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Call to liberalize Sri Lanka shipping for an export competitive economy

March 23, 2023 at 5:31 am | Uncategorized | No comment

Two senior officials representing shippers in Sri Lanka have called for the liberalization of the country’s shipping industry to end protectionism and promote competitiveness. They argue that Sri Lanka risks falling behind other countries that have already liberalized their shipping industries and have seen more overall businesses, including small and medium businesses. They suggest that […]

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Indian trade logistics gains amid Lanka crisis

March 23, 2023 at 5:30 am | Uncategorized | No comment

The Mundra port has emerged as the costliest port globally for standard containers for the first time this year, as Indian ports benefit from the disruptions caused at Colombo owing to the Sri Lankan crisis. It was the third most costly port in April.

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New container protection for all ocean imports into Sri Lanka and Maldives

March 23, 2023 at 5:25 am | Uncategorized | No comment

15th, 2023 a new product, called Container Protect Essential, will come into effect, and is offered to all shipments imported into Sri Lanka and Maldives as part of the import standard offering for all commodities.Container Protect Essential

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Chinese port eyes container business pivoting to Southeast Asia as bilateral trade maintains steady growth after RCEP takes effect

March 23, 2023 at 5:19 am | Uncategorized | No comment

Trade connectivity between China and Southeast Asian economies has been maintaining steady growth momentum in 2023, about a year after the implementation of the Regional Comprehensive Economic Partnership (RCEP) trade agreement. Southeast Asia is now China’s biggest trading partner, with 15% of the market share, as port data mirrors a deeply integrated industrial chain among […]

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Hiroshima Port Welcomes Its First LNG-fueled PCTC

March 23, 2023 at 5:15 am | Uncategorized | No comment

Japanese shipping company NYK has welcomed its third liquefied natural gas (LNG)-fuelled pure car and truck carrier (PCTC) into the port of Hiroshima. Named Jasmine Leader after the jasmine flower, the vessel is the first of four to be delivered from China Merchants Jinling Shipyard. The ship will transport finished vehicles produced by Mazda, and […]

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There’s a new inflation warning for consumers coming from the supply chain

March 23, 2023 at 5:14 am | Uncategorized | No comment

Logistics managers are warning of persistent supply chain inflation in warehousing, which is sustaining upward pressure on warehouse rates, according to a report in FreightWaves. Bloated inventories due to a lack of consumer demand are one reason for the imbalance between warehouse supply and demand, with the lack of new facilities coming into the market […]

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MSC, world’s biggest shipping company and U.S.-China trade bellwether, is betting on a rebound for the global economy

March 23, 2023 at 5:13 am | Uncategorized | No comment

Mediterranean Shipping Company (MSC), the largest ocean freight line globally, is optimistic about the outlook for the rest of the year. CEO Soren Toft says that trade demand will signal positive signs for the global economy, but it will take a few months for a rebound to take hold. He anticipates that positive signals will […]

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Global Logistics Solutions launches Chennai-Pondicherry feeder services

March 22, 2023 at 9:08 am | Uncategorized | No comment

Global Logistics Solutions India on Monday launched the twice-weekly transshipment feeder service named Hope Seven linking Chennai Port to Pondicherry Port to ensure quick, direct, transit to the terminals at Chennai and Pondicherry while reducing costs, port congestion, and pollution on the roads. The new service is a first-of-its-kind short-haul coastal container feeder service in […]

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Kuwait government orders Agility to vacate logistics parks

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 […]

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Sri Lanka splashes millions into port development

March 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 […]

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