Biden signs Ocean Reform Act; WSC says invest in landside logistics
17 Jun 2022 11:22 AM ISTOSRA 2022 establishes additional requirements and prohibited conduct for ocean carriers.
Los Angeles port has 3rd best overall month
15 Jun 2022 1:30 PM ISTLA port has processed more than 4.5mn TEUs in the first five months of 2022, equal to last year’s record-setting pace.
Biden at it again - slams carriers for inflation
10 Jun 2022 4:28 PM IST"Nine shipping companies who ship from Asia to the United States have raised prices by as much as 1,000%."
Slower growth likely for container market: BIMCO
8 Jun 2022 6:15 PM ISTThough still high compared to pre-Covid levels, there has been noticeable impact on rates & activities in asset markets.
"Android, cloud-based services to play big role in payments"
8 Jun 2022 3:45 PM IST1Pay, a unified startup platform, is attempting to leverage technology & enable stakeholders solve complex pain points.
Getting ready for the ketchup effect
7 Jun 2022 7:15 PM ISTClogged bottle Shanghai will drain and vessels carrying pent-up cargo arriving at destinations will become problematic
UPS, InterGlobe launch logistics brand Movin
26 May 2022 1:02 PM ISTTo focus on SMEs, launch products in New Delhi, Mumbai & Bengaluru
Delhivery ends Day 1 on bourses with 10% gain
24 May 2022 5:41 PM ISTStocks allotted at Rs 487, opened marginally higher at Rs 495; trades of over 14 million on the NSE.
13 million TEU too many by 2023: Sea-Intelligence
19 May 2022 5:04 PM ISTCaveat: Hapag-Lloyd’s operational performance in relation to their equipment is taken as a proxy for the entire market.
260,000 TEU not shipped from Shanghai in April: Drewry
19 May 2022 3:49 PM ISTEquivalent to almost 26 10,000 TEU containerships that will have to be found as supply chains are reactivated.
Delhivery IPO subscribed 1.63 times; QIBs bail out offer
13 May 2022 9:29 PM ISTRetail portion was under-subscribed: out of 11 million shares on offer, bids were received only for 6 million shares.
LA/LB ports automation will lead to more work, hours, new study says
5 May 2022 6:21 PM ISTPurpose of automation is to replace human workers with machines, and in this case to harm U.S.-based workforce: ILWU
