The World Shipping Council (WSC) has appointed Joe Kramek as President & CEO to succeed John Butler upon his retirement at the end of July. Kramek brings a wealth of experience and expertise to his new role, from both the maritime sector and government service, says an official release. "Before stepping into the position of President & CEO, Kramek served as WSC's Director of U.S. Government Relations. His professional journey includes 28 years as a commissioned officer with the U.S. Coast Guard where he spent time at sea and as the Chief of Maritime, International, and Environme ..read more

TVS Supply Chain Solutions Limited, a major player in global supply chain solutions, announced that its subsidiary, TVS SCS North America has achieved Partner-level status in John Deere's 'Achieving Excellence Programme' for 2023. This is the highest recognition given by Deere & Company to its suppliers. TVS SCS North America earned this honour for delivering top-quality products and services and consistently striving for improvement. The 'Achieving Excellence programme' assesses suppliers each year across various essential areas like quality, delivery, process alignment, value creation ..read more

Honda will be opening its state-of-the-art spare parts warehouse facility in Doddaballapura near Bengaluru, Karnataka. Managed by Honda Cars India, the facility will support the spare parts operations for all Honda businesses including Honda Cars India, Honda Motorcycle & Scooter India and Honda India Power Products, according to an official release. The warehouse is located in proximity to Bengaluru International Airport, Bengaluru City Region and Honda two-wheelers manufacturing plant. In the first phase, 60,000 sq. m. of plot area will be developed including a covered space of 25,000 s ..read more

During the past four years, the container market has faced not only lower-than-expected growth in the global economy but the ratio of market growth vs economic growth, the so-called GDP multiplier, was also substantially lower than normal. In October 2019, the International Monetary Fund (IMF) forecast that the global economy would grow at an average annual rate of 3.5 percent during 2020-2023, in line with the average annual rate of growth of 3.4 percent seen during the years leading up to the pandemic, says the latest update from BIMCO. "Instead, the global economy ended with an average ann ..read more

Hapag-Lloyd and Seaspan have entered into an agreement to retrofit and convert five 10,100 TEU container ships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels will continue to be on long-term charter from Seaspan to Hapag-Lloyd, according to the press release from Hapag-Lloyd. The vessels scheduled for retrofits are Seaspan Amazon, Seaspan Ganges, Seaspan Thames, Seaspan Yangtze and Seaspan Zambezi. The retrofit is expected to take approximately 80-90 days per vessel starting in the first quarter of 2026 ..read more

 Kempegowda International Airport Bengaluru (KIAB/Bengaluru Airport) handled 439,524 tonnes of cargo in the financial year 2023-24, an increase of 7.1 percent compared with FY2023. "International tonnage reached 266,186 tonnes, a four percent growth over the previous year while domestic tonnage experienced a strong 13 percent rise, totaling 173,338 tonnes in comparison to the previous year," says an official release. BLR Cargo continued its growth momentum operating to 33 destinations in FY2024 compared to 25 destinations in FY2023. "Serving as a vital gateway, BLR Cargo facilitated expo ..read more

The B2B marketplace ProcMart has raised $30 million (₹250 crore) in Series B Funding led by Nandan Nilekani and Sanjeev Aggarwal’s VC fund, Fundamentum Partnership, and the Edelweiss Discovery Fund. The round also saw participation from South Korea-based Paramark Ventures. The Company’s existing investors include Sixth Sense Ventures and IndiaMART. DC Advisory was the financial advisor for the fundraise. ProcMart aims to utilise the funds to actively explore strategic acquisitions to augment its market leadership and enhance client offerings. The strategic acquisitions will enable ProcMart to ..read more

Finnair, the national airline of Finland, has announced the appointment of Anupam Vig as the new General Manager for India, effective January 1, 2024. “With over two decades of experience in the airline industry, Vig’s expertise lies in developing and implementing innovative sales strategies that drive growth and expand market presence. Throughout his career, he has demonstrated an understanding of industry dynamics and consumer behaviour, consistently delivering results by identifying business opportunities. His leadership will help further Finnair's goal of providing top-notch service and c ..read more

ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in Series A funding led by Inflexor Ventures partners and Athera Venture Partners. The funding round was led by Inflexor Ventures Partners and Athera Venture Partners, along with participation from Riverwalk Holdings and Rebright Partners. It will be used for launching new AI-driven modules, global growth and hiring, according to the press release from ClickPost. Naman Vijay, the Co-Founder and CEO, ClickPost, says: “We believe the next few years will give rise to some generational companies in the e-comm ..read more

Emirates SkyCargo, the cargo branch of Emirates, has established an Application Programming Interface (API) integration with DB Schenker, a prominent player in logistics services worldwide. Through the adoption of digital tools, Emirates SkyCargo is striving to enhance its top-tier customer experience and streamline the international trade process for increased efficiency. API acts as a digital bridge between two systems, allowing them to communicate and exchange data. The direct host-to-host connection with DB Schenker's internal booking system streamlines the air freight booking procedure ..read more