Maersk, JSW and Essar Ports join the race for divestment of Concor
MUMBAI: According to sources, Maersk-the Danish major has participated in the second round of the pre-expression of interest (EoI) roadshow held by the Department of Investment and Public Asset Management (Dipam). The other two companies which were part of the second round included JSW Group and Essar Ports. This comes after five companies — I […]
Govt to invest over ?380 crore to deepen draft depth at Cochin Port : Sonowal
KOCHI: Indian Government will invest over? 380 crore towards deepen draft depth at the port to 16 metres as Cochin Port can be a possible trans-shipment hub and an alternative to Sri Lanka’s Colombo Port. Additional investment to raise capacity of the international trans-shipment terminal to 2 million TEUs, is also being planned, Minister for […]
Investment in logistics and industrial market in 2022 expected to surpass last year’s numbers: Report.
The sector has attracted investments of Rs 8,257 crore since the beginning of this year. The logistics and industrial segment held a 25% share of the quarter’s fund flow, led by two large deals – Actis’ investment of Rs 2,200 crore in Mahindra Lifescape for warehousing in Chennai and Jaipur, and GIC and ESR Group […]
RIL To Build India’s Maiden Multimodal Logistics Park.
Phase I development is targeted within two years, by 2025, leading to commercial operations. The total cost of the project under public-private partnership (PPP) mode is estimated at ₹1,424 crores, the ministry said. The 184.27-acre park, awarded by a bidding process, is estimated to cater to 7.17 million metric tonnes of cargo over the 45-year […]
A.P. Moller – Maersk to open 100,000 sq ft warehouse at Chattogram, Bangladesh
The three-storied facility is expected to go live by December 2022, to help in addressing the warehousing capacity crunch faced by exporters out of Chattogram, Bangladesh A.P. Moller – Maersk (Maersk), the integrated logistics company, is expanding its warehousing footprint in Bangladesh with a brand new 100,000 sq. ft. facility being built in Chattogram. The […]
DHL Global Forwarding, GoodShipping sign deal for sustainable fuel
Latest purchase of approximately 60mn liters; collaboration includes piloting new framework of Smart Freight Centre. DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping, the global pioneer and market leader in insetting to decarbonise the container shipping industry by changing the marine fuel mix, are further expanding their […]
