The Indian government’s ambitious push to boost the domestic shipbuilding industry, announced in the Union Budget, is already drawing international interest, with South Korea stepping forward to collaborate on key initiatives. The Korea Marine Equipment Association (KOMEA), a Seoul-based non-profit under South Korea’s Ministry of Industry, Trade and Energy, has offered its support to Indian shipyards for joint vessel design and construction, modernisation of shipyard production facilities, and technology transfer to enhance manufacturing processes, according to multiple sources. KOMEA, which represents major Korean shipbuilding and ship repair enterprises—including HD Hyundai Heavy Industries, Hanwa Ocean (formerly Daewoo Shipbuilding and Marine Engineering), and Samsung Heavy Industries—has formally pledged to provide highly qualified specialists for on-site education and training. The association also aims to develop joint educational programs, supply industrial equipment for modernising Indian shipyards, facilitate technology transfer, and support the localisation of marine equipment and spare parts. Founded in 1980, KOMEA has been instrumental in promoting South Korean marine equipment manufacturers globally and currently has a membership base of 304 entities involved in shipbuilding, design, and repair. The association operates in eight countries, including China, Japan, Singapore, the United States, Greece, Saudi Arabia, Brazil, and Russia. With plans to expand its footprint in India, KOMEA sees the country as a strategic partner in advancing shipbuilding capabilities under a bilateral cooperation framework. “Building strong cooperative relationships between South Korean entities and Indian shipyards could significantly contribute to the growth of the shipbuilding industry in both nations,” a KOMEA official stated. “With over four decades of experience, KOMEA and its members can provide effective solutions to challenges in the shipbuilding sector within a short timeframe.” The Union Budget, presented by Finance Minister Nirmala Sitharaman, earmarked ₹25,000 crore for the Maritime Development Fund (MDF) and introduced a revamped shipbuilding financial assistance policy to counter cost disadvantages. Additional measures include credit incentives for shipbreaking at Indian yards to promote a circular economy and granting infrastructure status to large ships above a specified size. The government also announced plans to develop shipbuilding clusters with enhanced infrastructure, skilling initiatives, and technological advancements to strengthen the industry’s ecosystem. A significant boost for shipbuilders came with the extension of the exemption from Basic Customs Duty (BCD) on raw materials, components, consumables, and parts used in ship manufacturing. This exemption, originally set to expire, will now be extended for another ten years from April 1, 2025. Ahead of the budget announcement, high-level delegations from the Ministry of Ports, Shipping, and Waterways, along with representatives from the private shipbuilding sector, visited leading shipyards in South Korea and Japan. These visits were aimed at forging partnerships and leveraging global expertise to strengthen India’s shipbuilding industry. With South Korea now expressing formal interest in collaboration, the stage is set for India to accelerate its shipbuilding ambitions and emerge as a formidable player in the global maritime sector. Source: ET Infra
Tata Steel has become the first Indian company to develop pipes specifically designed for transporting hydrogen, marking a major milestone in the country's transition to clean energy. The company’s hydrogen-compliant API X65 pipes were processed at its Khopoli plant using steel produced at its Kalinganagar facility, meeting all critical requirements for safe and efficient hydrogen transportation. By managing the entire production chain—from designing and manufacturing hot-rolled steel to fabricating the pipes—Tata Steel has reinforced its expertise in building essential energy infrastructure. This achievement builds on its 2024 milestone when it became the first Indian steel manufacturer to produce hot-rolled steel for gaseous hydrogen transportation. The hydrogen qualification tests for these newly developed pipes were conducted at RINA-CSM S.p.A in Italy, a globally recognised agency for hydrogen-related testing and certification. The pipes have successfully undergone tests for transporting 100 percent pure gaseous hydrogen at high pressures of up to 100 bar, positioning Tata Steel as a key player in supporting the evolving hydrogen economy. Prabhat Kumar, Vice-President - Marketing & Sales (Flat Products) at Tata Steel, underscored the company’s commitment to innovation in steel manufacturing. "Tata Steel has always been at the forefront of developing advanced steel grades. The successful testing of these ERW pipes highlights our ability to support the energy sector. We are proud to contribute to India’s National Hydrogen Mission, which is a key part of the country’s clean energy transition," he said. He further added that Tata Steel is well-positioned to meet both domestic and global demand for specialised steel pipes used in hydrogen transportation. India’s National Hydrogen Mission aims to produce at least 5 million metric tonnes (MMT) of Green Hydrogen annually by 2030, with the potential to reach 10 MMT per annum to meet export demands. Achieving this ambitious target requires substantial investment in hydrogen generation and transportation infrastructure, including the development of hydrogen-compatible steel pipelines. With the demand for hydrogen-compliant steel expected to rise from 2026-27, industry projections indicate a total requirement of 350,000 tonnes of specialised steel over the next five to seven years. While multiple methods exist for transporting hydrogen, steel pipelines remain one of the most cost-effective solutions for large-scale distribution, ensuring efficiency and safety in India's evolving clean energy landscape.
