Hyderabad-Dubai Covid-19 vaccines corridor
Dubai Airports, operator of Dubai International (DXB) and Dubai World Central (DWC), and GMR Hyderabad (GMR-HYD) have joined forces to create a Covid-19 vaccine distribution corridor connecting major vaccine manufacturers in India with markets around the world. Home to 88... more
BAI: air freight volatility remains rife
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
India opens another railfreight section
The first good trains are running between Bhaupur and Khurja in Uttar Pradesh along India’s eastern dedicated freight corridor (EDFC). India’s PM Modi recently flagged off the first goods train and also opened the operation control centre at Prayagraj. The new 351 km stretch... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
China-train reaches Europe in 32 days
Fifty feu containers carrying chemical, industrial and retail goods from Suzhou, China recently reached their destination terminal at Ludwigshafen, Germany after a journey of 32 days. This is the first westbound block train to be organised by logistics service provider... more
Connecting Silicon Valleys
From tomorrow, 9 January 2021, Air India will operate the first-ever nonstop flights between San Francisco airport (SFO) and Bangalore (Bengaluru), India. The twice weekly B777-200LR service also represents the only nonstop flights between the "Silicon Valley of... more
Blank sailings significantly down, says eeSea
The latest data from the Danish maritime and supply chain intelligence company eeSea’s ‘Blank Sailings Tracker’ shows that 1.7% (for February) and 0.6% (for March) of head-haul sailings have been cancelled on three main east/west trades at this stage of the year. This is a... more
Sinovac vaccine arrives in Turkey
As part of its continuing healthcare, medical equipment and vaccine shipments across the globe, Turkish Cargo last week carried the first batch of Sinovac, Covid-19 vaccines procured from China by the ministry of health, to Turkey. Loaded inside 17 containers equipped... more
New vessel for Wan Hai Lines
Japan Marine United has delivered a 3,055 teu container ship to Wan Hai Lines. The line has ordered a total of eight container vessels with a design capacity of 3,055 teu which can carry containers with a maximum of 12 rows x 6 stages in the hold and a maximum of 14 rows x 7... more
Yang Ming banks on France
In a joint operation, Yang Ming has set up a new subsidiary with the Naxco Group in France. Yang Ming (France) officially became operative on 1 January 2021. The subsidiary aims at assisting Yang Ming to develop local market and integrate regional resource. With the... more