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 […]
Read moreMarch 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 […]
Read moreMarch 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 […]
Read moreMarch 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 […]
Read moreMarch 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 […]
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