The South East Central Railway (SECR) has reached a significant milestone in its electrification drive, marking a major step toward energy-efficient and environmentally sustainable railway operations. As part of its commitment to modernising infrastructure and reducing carbon emissions, SECR has successfully completed the electrification of 6,900.93 track kilometers (TKM) to date. Established on April 1, 2003, SECR has consistently prioritised sustainable rail operations, accelerating electrification efforts across its key divisions—Bilaspur, Raipur, and Nagpur. The electrification journey in the zone dates back to January 19, 1970, when work commenced on the Jharsuguda-Raigarh section. Notably, SECR became the first zone in Indian Railways to implement the advanced 2x25 kV AT-AEC-BEC overhead traction system, which was commissioned on December 14, 2024, in the Bhanupratappur–Antagarh section. The commissioning of the first 3-phase electric locomotive twin EF-12K in Bhilai on November 26, 2023, further underscored the railway’s commitment to adopting cutting-edge technology. Electrification has significantly reduced SECR's reliance on fossil fuels, with electrical energy consumption in 2023-24 reaching 1,859.19 million units. This shift has enhanced operational efficiency while lowering carbon footprints. Additionally, the newly electrified corridors have boosted freight movement, particularly for coal, iron, and other key commodities, strengthening industrial supply chains and contributing to economic growth. SECR is also focusing on integrating renewable energy sources as part of its long-term sustainability strategy. In a momentous initiative celebrating 100 years of electric rail travel in India, a special 3-phase electric locomotive service will operate on February 3, 2025, along the Bhanupratappur-Antagarh section in Chhattisgarh. SECR’s electrification efforts align with Indian Railways' broader mission to achieve ‘zero carbon emissions,’ paving the way for an environmentally responsible and energy-efficient rail network. Source: TOI
Jupiter Electric Mobility has announced a strategic partnership with Porter to accelerate the transition to electric vehicles (EVs) in the logistics sector. This collaboration centres on Jupiter’s Udaan programme, which supports small entrepreneurs and drivers in adopting electric commercial vehicles. Through the initiative, participants will gain access to professional training, EV resources, and comprehensive business support via Jupiter’s dealership network. Under the partnership, drivers and small business owners purchasing Jupiter’s electric commercial vehicle, the Tez, will receive mentorship to scale their operations efficiently. Porter will play a vital role in onboarding these drivers, ensuring their integration into the burgeoning electric logistics ecosystem. Together, the companies aim to address economic barriers to EV adoption while fostering sustainability within the sector. Tanuj Khandelwal, Vice President at Porter, emphasised that the alliance aligns with their mission to empower logistics professionals and contribute to a greener future. Similarly, Jupiter Electric Mobility, a subsidiary of Jupiter Wagons Ltd, highlighted that the programme is designed to enhance drivers’ earnings and promote eco-conscious operations. Porter’s extensive network, comprising over 7.5 lakh drivers across 22 cities, will enable the widespread rollout of the Udaan programme. This partnership represents a pivotal step toward integrating EVs into India’s logistics framework, demonstrating that environmental sustainability and economic growth can coexist. As India increasingly turns to sustainable practices to combat carbon emissions, this collaboration exemplifies how cross-industry partnerships can accelerate green mobility solutions. Jupiter and Porter’s efforts could inspire a broader shift in the logistics industry, making eco-friendly operations the norm rather than the exception.
