Globalization continues to reshape industries across the globe, and the maritime freight transport market stands poised for significant growth. Valued at $371.9 billion in 2023, the market is projected to soar to $552.1 billion by 2033, driven by accelerated international trade, technological
The surging demand for shipping containers has been largely driven by extended voyages from Asia to the US and European markets following the Red Sea crisis. Initially resulting in an oversupply, this crisis has now morphed into a significant shortage, as longer trade routes require more containers
For the first time, the Indian government is adopting the Hybrid Annuity Model (HAM) for the development and maintenance of dredging, offshore reclamation, and shore protection works at Vadhavan Port. This venture, undertaken through a public-private partnership (PPP), has attracted heavyweights
Maritime Transport, a leading logistics firm, has successfully opened a significant new shipping container storage site at the Port of Liverpool, marking a major milestone in its expansion efforts. Spanning 10.4 acres, this state-of-the-art facility is capable of storing up to 2,000 twenty-foot
The strategic acquisition of the U.K.-based logistics operator Maritime Group by Medlog, a subsidiary of MSC Mediterranean Shipping Company, finalized on September 2, 2024, promises to reshape the landscape of the U.K. logistics industry. This significant transaction not only marks a milestone in
Kerala is on the brink of unveiling its new Logistics Parks Policy, a transformative initiative aimed at enhancing the state’s logistics infrastructure while aligning with India's larger maritime strategy. This policy is anticipated to bring significant improvements in terms of efficiency,
