Trans-shipment charges at Vizhinjam lower than at Colombo port
The logistics industry is buzzing about Vizhinjam Port’s recent operationalization, especially because of its competitive trans-shipment charges. By providing more affordable options than Colombo Port, Vizhinjam has established itself as a competitive substitute for international trade routes. Vizhinjam Port’s Strategic Advantages Vizhinjam Port, situated in Kerala, is strategically positioned close to international sea routes, which […]
Gemini Cooperation: FMC requests additional information
“Agreement as submitted lacks sufficient detail to allow for a complete analysis of its potential competitive impacts.” The U.S. Federal Maritime Commission has sought more information from Maersk and Hapag-Lloyd on the proposed Gemini Cooperation. “Maersk and Hapag-Lloyd filed the Gemini Cooperation Agreement (No. 201429) at the Commission on May 31, 2024. The agreement would […]
MSC upgrades cargo protection offering Cargo Cover Solutions
Under this new framework, Cargo Cover Solutions is comprised of two products: MSC Extended Protection (EPR) and MSC Marine Cargo Insurance (MCI). MSC has expanded and upgraded its previous cargo protection offering, known as “Peace of Mind” insurance, which is now known as “Cargo Cover Solutions”. Under this new framework, Cargo Cover Solutions is comprised […]
Baltimore update: Unified Command opens deep draft channel
Vehicle carrier Carmen moved through temporary channel; operations to remove DALI will require suspension of transits The Captain of the Baltimore Port established a fourth channel, the Fort McHenry limited access channel, which will run the length of the northeast side of the federal channel, and provide additional access to commercially essential traffic.
Efficient warehousing is the backbone of ‘festive economy’: Decoding the role of efficient storage solutions, beyond retail, this festive season
India’s festive season is a time of joy, celebration, and increased economic activity. Traditionally, this period has been a boon for the retail industry, with businesses witnessing a surge in sales. However, the impact of the festive season goes beyond retail; there is a substantial increase in the demand for goods such as paints for […]
Delhivery to acquire additional 4.75% stake in Falcon Autotech, invests approx Rs 52 crore
Delhivery on Saturday announced that its board has approved the proposal for acquiring an additional 4.75 per cent equity share capital of Falcon Autotech Pvt Ltd, for a total consideration of approximately Rs 52 crore. Post this acquisition, Delivery will have a total shareholding of 39.33 per cent in Falcon Autotech. “The Board of Directors […]
How can India become the hub for global food, pharma cold supply chains?
India’s potential as a global cold supply chain hub has never been more evident than in recent years. With the growth of its pharmaceutical and food industries, there is a rising demand for efficient and reliable temperature-controlled logistics. The COVID-19 pandemic served as a wake-up call, highlighting the need for a robust cold supply chain […]
Digital Transformation in Transportation and Logistics Market Latest Trends, Demand and Industry Outlook 2021- Amazon Amazon, APL Logistics Ltd., IBM Corporation, Walmart, Logitech Corporation, Samsung Electronics
An in-depth and logical investigation of the worldwide Digital Transformation in Transportation and Logistics market results in a detailed, verified, and thoroughly researched study report that covers significant aspects of the global Digital Transformation in Transportation and Logistics market such as supply chain, marketing and promotion, product or venture development, and price structure. The study […]
Logistic major Allcargo subsidiaries buys land parcel worth Rs 231 crores in Gurgaon
Logistic major Allcargo Logistics Ltd’s two subsidiaries — Allcargo Inland Park and Jhajjhar Warehousing Private Ltd — have bought two land parcels in Gurgaon for a total consideration Rs 231 crore. Allcargo Inland Park bought the land tract from Model Economic Township for Rs 134 crore while Jajjhar Warehousing also bought bought land worth Rs […]
CJ Darcl Logistics files initial papers for IPO
CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and offer for sale up to 54.31 lakh shares by existing shareholders. The OFS comprises of 3.69 lakh shares by […]