The incentive to be disbursed as a fixed amount based on a rate chart The Kerala government has approved a revised coastal shipping incentive scheme on loaded containers moving between Kochi and non-major ports in the State. The incentive on freight will now be disbursed according to a rate chart fixed for various routes. It […]
To ease the scarcity of empty containers, Hapag-Lloyd has ordered another 75,000 TEU dry boxes. The containers will be manufactured in China and delivered to Hapag-Lloyd within the fourth quarter of 2021. Adding up all investments into containers since the beginning of 2020, Hapag-Lloyd has ordered 625,000 TEU. Hapag-Lloyd now has a container fleet of […]
Hikvision announced that with its Smart Dock feature it becomes fast and simple for logistics sites to direct vehicles to available docks, speeding up loading and unloading, and maximizing throughput and efficiency. “At large, busy logistics sites, just a few dock managers control the flow of hundreds of vehicles waiting to load and unload – […]
Agility announced that it expects to complete the sale of its Global Integrated Logistics (GIL) business to DSV Panalpina A/S (DSV) today. The all-shares transaction gives Agility 19,304,348 DSV shares upon full completion of the deal in all jurisdictions, representing approximately 8 pecent of all post-transaction shares of DSV. This makes Agility the second-largest DSV […]
Delhivery, the IPO-bound express logistics company, signed an agreement to acquire the 100 percent stake in rival express logistics player Spoton Logistics for $200 million. While many perceive it as a supplementary addition, market experts note that it is a complementary union of two leaders in two different segments (B2C and B2B) of express distribution. […]
The food delivery platform hopes to use the e-bike to optimize efficiency and go green Hero Lectro Cargo (HLC) and Swiggy have partnered to pilot the deployment of cargo e-bikes for last-mile food delivery in Hyderabad. Swiggy, which has already been planning to include EVs in its fleet, will be utilizing Hero Lectro’s WINN – […]
Ecom Express, a technology-enabled end-to-end logistics solutions provider for the e-commerce industry, has announced the launch of its self-sign-up portal called E-zippie. The portal is for micro-entrepreneurs, small business owners, sole-proprietors and home-preneurs, to sign-up for logistics services. This move is aimed to simplify the customer onboarding process with the company by enhancing user experience […]
XpressBees announced that it has entered into an exclusive strategic business partnership with SpiceXpress to further strengthen XpressBees’s position in the logistics sector. Under this partnership, XpressBees has been allotted exclusive rights to sell SpiceXpress’ D2D (door to door) products at a total of 27 tier-3 & tier-4 locations within the SpiceXpress network. “This would […]
The Adani Group will offer a 50 per cent discount on charges to liquefied natural gas (LNG)-fueled ships at Mundra, India’s largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan. Using LNG to fuel ships allows a significant reduction in CO2 as […]
Logistics major DP World is planning to acquire South Africa’s Imperial Logistics Ltd for $890 million, one of DP World’s most significant acquisitions in Africa so far. DP World is interested in acquiring Imperial and all its businesses to expand its logistics footprint in Africa and Europe. Imperial’s Logistics International business is within the scope of the […]
Jawaharlal Nehru Port Trust (JNPT) recorded a throughput of 441,984 TEUs in June 2021 as compared to 289,292 TEUs in June 2020, a growth of 52.78 percent as compared to the same period last year. In terms of rail operations, JNPT handled 88,849 TEUS of ICD traffic from 548 rakes in June 2021, and the […]
India’s homegrown logistics giant Delhivery has entered into advanced stage discussions to acquire a controlling stake in its rival Spoton Logistics – a Bengaluru-based express logistics firm, sources close to the matter has informed a section of the media.
Mahindra Logistics saw a significant impact on its business in the last two months due to lockdowns in various states, but now it is back on a stronger recovery path and expecting this momentum to further consolidate during the second half of this fiscal.
Indian Railways crossed the milestone of delivering 30,000 MT Liquid Medical Oxygen(LMO) to various states across the country. So far, Indian Railways has delivered nearly 30182 MT of LMO in more than 1734 tankers to various states across the country. 421 oxygen expresses have completed their journey so far and brought relief to various States. […]
Om Logistics has helped Democracy India Foundation deliver 5000 oxygen concentrators to hospitals across India till date and aims to systematically address the on-ground issues related to the supply of oxygen under the Mission Oxygen initiative. This initiative is under Om Logistics’ CSR programme and it is now a logistic partner in the Mission Oxygen […]
Logistics software-as-a-service (SaaS) start-up FarEye has raised $100 million in funding led by new investors TCV and Dragoneer Investment Group, as part of the company’s Series E financial round. The investment witnessed participation from existing backers Eight Road Ventures, Fundamentum and Honeywell. As part of the transaction, Gopi Vaddi, general partner at TCV will join […]
The SaaS platform for online stores, Dukaan, today announced that it has partnered with Dunzo, the on-demand commerce & delivery platform, and Shiprocket, the tech-enabled logistics aggregation platform, to integrate delivery into the platform for a seamless retail experience. Pandemic-led surges in demand for home deliveries indicate a long-term trend that would become the upcoming […]
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