Shipping Ministry Unveils Ambitious Township and Green Maritime Initiatives
Logistics Insider
by Rachayita Sidharth
20h ago
The Shipping Ministry is developing a new township policy aimed at transforming port-adjacent areas into thriving communities. According to sources familiar with the plan, this policy will leverage the extensive vacant land around key ports to develop townships, with private developers invited to bid for these real estate projects. It has been deemed as a strategic move to revitalize the regions surrounding India’s major ports. The initial phase of this ambitious project will focus on major ports in Mumbai, Kolkata, Chennai, and Vishakapatnam, with plans to extend the initiative to all ports a ..read more
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ACFI Launches Goa Chapter Under Mr. Thakur Purushottam’s Leadership
Logistics Insider
by Karvi Rana
22h ago
The Air Cargo Forum India (ACFI) launched its Goa Chapter on June 21, 2024, under the leadership of Mr. Thakur Purushottam, Business Head, GMR Goa Air Cargo, at the Goa Chamber of Commerce & Industry (GCCI). Mr. Ahmad Raza Khan, Partner at Samuel Dias & Co. and Vice Chairman of the ACFI Goa Chapter, was also present at the distinguished event. The Chief Guest, Mrs. Swetika Sachan, IAS, Secretary Industries, Government of Goa, was joined by other prominent attendees, including Mr. Abhishek Pravimal, IAS, MD of GIDC; Dr. Pravin Khullar, President of GPMA; and Mr. Manguirish Pai Raikar, C ..read more
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India-UAE Maritime Link: First Step of IMEC Project Begins
Logistics Insider
by Karvi Rana
22h ago
Nine months after the announcement of the India-Middle East-Europe Economic Corridor (IMEC) project, efforts are underway to operationalize the first leg between India and the United Arab Emirates (UAE). The initial phase focuses on harmonizing procedures for voyage, vessel, and customs-related clearance between three ports on India’s western coast—MMundra, Kandla, and Nhava Sheva—aand two in the UAE, Jebel Ali and Fujairah. India has set a 100-day deadline to complete this process. The goal is to ensure that once a document is uploaded at the Indian ports, it will be accepted by port authorit ..read more
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Shipping Groups Urge Governments to Halt Houthi Attacks in Red Sea
Logistics Insider
by Rachayita Sidharth
22h ago
Leading shipping groups have implored influential governments to intervene and halt the Houthi attacks on vessels in the Red Sea, following the sinking of a second freighter this week. The appeals come amid escalating concerns over the safety of seafarers and the impact on global supply chains. The recent surge in attacks has claimed the lives of at least 3 seafarers, with the latest incident likely adding another fatality. More than a dozen shipping associations, including the International Chamber of Shipping and the World Shipping Council, issued a statement on Wednesday emphasizing the gra ..read more
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Alarm Raised by Shipping Industry After Another Red Sea Vessel Sinking
Logistics Insider
by Karvi Rana
22h ago
Leading shipping organizations have urgently called on influential governments to intervene and stop Houthi attacks on vessels in the Red Sea, following the sinking of a second freighter this week. The attacks have resulted in the deaths of at least three seafarers, with another fatality likely from the most recent incident, according to a statement released Wednesday by more than a dozen shipping associations, including the International Chamber of Shipping and the World Shipping Council. The escalating violence has caused significant disruptions to one of the world’s crucial maritime trade r ..read more
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Effective Strategies to Reduce Year-End Inventory in Supply Chain Parts Organizations
Logistics Insider
by Guest Contributor
3d ago
For many supply chain parts organizations, minimizing year-end inventory is a key objective. Managing inventory efficiently involves several critical parameters such as lead times from suppliers, fill rates, minimum order quantities (MOQs), demand accommodation, and satisfaction across multiple echelons. Each of these factors plays a significant role in optimizing inventory levels and ensuring operational efficiency. In my recent project with an agricultural manufacturing organization, the goal was to reduce year-end inventory. During my research, I observed that current supplier lead times ha ..read more
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Investigation Underway in New Jalpaiguri Train Collision; High-Speed Goods Train Suspected
Logistics Insider
by Rachayita Sidharth
3d ago
In the wake of the tragic train accident near New Jalpaiguri, where the Sealdah-bound 13174 Kanchanjunga Express collided with a goods train, an extensive investigation has been launched. The collision, which occurred at approximately 9 am on Monday near Rangapani station, resulted in the deaths of at least 8 people and injuries to over 20 others. The accident led to the derailment of two rear compartments of the Kanchanjunga Express, causing significant damage and sparking an urgent response from rescue teams. On the first day of the probe, 10 railway staffers provided their statements to the ..read more
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Amazon Enhances German Operations with €10 Billion Investment in Logistics and Cloud Services
Logistics Insider
by Karvi Rana
3d ago
Amazon announced plans to invest €10 billion in Germany to drive innovation and support the expansion of its logistics network and cloud infrastructure across the country. This investment will create 4,000 new jobs this year at three new fulfillment centers: one in Horn-Bad Meinberg (North Rhine-Westphalia) opening in late summer 2024, one in Erfurt (Thuringia) which opened in May 2024, and one in Großenkneten which opened in August 2023. These new jobs will bring Amazon’s total number of permanent employees in Germany to over 40,000 by the end of the year, providing diverse roles across more ..read more
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Cabinet Greenlights the Development of INR 76,200 Crore Greenfield Port at Vadhavan, Maharashtra
Logistics Insider
by Karvi Rana
3d ago
The Cabinet has approved the development of a major greenfield port at Vadhavan in Maharashtra, which will be a crucial part of the India-Middle East-Europe Economic Corridor (IMEEEC). The port’s strategic location near international trade routes and its capacity to accommodate large mother vessels will attract an investment of approximately Rs 76,200 crore, with an additional Rs 4,000 crore allocated for building road and rail connections. Union I&B Minister Ashwini Vaishnaw announced that the port, once operational, will double the nation’s container handling capacity. The Vadhavan port ..read more
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Panama Canal Averts Crisis, Increases Vessel Traffic Amid Rising Water Levels
Logistics Insider
by Karvi Rana
4d ago
The Panama Canal has successfully averted a shipping crisis that threatened to disrupt $270 billion in global trade annually through strategic water management and some favorable conditions. Last year, a severe drought forced the Panama Canal Authority to reduce the daily vessel limit to 22, about 60% of its normal capacity, leading to lengthy wait times and high costs for shippers. Recently, with rising water levels, the authority announced an increase in the daily vessel limit to 34, approaching the pre-drought cap of 38, significantly reducing wait times to less than two days. If current ra ..read more
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