Philippine and Vietnamese Exports to U.S. Surge Amid Supply Chain Shifts News: Vietnam's exports to the US surged 24% year-on-year in Q2, ranking second in ASEAN, following the Philippines' 35% rise, according to Nikkei Asia. In the semiconductor and machinery sectors, Vietnam saw a 41% increase, with the Philippines, Thailand, and Malaysia recording gains of…

CBRE Report: Industrial Leasing Surges 48% News: India's Industrial & Logistics (I&L) sector experienced a 48% rise in leasing activity from July to September 2024, with total leasing reaching 11.4 million sq. ft. across the top eight cities, according to a CBRE report. Delhi-NCR, Kolkata, and Hyderabad led the surge, accounting for 65% of the…

Some companies face heat after Donald Trump's victory in U.S elections News: After Donald Trump's victory in the U.S. presidential election, companies like global appliance maker Breville are bracing for potential impacts from his trade policies. Given Trump's history of imposing high tariffs on Chinese imports, many anticipate further tariff increases. As a result, companies…

Navi Mumbai International Airport Welcomes First Aircraft In a landmark moment for the Navi Mumbai International Airport (NMIA; Airport Code: NMI), an Indian Air Force (IAF) aircraft successfully touched down on its South runway. The inaugural landing of the IAF C-295, a large multi-role tactical airlifter, represents a significant milestone in the Adani Group's development…

Exporters Warn that Escalating Conflict in West Asia Could Increase logistics Costs and Disrupt oil. NEW DELHI: The escalating conflict in the West Asian region is likely to further raise logistics costs and negatively impact trade in key sectors such as oil, electronics, and agriculture, exporters have warned. They also noted that insurance premiums for…

India Post issues special Postage stamp to recognise 25 years of Mundra Port GANDHINAGAR : In a ceremony marking 25 years of Mundra Port, Gujarat Chief Minister Shri Bhupendrabhai Patel released a commemorative postal stamp to honour the port's contributions to India's maritime and economic growth. The event, held on World Post Day, highlights the…

Asia-US Container Rates Drop Further, Decline Continue After the ILA Strike HOUSTON: Container shipping rates from East Asia and China to the US have continued to decline following the resolution of a brief three-day strike at US Gulf and East Coast ports. The International Longshoremen's Association (ILA) strike led to minimal disruption, with analysts predicting…

Indian logistics market to expand to Rs 13.4 trillion by FY28: Report New Delhi: The Indian logistics market, valued at ₹9 trillion in FY23, is expected to experience substantial growth, reaching ₹13.4 trillion by FY28. This growth represents a compounded annual growth rate (CAGR) of 8-9%, as reported by Motilal Oswal. This growth is being…

Warehousing Industry in India Strengthens News: NEW DELHI: India has witnessed a remarkable surge in warehousing demand across key sectors, with figures rising from 15% in 2019 to 25% in 2024. This increase is primarily driven by favorable government initiatives and a global strategy to diversify supply chains away from China. Cities like Pune, Delhi-NCR,…

Adani Launches Supply Chain Company in China News: Singapore-based Adani Global Pte, a step down subsidiary of Adani Enterprises, has incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) domiciled in Shanghai, China. The registered share capital of AER is $2.1 million, according to a filing with the stock exchanges. "AER is incorporated to carry out…

India U.S aim to Secure $1 Billion IBRD Fund to Build Clean Energy supply Chain News: WASHINGTON, D.C.: Following bilateral talks between PM Modi and Joe Biden on the outskirts of the Quad Summit, the White House announced that India and the US are looking for USD 1 billion from the International Bank for Reconstruction…

Govt of Kerala Launches Logistics Park Network News: THIRUVANANTHAPURAM - In anticipation of the upcoming Vizhinjam International Transshipment Port, the Kerala state government is taking significant steps to support businesses connected to the port by launching a network of Logistics Parks. These parks, strategically located near the new port—which is a key infrastructure project for…