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…

Indian Government Plans to Transform India Post into a Logistics Giant News: NEW DELHI: The goal of the Indian government's transformation Indian Post into a full-service logistics company is to increase the company's revenue by 50–60% within the next three to four years. Union Telecom Minister Shri Jyotiraditya Scindia disclosed that the postal department currently…

Next IPEF’s Supply Chain Council Meeting to be Held in December News: NEW DELHI: On Monday, the Commerce Ministry announced that the next IPEF’s supply chain council meeting, established under the agreement of the 14-member IPEF, is scheduled for December. The Indo-Pacific Economic Framework for Prosperity (IPEF) bloc was initially launched by the US and…

Container Handling Capacity In India Is Set To Double In The Next Five Years: Sonowal News: Container handling capacity in India is set to double over the next five years, reaching 40 million TEUs (twenty-foot equivalent units), according to Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways. This expansion is projected to create two million…

Thousands of Trucks Are Stranded Across Due to FASTag Issues in India News: Widespread technical problems with the FASTag toll collection system are severely disrupting India's road freight industry, which is the foundation of the country's economy. The transportation of necessities is reportedly being severely hampered by the thousands of trucks that are apparently stuck…

Two Years On: How India's National Logistics Policy is Revolutionizing the Sector and Driving Economic Growth News: Two years after the introduction of India's National Logistics Policy (NLP), its significant impact on the country's logistics sector is evident. Launched on September 17, 2022, the policy aimed to tackle inefficiencies, enhance productivity, and reduce the…

India's Container Prices Soar 27% Amid Global Tensions News: Geopolitical challenges led to a 27% increase in container logistics costs in India’s shipping market in July. Despite this volatility affecting Asian markets, India has shown resilience, according to a report released on Thursday. Most supply chain experts expect container prices to rise further in August,…