Arkas Line is expanding its international service network as part of its 2025 growth strategy. Building on its recent Red Sea expansion, the company is launching the "India Med Service (IMS)," its first direct route connecting India to the Mediterranean. From February 10, 2025, the IMS will send four vessels with a capacity of 2,500-2,800 TEU. By June 2025, the service will run weekly with five vessels. The route will cover major ports, such as Ambarli, Nhava Sheva, Mundra, and Alexandria. Customers will also benefit from rail connectivity at India's Mundra and Nhava Sheva ports to transport cargo to inland trade centers. Furthermore, Arkas Line is restructuring its Mediterranean operations by integrating its current GPS, EMS, and SEM routes into a streamlined "Blue Med Service (BMS)." This integrated service will improve efficiency in its Mediterranean network while increasing the company's coverage to 72 ports in 27 countries through 33 service routes. About its commitment to further global growth, Arkas Line CEO Can Atalay said, "With the launch of IMS and the strengthened BMS, we are firmly committed to offering efficient solutions that cater to evolving customer needs and consolidate our presence in key markets.
In an initiative to support the Micro, Small, and Medium Enterprise (MSME) sector, sKart Express, a leading technology-driven logistics service provider, has announced the launch of the SKart Express digital sales portal designed to simplify and streamline access to a wide range of services tailored for MSMEs. sKart Express has strategically designed offerings to provide customised solutions tailored to the unique needs of MSMEs. It utilises a combination of owned, leased, and franchised assets. It offers a comprehensive suite of services, including commercial, express, cross-border, and reverse logistics, across the B2B, B2C, and social commerce sectors. Key Features of the SKart Express portal: Comprehensive Services: The sKart platform integrates a diverse array of service providers, delivering many delivery options through an advanced synergy of technology, data analytics, cultural insight, and operational excellence. This integration ensures that sKart offers exceptional, reliable service that gives customers trust and satisfaction. User-friendly interface: the sKart Global Express Digital Sales Portal is designed to make navigation a breeze for MSMEs, ensuring a seamless onboarding and usage experience. This feature aims to make MSMEs feel at ease and comfortable while using the platform. sKart tailored packages are designed to meet MSMEs' diverse needs and budgets, providing cost-effective solutions that instill financial confidence. This emphasis on cost-effectiveness is intended to make MSMEs feel financially secure when using sKart services. Accessibility: Cloud-based software allows businesses and individuals to access it anytime and anywhere, promoting operational efficiency 365 days a year and 24/7. This stress on cloud-based accessibility is meant to make MSMEs feel empowered and in control of their operations. Yashpal Sharma, MD of Skyways Group, said: "MSMEs are the backbone of our economy, yet they often face challenges in accessing essential services and resources. sKart Global Express is our solution to bridge this gap, providing an integrated platform where businesses can find everything they need to succeed. This launch marks a step forward in our mission to empower MSMEs through innovation and technology." The platform is live and open to MSMEs across the country. Businesses can visit https://booking.skart-express.com/register to sign up and start leveraging the power of sKart Global Express today.
