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May 18, 2024

US knows Chabahar’s importance: MEA as State Dept flags ‘potential risk’ of sanctions over Iran deal

Maritime, Economy, Foreign Ports, Global Trade, Trending News
NEW DELHI : After the US said India’s signing of a 10-year deal with Iran for the operation of Chabahar Port carries “potential risk” of sanctions, the Ministry of External Affairs (MEA) remarked Friday
May 18, 2024

Indian container cargo to grow at 8% in FY25 amid Red Sea crisis

Container, Coastal Shipping, Logistics, Maritime, Trending News
NEW DELHI : India’s coal cargo throughput at ports is estimated to grow at a CAGR of 3-4 per cent from FY24 to FY26, despite an anticipated decline in coal imports by 2-3 per
May 18, 2024

DPIIT organizes ONDC Startup Mahotsav; platform for startups

Trade, Economy, Trending News
NEW DELHI : Department for Promotion of Industry and Internal Trade (DPIIT) organised the ‘ONDC Startup Mahotsav’, a first of its kind event, on 17th May 2024 at Vanijya Bhawan, here. The event symbolized
May 18, 2024

RINL losing Rs 40-50 crore revenue a day amid ongoing strike at Adani’s Gangavaram Port

Ports, Company, Trade, Trending News
VISAKHAPATNAM : Rashtriya Ispat Nigam Ltd, (RINL), also known as Vizag Steel Plant, is incurring a revenue loss of Rs 40-50 crore per day due to workers’ protest at Adani’s Gangavaram Port in Andhra
May 18, 2024

Indian crew stuck on crippled ship in Baltimore for 7 weeks, can’t pay bills

International Shipping, Economy, Foreign Ports, Trending News
BALTIMORE : “They can’t do any online banking. They can’t pay their bills at home. They don’t have any of their data or anyone’s contact information, so they’re really isolated right now. They just
May 18, 2024

Transport Corp to acquire two cargo ships worth $40 mn in FY25 : Vineet Agarwal, MD

Logistics, Company, Shipping, Trade, Trending News
GURUGRAM : Logistics and supply chain management company Transport Corporation of India Ltd. (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business.  TCI is
May 18, 2024

TCI announces Results for the Q4 & FY ending 31st March, 2024

Logistics, Company, Trade, Transport, Trending News, Warehousing
GURUGRAM : : India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd. announced its financial results today for the financial year ending 31st March, 2024. Commenting on the Q4
May 18, 2024

CMA CGM announces First-quarter 2024 financial results

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : The Board of Directors of the CMA CGM Group, a global player in sea, land, air and logistics solutions, met under the Chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to
May 18, 2024

Maersk reopens Baltimore bookings with AGAS and AMEX services

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
COPENHAGEN : Maersk has announced an update on its services to the Port of Baltimore, reopening bookings for direct loading and discharge on the upcoming voyages. The Danish ocean carrier noted that the following
May 18, 2024

ONE launches new Intra-Asia Service

International Shipping, Shipping Line, Trending News
SINGAPORE : Singapore-based container line Ocean Network Express (ONE) has announced the launch of a new service, China-Vietnam-Thailand (CVT). The service, which will commence on 27 May, will have the following port rotation: Busan
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