The third party logistics company Sitics Logistic Solutions announced the acquisition of Quifers, a logistics tech startup revolutionizing logistics and developing disruptive technologies. As per the deal, Sitics will acquire a majority stake in Quifers for an undisclosed sum.
Hyderabad International Airport on Saturday (May 1) received the first large shipment (1.5 lakh doses) of Sputnik V, the Russian-made Covid-19 vaccine developed by Gamaleya Research Institute of Epidemiology and Microbiology from Moscow on a Boeing 737 freighter of Atran, a Volg-Dnepr group airline.
The shipping giant CMA CGM today announced SERENITY deductible guarantee, a solution for the group’s clients that can be combined with a cargo insurance to get a reimbursement by CMA CGM of the deductible that remains normally at their expense in case of damage to their goods. The clients benefit from up to 100 percent […]
The Indian e-commerce marketplace, Flipkart, announced a commercial partnership with the Indian multinational infrastructure company Adani Group to improve logistics and data centre capabilities. Flipkart will work with Adani Logistics, a wholly-owned subsidiary of Adani Ports & Special Economic Zone (APSEZ), to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its […]
Mundra Port, India’s biggest commercial port by volumes, has overtaken state-run Jawaharlal Nehru Port Trust (JNPT) to become the country’s largest container gateway by handling 5.65 million twenty-foot equivalent units (TEUs) in FY21, posting a growth of 18 per cent compared to last year.
The loss of trade per day due to the closure is pegged at close to $9 billion’ As the global shipping industry heaves a sigh of relief at the re-floating of the ‘Ever Given’ stuck on the Suez Canal for six days, allowing transit of a long line of ships to resume their journeys slowly, […]
A container ship heading to Rotterdam ran aground in the Suez Canal on Tuesday, blocking other vessels from transiting one of the world’s most important waterways, according to shipping company GAC and shipping data on Refinitiv Eikon. The 200,000-tonne vessel en route from the Red Sea to the Mediterranean ran aground at about 7:40 a.m. […]
The express logistics service provider XpressBees announced that the company has adopted the ESG policy. Environmental, Social, and Governance (ESG) policy is recognized the world over as a means to build sustainable, equitable, healthy, and diverse business practices. ESG processes and procedures primarily focus on non-financial performance as an indicator that addresses environmental impact, social […]
The express logistics provider Blue Dart on Monday (Mar 8) market launched the first Blue Dart All Women Service Centre in Navi Mumbai on the occasion of International Women’s Day. Located in Kharghar, Navi Mumbai, the all-women service centre comprises a team of sixteen women who do the role of managers, customer service representatives, security […]
CEVA Logistics continues to expand its footprint in Thailand and has moved its country head office to the heart of Bangkok’s business district. This change is the third relocation in recent months of a key function in Thailand following the move of CEVA Logistics’ airfreight team to a new office at Suvarnabhumi Airport, Bangkok and […]
Premium real estate developer Hiranandani Group has signed a Memorandum of Understanding (MoU) in West Bengal to set up an industrial, logistics and hyper-scale data centre park in the region, which is estimated to cross INR 10,000 crore. In a statement, the Mumbai-based diversified conglomerate said that the group has signed a pact with Hindustan […]
Singapore-based SPEEDCARGO Technologies announces collaboration with Microsoft’s Azure Depth Platform program to disrupt the air cargo and logistics industry with advanced 3D vision technologies. In this collaboration, SPEEDCARGO leverages advanced 3D sensing technologies by Microsoft in its artificial intelligence and robotics solutions for digitization, optimisation and automation in the air cargo and logistics space.
Maersk has appointed Vikash Agarwal as its new Managing Director, Maersk South Asia and he will join the organisation on March 1, 2021. A chartered accountant by qualification, Vikash’s recent employment was with CEVA Logistics – Indian subcontinent as their managing director since 2014
In a move to strengthen the Ports, Shipping and Waterways sector, Finance Minister Nirmala Sitharaman in her Budget speech on Monday announced the Public Private Partnership mode for major ports in FY 22. “Major ports will be moving from managing their operational services on their own to a model where a private partner will manage […]
End-to-end logistics services provider Allcargo Logistics has appointed Suresh Kumar as its chief executive officer – India, said a statement issued today. Kumar has over 28 years of industry experience and a proven track record in building and expanding businesses as well as driving change management initiatives. He will head Allcargo’s CFS, P&E, and contract […]
The logistics services provider Delhivery has announced that it will open two new tech offices in Bengaluru and Ahmedabad, in addition to its existing centres in Gurgaon, Goa, and Hyderabad in India, and Seattle in the United States.
