Despite high deliveries ‘ordering frenzy not over yet ‘as Alphaliner noted
29.06.2024
However, operators and tonnage providers are shifting their focus to mid-sized vessels of 8,000 to 17,000 TEUs, rather than the megamax ships commissioned during the Covid-19-induced boom.Year-to-d.....
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Jharkhand's New Healthcare Scheme to Aid 33.44 Lakh Uncovered Families
29.06.2024
The new scheme offers a Rs 15 lakh health cover per family annually, significantly increasing the coverage from the Centre's Rs 5 lakh per family. In a landmark decision, the Jharkhand cabinet on F.....
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Singaporean mastermind of Port Klang smuggling syndicate nabbed by Malaysian anti-corruption body
29.06.2024
The man, in his 40s, was apprehended on 24 June when summoned to provide a statement relating to the matter, nicknamed the “Flying Container” case, at the Malaysian Anti-Corruption Commission (.....
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Container Prices Witness Sharp Jump on China-US and China-Euro Routes
29.06.2024
Standing around USD 1,700 during March-April 2024, the prices have more than doubled to reach USD 3,600 this week for 40 ft high cube cargo-worthy containers in China. This marks a whopping 112% inc.....
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Houthis Claim Targeting Ship in Israel’s Haifa Port In Joint Operation With Iraqi Group
29.06.2024
Yahya Saree, the military spokesperson for the Iran-aligned Houthi militia, identified the targeted vessel as the Portuguese-flagged container ship MSC Manzanillo. In a televised speech, Saree rev.....
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India sets uniform onion procurement rate in response to protests
29.06.2024
The National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and the National Co-operative Consumers' Federation of India Limited (NCCF) are set to purchase onions at Rs 2,940.....
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Port Houston gets six new hybrid-electric cranes enhancing operational efficiency
29.06.2024
With this latest delivery, the US port has acquired a total of 26 new RTGs since December 2023, which have been deployed across its Barbours Cut and Bayport Container Terminals. This delivery is th.....
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Reliance Retail’s new goal: One-Hour Deliveries
29.06.2024
Under the leadership of Mukesh Ambani, Reliance Industries’ retail division aims to offer immediate product deliveries in select areas within an hour. This move comes as the quick commerce sector,.....
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Russia Sends First Coal Trains to India via INSTC: A New Era in Trade Connectivity
29.06.2024
The INSTC, a 7,200 km (4,500 miles) multimodal route, connects St. Petersburg to Mumbai, traversing Iran and utilizing a network of railways, roadways, and seaports. This development marks a .....
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Shankh Air Prepares for Takeoff: Uttar Pradesh’s First Scheduled Airline to Enhance Air Cargo Connectivity
29.06.2024
New Delhi Chairman Sharvan Kumar Vishwakarma recently met with Minister of Civil Aviation Kinjarapu Rammohan Naidu to discuss the airline’s strategic direction as a Full-Service Start-Up Airline......
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PSA’s Bharat Mumbai Container Terminals (PSA Mumbai) joins IPPTA
29.06.2024
PSA's Bharat Mumbai Container Terminals (BMCT) has joined Indian Private Ports and Terminals Association (IPPTA) as a Member. The Managing Committee of IPPTA considered their application in its mee.....
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Sky High Shift: E-Commerce and Shipping Woes Propel General Cargo to New Heights
29.06.2024
This trend, driven by increasing e-commerce demand and disruptions in the container shipping industry, marks a significant reversal from previous years. Data from WorldACD, a leading provider .....
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Technology and financial architecture ready to boost prospects of MSMEs
29.06.2024
The VUCA factor had actually democratised the world of business, putting MSMEs on the same footing as big giants, says Ganesh Promoter & Founder Director - Big Basket &nbs.....
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