Existing PPP operators at major ports will be allowed to charge market rates under new port law
Major Port Authorities Act to take effect from mid-November The clean-up of the Centre-run major ports through a new law is set to give a big bonanza to private firms running cargo terminals at these ports by allowing them to migrate to a market pricing regime for their services, potentially ending years of turmoil, marked […]
Middlemen worried as box lines, terminal operators offer door-to-door service
On Wednesday, Dubai-based DP World launched CARGOES Logistics, a new digital logistics platform that helps customers book freight by sea, road, and/or rail Global terminal operators and container shipping lines are exploring end-to-end freight management, a move that will drastically curtail the role of freight forwarders.
DP World eyes 100% acquisition of Imperial to expand footprint in Africa and Europe
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 […]