Following the launch of ferry services between Hazira and Ghogha, the Ministry of Ports, Shipping and Waterways is evaluating start of more such services. It has identified domestic locations — Hazira, Okha, Somnath Temple, Diu, Pipavav, Dahej, Mumbai/JN Port, Jamnagar, Kochi, Ghogha, Goa, Mundra and Mandvi — and six international routes, connecting four destinations —- […]
A sharp drop in import volumes compared to exports has led to a shortage of containers for exporters from India resulting in soaring rates for ‘empties’ in the last three months. According to TS Ahluwalia, President, North India Shipper Association (NISA), “Now, shipping lines have to specially bring empty containers to India from various parts […]
Om Logistics announced that it has invested ₹125 crore for a new warehousing facility at Pune’s Chakan spread across 23 acres, situated near the main highway and with a proposed warehousing capacity of 3,50,000 square feet. During phase 1 of construction, 1,50,000 square feet of the warehousing park has already been built, while phase 2, […]
Mahindra Logistics Ltd. (MLL), one of India’s largest third-party logistics (3PL) solution providers, recently added 3.5 lakh sq. ft. area to its existing ‘Built-To-Suit’ (BTS) warehousing capacity. The facilities are developed to sustainable standards and allow MLL to provide flexible and scalable fulfilment and integrated distribution solutions. This site situated at Kancheepuram district, is focusing on integrated […]
The congestion at Colombo Port has turned out to be an opportunity for Kochi at least in terms of gaining transhipment business following the diversion of some ships. Of late, the International Container Transhipment Terminal (ICTT) at Vallarpadam has started receiving additional mainline ships on ad hoc basis with transhipment volumes following the diversion of MSC Lines […]
Flipkart on Monday announced the launch of its grocery operations in Lucknow, Uttar Pradesh its first grocery fulfilment centre in the city which was virtually inaugurated by the UP industries minister Satish Mahana. Currently, Flipkart grocery services are live in key cities of the state, namely Agra, Aligarh, Meerut & Mathura. Spread across an area […]
Allcargo Logistics, India’s largest end-to-end integrated logistics service provider launched the online booking facility ECU360 (the global logistics tool) on its digital platform, in India. The completely automated digital service will help the mid-sized & small-sized freight forwarders and the CHAs in India to achieve speed and business growth with instant bookings, instant quotation and […]
The express air and integrated transportation & distribution company, Blue Dart Express, on Thursday declared its financial results for the July–September quarter with 195 percent increase in profit after tax to ₹414 million compared to ₹140 million of the same quarter previous year.
India's largest private sector shipping company and the operator of dry bulk carriers and tankers, Great Eastern Shipping Company's (GE Shipping) share value rose after the company's debenture issue committee approved raising ₹150 crore through issue of non-convertible debentures (NCDs).
The government is weighing a plan to ease nationality norms for registration of ships by allowing vessels that are substantially owned by Indian entities and those owned by overseas corporate Indians (OCI) and Limited Liability Partnerships (LLPs) to register under the Indian flag. Ships purchased through bare-boat-charter-cum- demise (BBCD) route will also be permitted to […]
KSH Infra, a Pune-based warehousing and logistics parks developer, informed that it is planning to develop over 10 million sqft warehouses in Mumbai Metropolitan Region (MMR), Pune, National Capital Region and Bengaluru in phases over the next four-five years.
The Port Operations Building (POB) of the upcoming international multi-purpose deep-water seaport at Vizhinjam, Thiruvananthpuram, the first facility in Phase 1 being executed by Adani Vizhinjam Ports Pvt Ltd (AVPPL), has been commissioned.
Gearing up for the festive season, Amazon India announced the launch of a specialized fulfilment centre (FC) with 7 lakh cubic feet of storage space in TamilNadu, along with the expansion of an existing FC.
A direct cargo ferry service between India and Maldives that started on Monday is likely to reduce transportation time and cost and boost trade between the two countries, as per official sources.