Tamil Nadu’s V O Chidambaranar Port, a leading maritime gateway, is steering towards a green future with investments worth ₹41,860 crore to position itself as India’s Green Hydrogen-Ammonia Hub. The ambitious initiative was unveiled as the Port also announced significant strides in cargo handling, underlining its strategic importance to South India’s logistics landscape. Having handled 29.70 million tonnes of cargo and 5.62 lakh TEUs (Twenty-foot Equivalent Units) of containers up to December 19, 2024, the Port has recorded an overall growth of 1.87% in cargo and 6.74% in container handling. Port Chairperson Susanta Kumar Purohit emphasised the strategic advantages of V O Chidambaranar, highlighting its position near the East-West International sea route, efficient turnaround times for container ships, and seamless connectivity via road and rail. He stated, "VOC Port is poised to emerge as the gateway port of South India, driving regional and national growth through forward-looking investments and capacity-building initiatives." As part of its green energy mission, the Port has allocated 501 acres of land to four companies for developing Green Hydrogen-Ammonia manufacturing and storage facilities. The pilot project demonstrating green hydrogen production, storage, and power generation using fuel cells is on track for completion by January 2025. Additionally, a pilot bunkering project will showcase capabilities for green hydrogen refuelling and bunkering operations. In line with its capacity augmentation plans, VOC Port is widening its entrance channel from 152.40 metres to 230 metres to accommodate larger vessels. It has also announced the construction of a 440-metre-long Berth 10 at a cost of ₹80 crore for bulk cargo ships and new infrastructure to handle smaller vessels by mid-2025. The transformative vision of V O Chidambaranar Port underscores its pivotal role in advancing India’s green energy transition and cementing its place as a logistics powerhouse in the region.
In a significant stride toward sustainable development in India's logistics and warehousing sector, the International Finance Corporation (IFC) has invested $75 million (INR 6,300 million) in NDR InvIT’s Sustainability-Linked Bond (SLB). Sponsored by NDR Warehousing Private Limited, this marks the first SLB issuance by a warehousing Infrastructure Investment Trust (InvIT) in India and sets a national precedent for sustainable investments. The funding will support NDR InvIT’s expansion, focusing on modernising infrastructure and achieving sustainable milestones, such as IFC’s EDGE Certification, aimed at reducing greenhouse gas emissions and water consumption. The initiative aligns with India's growing warehousing demand, driven by the rise of e-commerce and manufacturing, with warehouse space projected to grow from 300 million square feet in FY23 to 500 million square feet by 2030. Amrutesh Reddy, Director of NDR InvIT Managers, emphasised the pioneering nature of the initiative, stating, “This partnership with IFC underscores our commitment to innovation, sustainability, and economic growth in India’s logistics sector. By adopting global standards and resource-efficient operations, we aim to meet growing warehousing demand and contribute to India’s climate goals.” IFC’s Regional Director for South Asia, Imad Fakhoury, added, “This initiative will enhance market competitiveness, attract global capital, and bolster India’s logistics infrastructure while addressing climate objectives. Through green solutions, we are shaping a resilient and sustainable future for India’s supply chain.” In addition to financial investment, IFC will offer technical support for achieving environmental and social governance targets, such as gender-inclusive practices through the India Gender Collaborative. This investment positions India’s warehousing sector as a global leader in sustainable logistics.
The Vizhinjam International Port was formally inaugurated after a successful five-month trial period with great fanfare and celebration last week for full-fledged commercial operation. This port's first phase has been completed due to effective team effort among Vizhinjam International Seaport Ltd, Adani Vizhinjam Port Private Ltd, and agencies like IIT Madras. All agreed procedures have been finalised and the work may begin operations. "Wednesday, an independent engineer is going to issue a provisional completion certificate for the first phase of construction after examining it," said the Minister. The remaining minor work could be done in three months without hindering the continued operations. The formal commissioning was carried out as per the supplementary concession agreement signed recently between the state government and Adani Ports. In its trial run, the port performed remarkably well by successfully handling 70 cargo ships, including ultra-large mother ships, and handling a total of 147,000 containers. By averaging one vessel every alternate day, the port confirmed its readiness to emerge as a major player in the handling of export-import (exim) containers. Vasavan underscored that "the port's operations will transform Kerala's international trade and drive substantive economic growth for the state."
