March 22, 2023 at 9:06 am | Uncategorized | No comment
Agility, the second-largest shareholder in logistics giant DSV and new owner of global airport services company Menzies, will absorb a significant financial hit from the Kuwait government’s decision not to renew five contracts for huge warehouse properties. The government intends to rebid the contracts, which a source in Kuwait says will allow the state to […]
Read moreMarch 22, 2023 at 6:00 am | Uncategorized | No comment
Sri Lanka’s Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, said the government plans to use the revenue generated from port operations to fund these investments, and the projects are expected to drive economic growth in the region. According to Chinese state media outlet Xinhua, the Minister stated that the Eastern Container Terminal […]
Read moreMarch 22, 2023 at 5:58 am | Uncategorized | No comment
Maersk has developed relief packages for customers affected by the earthquake in Turkey and Syria, which has closed the Port of Iskenderun. The company is committed to delivering on 2M services until the alliance is terminated in January 2025. CLA negotiations at APM Terminals Maasvlakte II in the Port of Rotterdam have concluded positively, but […]
Read moreFebruary 9, 2023 at 12:15 pm | Uncategorized | No comment
The global logistics and warehousing market is expected to reach $15.8 trillion by 2023, according to a report by Grand View Research. The market is driven by the increasing need for efficient transport and storage of goods, which is driven by the growth of the e-commerce sector. Additionally, the emergence of the Internet of Things […]
Read moreFebruary 9, 2023 at 12:11 pm | Uncategorized | No comment
A high-level delegation from the Sverdlovsk Regional Government of the Russian Federation visited Sri Lanka for a three-day program from 23rd to 26th January 2023. Ambassador of Sri Lanka to Russia, Her Excellency Prof. Janitha A. Liyanage organized a B2B meeting between Sri Lankan exporters and the Russian delegation that was attended by over 40 […]
Read moreFebruary 9, 2023 at 12:09 pm | Uncategorized | No comment
On February 6, a 7.8 magnitude earthquake struck the Turkey-Syria border, severely damaging LimakPort Iskenderun and forcing the port authority to suspend operations. Maersk and COSO have both issued customer advisories to inform about the impact on their services, with Maersk planning to divert containers to nearby hubs within operational feasibility or hold them at […]
Read moreFebruary 9, 2023 at 12:07 pm | Uncategorized | No comment
The global logistics industry is changing at an unprecedented rate. With the rise of e-commerce, automation, and artificial intelligence, companies are finding ways to become more efficient, faster, and secure. The global logistics industry is estimated to be worth around $4.5 trillion and is expected to continue to grow in the coming years. The increasing […]
Read moreFebruary 9, 2023 at 12:05 pm | Uncategorized | No comment
The Sri Lankan freight forwarding and airline industry has seen a rapid surge in growth over the past few years. With an ever-expanding economy, the country has had a growing ambition to become a leader in international trade and travel. As a result, the freight forwarding and airline industry has grown significantly, offering a range […]
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