June 15, 2024
May 24, 2026
June 15, 2024
Container spot rate growth set to rise further and ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data indicates average spot rates from the
June 15, 2024
GAC to acquire Quadrant Pacific’s ship agency business
TAURANGA (NEW ZEALAND) : GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its
June 15, 2024
Malaysia to build port near Kuala Lumpur amid supply chain shift
KUALA LUMPUR : Malaysia will build a $425 million AI-powered container port near Kuala Lumpur to meet the changing demands of the supply chain and improve the quality of logistics services. Malaysia will build
June 15, 2024
Houthi Missile attack severely injures sailor on cargo ship: US Military
YEMEN : Two cruise missiles launched by Yemen’s Houthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday, severely injuring a sailor who was evacuated by American forces, the US
June 14, 2024
PM Modi heads to Italy for G7 Summit, Ukraine and Gaza wars to Dominate
APULIA,ITALY : Prime Minister Shri Narendra Modi is heading to Italy to attend a Summit of Group of Seven, known as the G7, which is likely to be dominated by Ukraine and Gaza ceasefire
June 14, 2024
India & Italy enhance trade, defence & tech ties; boost strategic partnership
NEW DELHI ; Italy has invited Prime Minister Shri Narendra Modi for the G7 Summit Outreach Sessions, is India’s fourth largest trading partner in the European Union, 18th largest foreign investor with bilateral relations
June 14, 2024
Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian
June 14, 2024
TERI and Deendayal Port Authority, Kandla host Final Conference on “Transition of Business Operations to Water Neutrality”
GANDHIDHAM : The Energy and Resources Institute (TERI) and Deendayal Port Authority (DPA) successfully concluded a pivotal conference on the “Transition of Business Operations to Water Neutrality.” This event marked the culmination of a
June 14, 2024