300% increase in freight costs plague SMEs
NEW DELHI : The shipping and logistics crisis plaguing the industry since the onset of Covid freight costs have skyrocketed 300% , worsening the situation for Indian SMEs
Jonathan Graham appointed Managing Director of APM Terminals Liberia
Following a change at the helm of APM Terminals Liberia, Jonathan Graham now formally takes over as the new Managing Director. LIBERIA : APM Terminals is pleased to
As exports rise, container prices increase at major Indian ports
MUMBAI : The average price of a 20-ft dry container in Mundra at the end of May stood at around $1,550 compared to $1,163 in June 2020, while
Pandemic enhanced our operational efficiencies: Shashi Kiran Shetty
MUMBAI : The logistics sector, witnessing transformation in the wake of the Covid-19 induced pandemic, has brought about a change in its functional narrative. Shashi Kiran Shetty, founder
Indian oil to invest Rs 24,000 crore in six projects, Gujarat Refinery to get country’s first hydr
These projects will expand the present capacity of Gujarat Refinery in Vadodara to 18 million metric tonne from 13.7 million metric tonne and will also provide 25,000 direct
ICDs: Concor to lease Railway land for 35 years in ₹3,500-cr deal
Move seen as clearing a stumbling block in the process of privatising rail hauler MUMBAI : State-owned Container Company of India (Concor) will lease for 35 years from
Global merchandise trade to recover this year – WTO
GENEVA : Global merchandise trade is continuing to recover following a steep but brief pandemic-induced drop in the second quarter of last year, according to the latest WTO
Drewry: World Container Index 310.1% Higher Y-o-Y
LONDON : Drewry’s composite World Container index increased 3.3% or $207 to $6,463.78 per 40ft container. Our detailed assessment for Thursday, 3 June 2021The composite index increased 3.3%
JNPT strengthens Maritime business, Port witnesses steady surge in container handling in May
JNPT handled 4,54,385 TEUs during the month May 2021 Leading the fight against COVID-19, JNPT handled a total 327.632 MT of liquid medical oxygen and medical accessories in
India 2021-22 wheat exports seen falling 10% on year amid COVID-19 shutdowns: sources
NEW DELHI : After exporting a record quantity of wheat in 2020-21, India’s overseas sales of the food grain during the current marketing year are seen declining 10%