Maersk installs automated weather stations on 50 vessels
February 7, 2022: Danish carrier A.P.Moller-Maersk has, in collaboration with the National Meteorological Service of Germany, Deutscher Wetterdienst (DWD), installed automated weather stations (AWS) on 50 vessels. While crossing the largest oceans, the vessels can transmit live data helping forecast weather and climate, according to an official statement from Maersk. “All collected data is transmitted live […]
National Rail Plan to raise the share of railways in freight to 40-45 percent, says Economic Survey
Adds that it is necessary from the sustainability perspective and also from national commitments to reduce emission levels The Indian Railways has drawn up a National Rail Plan seeking to create a “future-ready” railway system capable of meeting the passenger demand and increase the modal share of railways in freight to 40-45 percent from the […]
Delhivery gets SEBI approval for ₹7,460 crore IPO
January 18, 2022: Supply chain unicorn Delhivery has received approval from the markets regulator Securities & Exchange Board of India (SEBI) to raise ₹7,460 crore through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth ₹5,000 crore and an offer for sale (OFS) component of ₹2,460 crore by existing shareholders, […]
Singapore remains the world’s busiest transshipment port
The Port of Singapore reported a record high container throughput of 37.5 million twenty-foot equivalent units (TEUs) in 2021. Singapore handled 599 million tonnes of cargo in 2021, and vessel arrival reached 2.81 billion gross tonnages (GWT). Bunker sales crossed 50 million tonnes for only the second time at the port. S Iswaran, Minister for Transport and […]
Freight margins recover in December
Even as mining, steel, and cement freight rates saw a healthy one-month increase in December, and fuel prices stabilized Freight margins have shown some recovery in December as mining, steel, and cement freight rates saw a healthy one-month increase in December, and fuel prices stabilized. For December, CRISIL’s freight index is back to festive levels […]
SpiceJet arm, Pifore ink pact to launch e-cargo planes.
Companies to work on a pilot project to promote carbon emission-free electric aircraft Move over electric scooters and four-wheelers, SpiceJet’s air cargo arm, SpiceXpress, and an aviation start-up division of Pifore are exploring the launch of zero carbon-emitting electric cargo planes. The project is in its preliminary stage but a memorandum of understanding (MoU) has […]
