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Maersk boosts outlook on stronger-than-expected container demandGlobal shipping giant Maersk expects the container market to remain strong throughout 2024, with container volumes now projected to grow by...- Iran-U. S war ends but Strait of Hormuz disruptions could continue for months ahead. Here's whyStrait of Hormuz continues to remain the bone of the contention in Iran-U.S. deal and middle-east gulf countries' geo-politics. The questio...
- What to know about the demining and escort mission that US allies want for the Strait of HormuzAllies are proposing a naval mission for the Strait of Hormuz. This mission aims to ensure safe passage for ships and insurers. It involves...
- Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...
- Maersk launches FI2 ocean service to strengthen India-China trade connectivityLeveraging Pipavav port and the Dedicated Freight Corridor, Maersk offers integrated logistics, significantly cutting transit times to key ...
- Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...
- Maersk CEO sees passing higher oil shock costs to customersA.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...
- World’s largest container carrier plans route avoiding HormuzThe world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoi...
- Brent crude oil crosses $100: US-Iran tensions, blocked supply route push prices higherBrent crude oil prices crossed $100 as tensions between the United States and Iran increased. Peace talks are uncertain and the Strait of H...
- US Stock Market Closing: Why did Dow Jones, S&P 500, Nasdaq end lower today? Nasdaq snaps 13-day rally as Iran tensions rise, oil jumps above $95US stock market closing today shows a small fall in major indexes like S&P 500, Dow Jones, and Nasdaq. The drop comes as global tensions in...
- Maersk flags off weekly rail service from Sonipat to GujaratMaersk’s new train service on the Western Dedicated Freight Corridor (DFC) will move 90 TEUs (twenty feet equivalent units of containers) e...
- AP Moller - Maersk launches US-Korea air freight serviceAll U.S.-Korea flights will be operated by Miami-headquartered cargo airline Amerijet International.
- Russia smuggling Ukrainian grain to help pay for Putin's warMoscow called the allegation "false and baseless," and Lebanon's prosecutor general sided with the Kremlin and declared that the 10,000 ton...
- Maersk launches air cargo in response to customers needsThe new air freight company is the result of the existing in-house aircraft operator, Star Air, which has transferred activities into Maers...
- GMR breaks ground for Greenfield commercial port near KakinadaThe Andhra Pradesh chief minister N Chandrababu Naidu laid the foundation stone for the port, which involves an outlay of Rs 3,000 crore.
- Ramco Systems bags 'multi-million' dollar deal from AP CargoAP Cargo Logistic Network would implement the software to "streamline its freight operations countrywide," city-based Ramco Systems said in...
- Steps taken to enhance IT infra security at JNPT: GovernmentOne of the four terminals, run by Danish firm AP Moller- Maersk at JNPT, ranked among top 12 major ports in the country, was impacted by th...
- Andhra Pradesh government to set up Regional Airport Development FundAccording to AP's draft civil aviation policy, the APRADF will be used to provide financial support to develop and operate airports.
- Gujarat Pipavav drops container berth planGujarat Pipavav has dropped its plan to build a new container berth at its port and put its plan to increase bulk cargo handling capacity o...
- AP, Maharashtra and TN lead in port developmentIt is difficult to judge who could claim No 2 position after Gujarat in port development.
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