2nd edition of Cargo Connexions Conclave to be held in Coimbatore on 14 Feb

The Federation of Indian Export Organisation (FIEO), in association with India Seatrade, will hold the Second edition of ‘Cargo Connexions Conclave’ on February 14 at the Residency Towers in Coimbatore. Shri N Sivasailam, IAS Special Secretary (Logistics), Ministry of Commerce, will be the chief guest. T.K. Ramachandran, IAS, Chairman VOC Port Trust, Dr. M. Beena,.

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India pushes rail overhaul to nudge JNPT shippers away from trucking

As competition from road haulers intensifies amid sluggish volume growth, Indian rail authorities are linking with Jawaharlal Nehru Port Trust (JNPT) to devise new ways to optimize containerized rail capacity and shore up service competitiveness. Touting it as a game-changing move, the Indian Railways, parent of Container Corporation of India (Concor), has opened consultations with.

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CMA CGM introduces NETWORKING INTERMEDIATION SERVICES

The CMA CGM Group has announced the launch of NETWORKING INTERMEDIATION SERVICES, the first and only business matchmaking solution on the market, the company said in its release. In line with its Customer Centricity strategy, CMA CGM is committed to providing customized support to its clients as they pursue international expansion and business development. With.

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YES Bank acquires 10.25% stake in SICAL Logistics by invoking pledged shares

Incorporated on May 6, 1955, SICAL Logistics is an integrated logistics solution provider for bulk and containerised cargo in India. Coffee Day Group acquired SICAL in September  2011, as per the company’s website. Last year, Sical Logistics, a Coffee Day Group company, has sought shareholders’ nod to sell, dispose of or hive off multiple business.

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China and Sri Lanka vow promotion of shipping and logistics sectors

China and Sri Lanka agreed to further promote the development of the Belt and Road Initiative (BRI) and the shipping and logistics sectors during the meeting of Chinese State Councilor and Foreign Minister Wang Yi with Sri Lankan President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa. Sri Lanka is ready to enhance Sri Lanka-China ties.

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Schedule reliability is key to efficient container shipping and supply chains

Poor communication on vessel arrival time is the biggest pain-point for container shippers, according to MarineTraffic. The vessel tracking specialist calculated that over 22% of commercial vessels arrive at their destination a day later than planned, with 15% making intermediate stops between departure port and destination. However, under carrier contracts, arriving a day late or.

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Maersk bets on cold storage to boost land transportation business

Maersk , the world’s biggest shipping company, plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business. Since announcing a new strategy in 2016, which included selling its oil and gas business, Maersk has focused less.

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Blackstone to invest ₹380 crore in  Allcargo’s  warehousing business

Private equity (PE) giant Blackstone Group is investing ₹380 crore to buy a majority stake in the warehousing business of Mumbai-based Allcargo Logistics Ltd for developing logistics parks in key consumption hubs across India. Blackstone proposes to make the investment through debt and equity, according to a statement issued by Allcargo on Monday. “Allcargo will retain.

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