The Orient Overseas Container Line (OOCL) recently named "OOCL Portugal," the twelfth and final vessel in its 24,188 TEU series. This landmark event is not just significant for OOCL but for the entire maritime industry. It represents a crucial step forward in eco-friendly, efficient maritime
The logistics sector at Chittagong Port experienced a significant transformation recently, marked by a notable 25% reduction in operational costs following the departure of transportation syndicates. This decline in costs is not just a number on a balance sheet but a change with profound
Saudi Arabia has made remarkable strides in advancing its maritime sector, closely aligning these efforts with the nation's Vision 2030 and the National Industrial Strategy. Through strategic investments and global partnerships, the Kingdom has committed over SR25 billion ($6.66 billion) to
In a significant move that underscores its commitment to bolstering global trade, Danish shipping giant Maersk has announced a $250 million investment to develop the largest single-site logistics and services facility in the Middle East at Saudi Arabia's Jeddah Islamic Port. This ambitious project
The Container Corporation of India (CONCOR) is embarking on a series of strategic initiatives aimed at significantly optimizing logistics efficiency across the country. Key among these initiatives is the increase in direct port delivery (DPD) movements from ports to the hinterland, which is a
In a significant strategic move, Maersk has announced a $250 million investment in a comprehensive logistics park at Jeddah Islamic Port in Saudi Arabia, marking an essential step for the Middle Eastern logistics sector. This expansive initiative aligns seamlessly with Saudi Arabia's Vision 2030,
