Ports to be expanded to facilitate cargo transportation through waterways
VARANASI : Multi-modal terminal/port in the district will be expanded to promote the transportation of goods by cargo ships through waterways. Starting the process for land acquisition, the district administration has prepared a social impact
Bahri takes delivery of its first gas-ready ABS-Classed VLCC
RIYADH : Logistics and transportation company Bahri has added its first gas-ready vessel to its Very Large Crude Carrier (VLCC) fleet. The vessel, named “Rayah”, has expanded the Bahri’s VLCC fleet to 42. International
Pandemic, supply chain, and more — how quickly is the shipping industry rebounding after global difficulties?
COVID-19 took the world to a near standstill, slowing down major sectors, including the transportation sector. According to a report by Statistica, the global airline industry lost an estimated revenue of $370 billion in
Maersk announces landmark agreement with MIT Center for Transportation & Logistics
Florham Park, New Jersey and Cambridge, Massachusetts – Maersk North America’s warehousing and distribution (WnD) business, called Performance Team – A Maersk Company has signed an agreement with the Massachusetts Institute of Technology’s Center for Transportation & Logistics (MIT
Shipping container crisis will possibly continue until mid-2022
SINGAPORE : With 90% of the world’s goods transported by sea, the current shipping crisis has resulted in spiralling costs and bottlenecks in global supply chains. The situation has been exacerbated by a shortage
CONCOR Q2 results : Net profit jumps 41% YoY to Rs 264 crore
NEW DELHI : Container Corporation of India (CONCOR) reported a 41 per cent year-on-year rise in net profit to Rs 264 crore for the second quarter ended September 30. The company reported a 21.4
US announces public-private initiate efforts to address transportation supply chain bottlenecks
NEW YORK : The Biden administration on Wednesday announced a major public-private initiative to address the transportation supply chain bottlenecks that have aggravated in recent months due to the coronavirus pandemic. Prominent among these
Shipping cost surge are companies’ latest inflation puzzle
Transportation prices—usually a fraction of a completed product’s worth—are rising as one other supply-chain hurdle, overwhelming some firms already paying extra for uncooked supplies and labor. The material and crafts retailer Jo-Ann Shops LLC