India is working out a plan to ramp up cargo handling capacity of its ports four fold to 10,000 million tonnes per annum (mtpa). A comprehensive ports master plan will spell out the target to be achieved by 2047, coinciding with 100 years of India’s Independence, a senior government official told ET.
In an industry-leading move, South Korean liner HMM has opened a dedicated container train service from North India (ICD Tughlakabad) to Kattupalli Port, an emerging gateway near Chennai. “With extended support from its service partner – Container Corporation of India (Concor), HMM has launched a new, direct rail service from ICD Tughlakabad to Kattupalli Port, […]
To strengthen the viability of goods produced in the state by reducing logistics costs from 13% to 8%, the Punjab Government is in the process of finalizing the state’s logistics policy. The Integrated Logistics and Logistics Park Policy is getting its final touches from the industries and commerce department for approval from the state cabinet. […]
CONTAINER freight rates on major trades out of India have hit new lows in November amid falling cargo volumes, reports Athens’ Container News.On the westbound India-Europe trade, average contract rates from West India to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have fallen to US$2,300 per TEU from $3,500 and $2,450 per FEU, from $4,000 […]
Copenhagen – A.P. Moller – Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform. TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for […]