Officials said the present perception-based methodology captures India’s reforms such as Logistics Data Bank and Unified Logistics Interface Platform in a limited manner and that information on sample size and sub-indices is not available in the public domain.
India to pitch for changes to West Bengal Logistics Index
The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants.
India’s antitrust body, the Competition Commission of India (CCI), is investigating domestic units of global delivery companies, including DHL, UPS, and FedEx, for alleged collusion on discounts and tariffs. The CCI initiated the inquiry in October 2022 after a complaint by the Federation of Indian Publishers, accusing the companies, along with domestic firms, of deciding […]
”Guidelines for the green transition of inland waterway vessels will be introduced during the first meeting of the Inland Waterway Development Council (IWDC). The initial target is to support transition of 1,000 vessels, ferries and boats over the next 10 years under the programme,” Minister Sonowal said. This first IWDC is scheduled for January 8.
Adani Ports and Special Economic Zone Limited has re-designated Gautam Adani and Karan Adani as Executive Chairman and Whole-Time Director & CEO, respectively, effective January 4. Ashwani Gupta will be appointed as Chief Executive Officer and Whole-Time Director for three years.
Problems in Red Sea will have no impact on India’s maritime trade: Shipping secretary Ramachandran
2 years ago
The ongoing Red Sea conflict will have “no impact” on India’s maritime trade with the rest of the world, claimed Shipping and Waterways secretary T K Ramachandran. The Bab-el-Mandeb Strait is an essential trade route that connects the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. It separates Africa […]
Allcargo Logistics is planning to cut costs by $30 million by the end of 2023-24 due to the ongoing slowdown in the global logistics sector. The company also aims to raise up to Rs 300 crore in equity funds for Gati, its express logistics business. Company’s chairman Shetty said the cost cutting would include a […]
“As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between […]
Suez Canal Incidents: Over 300 vessels have opted for a 6,000 nautical mile diversion around the Cape of Good Hope in recent days. Consequently, transit durations, shipping costs, and insurance premiums have risen, posing a potential disruption to global production timelines. With the Houthi assault in the Red Sea looming over world trade, what solutions […]
The main vision for developing the island aims “to capture the locational advantage of being on international sea route and develop Great Nicobar as a sustainable, green, global hotspot for business, trade and leisure”, according to a document from the Pollution Control Committee of the union territory.