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Speed of freight has doubled as compared to last year: Piyush Goyal

Logistics
Indian Railways was able to complete long-pending infrastructure work since the covid-19 induced lockdown that resulted in doubling the speed of freight trains as compared...

DP World and Unicef announce Global Partnership to support COVID-19 Vaccination

Trade
DUBAI /NEW YORK: DP World and UNICEF have announced a wide-ranging partnership to support the global distribution of COVID-19 vaccines and related immunization supplies...

Ship Agents Body MANSA seeks priority in COVID-19 vaccination to Seafarers and Waterfront workers

Trade
MUMBAI: Maritime Association of Nationwide Shipping Agencies (MANSA) has drawn the attention of the Directorate General of Shipping along with other port and government...

JNPT SEZ- India’s first port based SEZ will be a game changer for the logistics industry

Ports
Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, is engaged in developing multiproduct Special Economic Zone (SEZ), an initiative under the ‘Sagarmala’ program...

Adani Ports to raise $500 mn via bonds

Ports
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced a $500 million bond sale, its second such offering in the last few...

OOIL announces plans to issue New Shares on the Market

Shipping
HONG KONG: Orient Overseas (International) Limited (“OOIL”) is pleased to report that the company has entered into a Placing and Subscription Agreement with Faulkner...

Hapag-Lloyd significantly improves operating result in 2020

Shipping
HAMBURG: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2020 financial year increased to more...

India seen as fastest growing economy in FY22: IMF

Trade
NEW DELHI: India’s economy is expected to bounce back strongly in the next fiscal year with 11.5% growth, the International Monetary Fund (IMF) said...

Support & initiatives for Export-Import will raise volumes – Prem Kishan Gupta, C&MD – GDL

Export - Import
NEW DELHI: Mr. Prem Kishan Dass Gupta, C&MD - Gateway Distriparks Ltd., in his budget expectation has opined that, “The year 2020 has disrupted and challenged...

BIMCO publishes Sanctions Clause for the container trade

Shipping
A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container...
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