US-based private equity giant Blackstone Group has acquired 5 million sq ft of operational and leased warehousing assets from LOGOS India for over ₹1,725 crore, reinforcing its dominance in India’s logistics and supply chain sector. The assets, located in Chennai and Luhari, Haryana, boast an impressive occupancy rate exceeding 95% and yield approximately ₹125 crore in annual rent, according to sources cited by The Economic Times. This strategic acquisition highlights Blackstone’s commitment to expanding its footprint in India’s logistics market, which has seen robust growth driven by demand for Grade-A assets managed by institutional players. The Chennai assets are in prominent industrial corridors such as Irungattukottai-Poonamallee-Sriperumbudur (IPS) and Oragadam-Maraimalai Nagar (OMM). Following this deal, Blackstone is now the largest owner of logistics assets in India, with a portfolio spanning 55 million sq ft in under four years. These assets provide secured rental cash flows and cater to a diverse tenant base across sectors including third-party logistics, automotive, renewable electronics, and ecommerce. Key tenants include industry leaders such as Mahindra Logistics, Delhivery, HealthKart, Kuehne + Nagel, and Iron Mountain. LOGOS India, a prominent player in the Indian logistics sector, has monetized nearly 5 million sq ft of its 5.5 million sq ft operational portfolio. The company is simultaneously developing an additional 5 million sq ft of warehousing assets across key cities, reflecting the sector’s ongoing evolution. This transaction underscores the surging investor interest in India's logistics and warehousing market, supported by growing ecommerce penetration and supply chain modernization. Source: The Economic Times
Cargo traffic at India's major ports declined by 4.95% during the month of November to total 67.53 million tonnes. The figure is less than what was recorded for the same month last year when the traffic had stood at 71.05 million tonnes, as per the data released by the Indian Ports Association (IPA). Among the 12 major ports controlled by the central government, two were exceptions- Jawaharlal Nehru Port Authority (JNPA) and Deendayal Port. Both the ports registered growth figures. JNPA, which is the country's largest container port, witnessed a huge growth of 12.34% in cargo traffic. Deendayal Port also managed to clock a good year-on-year growth of 10.10%. Still, however, during this period, a majority of other ports faced heavy declines. Mormugao port, for example, declined drastically in this period and had an aggregate decline measured at 29.64%. New Mangalore port was seen to have followed with a decline but considered relatively minor in terms of cargo volume handled with its decline estimated at 19%. Moreover, other main ports in the regions, including Chennai, Visakhapatnam, and Mumbai, experienced traffic declines that were experienced during November when measured against the same month in previous years. India's major ports, which include a number of key locations such as Deendayal, formerly Kandla, along with Mumbai, JNPA, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar, also known as Ennore, VO Chidambarnar, Visakhapatnam, Paradip, and Kolkata, which includes Haldia, are critical in handling much of the country's maritime trade activities. The overall decline that has been seen in cargo traffic is indicative of wider economic trends and reflects a number of challenges that are currently faced within the logistics sector.
CMA CGM have moved to the front rank of major carriers in reverting to the traditional - and considerably shorter - Suez Canal route that most vessels deserted at the end of 2023 due to the Red Sea crisis. The Marseille-based carrier's Indamex service between West India and North America – arguably the most sought-after network by exporters on the trade lane – is set to resume operating on its full port rotation via the Suez, which will include calls to Jeddah, Saudi Arabia, and Damietta, Egypt, in both directions, as well as Tanger Med, Morocco, on the westbound leg. The Indamex service schedules, CMA CGM will reroute its Indian Subcontinent-US east coast Indamex service via Suez from mid-November. The liner analyst said it expected the revised Suez routing to begin with the 9,700 TEU CMA CGM Pellas, scheduled to depart Pakistan's Port Qasim on 13 November. However, the latest AIS reading of the vessel confirms that it is still en route to Port Qasim and seems likely only to arrive on the day it is due to leave. Whatever, diversion of the service via the Red Sea and through the Suez Canal will reduce the round-trip voyage time of the service by seven days – from 12 to 11 weeks – and also reduce the requirement of one vessel less on the loop, again from 12 to 11. According to Alphaliner, for instance, both the Indamex and BEX2 services only run with CMA CGM tonnage. However the eeSea liner database reports that Cosco, OOCL and Evergreen are minor vessel providers on these services. While the Indamex service does not call the Lebanon port directly it is likely to emerge as a transhipment point for Lebanese cargo via Damietta in Egypt.
