OSM News

India eyes becoming global hub of Green Ship Building by 2030: Shipping Minister Sarbananda Sonowal

April 24, 2023 at 4:25 am | Uncategorized | No comment

A Major Port is one which is under the administrative control of the Union Shipping Ministry while a Tug (also called Tugboat) is a vessel used to manoeuvre ships into port berths. India hopes to become the global hub of Green Ship Building by 2030 according to Shipping Minister Sarbananda Sonowal. Speaking at the launch […]

Sri Lanka, India to begin passenger ferry service from April

April 24, 2023 at 4:24 am | Uncategorized | No comment

The much-delayed passenger ferry service between Sri Lanka and India is set to start by the end of April, Civil Aviation Minister Nimal Siripala de Silva said on Sunday. “On April 29, the ferry service between Karaikal and Kankesanthurai in port in Jaffna district would begin. Each passenger would be allowed a 100 kg baggage […]

Sri Lanka to spend 132 mn $US on port development projects

April 24, 2023 at 4:21 am | Uncategorized | No comment

Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around 132 million US dollars on port development projects. These investments would be made through revenue generated from port operations, the minister said on Saturday night, Xinhua News Agency reported. Speaking at an event in Colombo, the […]

Air Cargo Makes a Soft Start to 2023

April 24, 2023 at 4:13 am | Uncategorized | No comment

The International Air Transport Association (IATA) released data for January 2023 global air cargo markets showing that air cargo demand declined as economic headwinds persist. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 14.9% compared to January 2022 (-16.2% for international operations). Capacity (measured in available cargo tonne-kilometers, ACTK) was up 3.9% compared to January […]

ColombiaTex, Global logistics trends in the fashion industry

April 24, 2023 at 4:08 am | Uncategorized | No comment

Medellin is known as the capital of fashion in Colombia and they host many fashion-related events, this year it wasn’t the exception with the ColombiaTex 2023 which took place in Medellin in the 4th week of January.ColombiaTex is one of the most important events where they promote the textile industry since 1988 where they are […]

Leading fashion destination ASOS appoints Maersk as its strategic global logistics partner

April 24, 2023 at 4:07 am | Uncategorized | No comment

Maersk is pleased to announce a new multi-year partnership with ASOS, the global fashion e-commerce destination headquartered in the UK. ASOS has appointed Maersk as its strategic logistics partner for Supply Chain Management (SCM), supporting the growth of the FTSE 250-listed company. ASOS serves over 26 million active customers in over 200 markets. These customers […]

Maritime supply chains need urgent investment to boost resilience to future crises

April 24, 2023 at 4:05 am | Uncategorized | No comment

UNCTAD in its flagship “Review of Maritime Transport 2022” has called for increased investment in maritime supply chains. Ports, shipping fleets and hinterland connections need to be better prepared for future global crises, climate change and the transition to low-carbon energy. The supply chain crisis of the last two years has shown that a mismatch […]

DHL Express moves into new warehouse in southwest valley

April 11, 2023 at 7:57 am | Uncategorized | No comment

DHL Express has invested $11.1 million in a new warehouse located in the southwest valley of Las Vegas, which is 27% larger than its previous location. The new facility has increased capacity, new sorting equipment, and office space. It can process up to 3,000 pieces an hour and handle both domestic and international shipments to […]

Walmart Commerce Technologies and Salesforce Team Up To Unlock Local Fulfillment and Delivery Solutions for Retailers

April 11, 2023 at 7:56 am | Uncategorized | No comment

Walmart Commerce Technologies and Walmart GoLocal have partnered with Salesforce to provide retailers with access to technologies and solutions that enable frictionless local pickup and delivery for shoppers. The partnership will make Walmart’s innovative omnichannel technologies available to other retailers through Salesforce AppExchange, helping them to create and manage seamless in-store and online experiences with […]

New cargo verification data rules costly and testing for UAE importers

April 11, 2023 at 7:55 am | Uncategorized | No comment

Dubai Customs has announced new regulations that require local importers to obtain attestations from the Ministry of Foreign Affairs and International Cooperation for invoices of AED10,000 ($2,722) and above, costing AED150 ($40.84) per invoice. Failure to comply will result in a penalty of AED500 per invoice. The new rules will come into effect on 1 […]