
May 23, 2026
August 12, 2024
India takes connectivity to new level; introduces 8 national high-speed road corridors spanning 936 km, with investment of Rs 50,655 cr
NEW DELHI : Aiming to enhance logistics efficiency, reduce congestion, and improve connectivity nationwide, India took a significant leap by introducing 8 national high-speed road corridors spanning 936 kms. With an investment of Rs
August 12, 2024
Decarbonizing freight transport in India
NEW DELHI : With massive investment in capacity augmentation, Indian Railways (IR) has been trying very hard to attract non-bulk traffic for more than a decade now, but with limited success. It is also a matter
August 12, 2024
China-Europe Railway Express freight volume up 11% in Jan.-July period
BEIJING : The China-Europe Railway Express operated a total of 11,403 trains that transported nearly 1.23 million twenty-foot equivalent units (TEUs) of goods in the first seven months of this year, up 12 percent
August 12, 2024
New York Shipping Exchange recalibrates strategy amid global shipping challenges
NEW YORK : The New York Shipping Exchange has modified its operating strategy, responding to a significant shift in how customers contract for container shipments. Rather than focusing largely on drafting contracts, the over-the-counter exchange now
August 12, 2024
YM vessel explosion at Ningbo-Zhoushan Port raises serious safety concerns
NINGBO : A major explosion has occurred on a Yang Ming boxship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. “This type of incident should never happen
August 12, 2024
Seaspan has ordered 27 container vessels in June only
VANCOUVER : The containership new building market has accelerated notably in 2024 and at a very high pace over the last couple of weeks. Seaspan Corporation has given a large order for a series
August 12, 2024
Global trade conditions continue to deteriorate in July
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half of 2024. The seasonally adjusted Global
August 12, 2024
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
August 12, 2024