SAS Shipping Agencies Services, a wholly-owned subsidiary of MSC Mediterranean Shipping Company, has finalised a deal to acquire a 56.47 percent stake in Brazilian port operator Wilson Sons for a total cash consideration of Brazilian Real (R$) 4.3 billion (approximately $783 million). This strategic acquisition marks a significant move in the logistics sector, further consolidating MSC’s position in the Latin American market. According to a regulatory filing by Wilson Sons, the transaction involves a share purchase agreement between OW Overseas (Investments), the controlling shareholder, and SAS Shipping Agencies Services Sàrl. Ocean Wilsons Holdings, the ultimate parent company of the seller, will act as a guarantor for the transaction. The agreement entails the purchase of all 248,664,000 common shares held by the seller, which represents 56.47 percent of the company's total and voting capital stock. The share price is set at R$17.50 per share, resulting in a total cash consideration of R$4.352 billion. Completion of the transaction is expected in the second half of 2025. Upon closing, SAS Shipping Agencies Services is required by law to launch a public tender offer for the remaining shares issued by Wilson Sons, offering the same price and terms extended to the seller. This move is anticipated to enhance shareholder value and further integrate the operations of Wilson Sons under the MSC umbrella. Wilson Sons has recently reported a robust performance, with revenue increasing by 15 percent to $262 million for the first half of 2024. Its EBITDA also saw a 12 percent rise, reaching $111 million. Notably, the company's container terminal division experienced a remarkable 47 percent surge in EBITDA, attributed to significant growth in transshipment and gateway volumes, increased revenues from ancillary services, and improved fixed cost dilution. The aggregate volumes at Wilson Sons reached an all-time high, rising 25 percent due to strong performances across both terminals. For the first three quarters of 2024, Wilson Sons' container terminals reported a 30 percent increase in volume, totaling 360,900 TEUs, while the nine-month figures reached 972,700 TEUs, reflecting a 22 percent growth. This acquisition not only underscores MSC's expansion strategy but also positions Wilson Sons for future growth amid an evolving logistics landscape in Brazil and beyond.
TVS Industrial & Logistics Parks (TVS ILP) has made a strategic entry into the Indore market by acquiring 20 acres of prime land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC). The company plans to invest Rs 200 crore in developing a cutting-edge logistics park to cater to the growing demand for top-tier warehousing in the region. This development is expected to generate over 1,000 jobs for the local community, boosting employment opportunities in and around Indore. Situated just 25 kilometres from the city centre, the logistics park will be well-connected via the Indore-Ahmedabad NH-47 highway, establishing Pithampur as a critical logistics hub. TVS ILP aims to strengthen its presence in India’s industrial and logistics sector, particularly in Tier 2 and 3 markets, by offering world-class infrastructure. “Indore’s central location in India allows for seamless movement of goods across the country, providing businesses with a robust supply chain network,” the company stated. Indore’s prominence in automotive, engineering, textile, and manufacturing sectors, combined with a rising demand for high-quality infrastructure, makes it an ideal location for this investment. Dr. Ramnath Subramaniam, CEO of TVS ILP, emphasised the strategic importance of this expansion, saying, “Madhya Pradesh has immense potential to become a logistics hub due to its location and connectivity. Our entry into Indore aligns with TVS ILP’s vision of leading the industry in tech-enabled infrastructure solutions.” The logistics park will target industries such as e-commerce, retail, and FMCG, offering state-of-the-art, compliant storage facilities to meet their growing needs.
