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