The Port of Los Angeles achieved a record-breaking performance in September 2024, handling 954,706 Twenty-Foot Equivalent Units (TEUs), marking a 27% increase over the same period last year. This milestone also capped the busiest quarter in the Port's history, with 2,854,904 TEUs processed over the past three months. As of September 2024, the Port is running 18% ahead of its 2023 pace, signaling robust growth in cargo volumes. This achievement is attributed to the seamless collaboration between longshore workers, truckers, terminal and rail operators, and other supply chain partners, as highlighted by Gene Seroka, Executive Director of the Port of Los Angeles. "Their hard work has allowed us to achieve all these records and still be able to handle additional volume," said Seroka, emphasising the importance of efficient cargo management. At a media briefing, Seroka was joined by Matt Shay, President and CEO of the National Retail Federation, who addressed the impact of recent labor disruptions on the East and Gulf Coasts, particularly on retailers, as well as the outlook for supply chain operations in the fourth quarter of 2024. In September alone, the Port processed 497,803 TEUs in loaded imports, a 26% year-on-year increase. However, loaded exports saw a 5% decrease, coming in at 114,702 TEUs. The processing of empty containers saw a notable 45% rise, with 342,201 TEUs handled during the month. Cumulatively, the Port has moved 7,586,395 TEUs in the first nine months of 2024, reflecting an 18% increase compared to 2023, reinforcing the Port of Los Angeles’ position as a key player in global trade logistics.
A.P. Moller - Maersk celebrated a significant milestone today with the naming ceremony of its latest dual-fuel methanol container vessel, Alexandra Maersk, at the Port of Felixstowe, England. This impressive 16,000 TEU vessel marks the fifth in the company’s series of dual-fuel methanol ships and the sixth introduced to the Maersk fleet in just over a year. During the ceremony, UK Maritime Minister Mike Kane expressed his enthusiasm, stating, “It’s a privilege to join the naming ceremony for the Alexandra Maersk – one of the first container vessels to run on green methanol. This innovation is essential for delivering a greener, cleaner maritime sector that benefits both people and the planet.” Alexandra Maersk follows her sister ships, including Ane Maersk, which was named in January, and Astrid Maersk, launched in April. The naming convention pays homage to the company’s heritage, as Alexandra Maersk is named after Alexandra Mærsk-Møller, the sister of the founder A.P. Møller. These new methanol-enabled vessels are central to Maersk’s ambitious decarbonisation strategy, as low-emission methanol can cut greenhouse gas emissions by 65 to 90 percent compared to traditional fossil fuels. However, Maersk faces ongoing challenges in establishing a robust methanol supply to support its expanding fleet. The company has ordered a total of 12 methanol vessels from HD Hyundai in South Korea, each with a 16,000 TEU capacity, alongside additional orders for 17,000 TEU and smaller 9,000 TEU dual-fuel vessels. Additionally, the recent participation of Alette Maersk in Japan’s first methanol bunkering simulation highlights Maersk’s commitment to developing methanol bunkering solutions, paving the way for a more sustainable shipping industry.
Shipping intelligence platforms Xeneta and eeSea have joined forces to enhance visibility into pro-forma transit times, marking a significant development in the logistics industry. This partnership will integrate eeSea's scheduling intelligence with Xeneta's robust ocean and airfreight rate data, providing a comprehensive view of shipping performance for shippers, freight forwarders, and carriers. By incorporating port-to-port transit times within Xeneta’s platform, users will gain access to vital scheduling intel that connects transit times with fluctuations in freight rates. This integration aims to enhance visibility into the dynamics between pro forma transit times and ocean freight rates, allowing stakeholders to make more informed decisions. Key benefits of this collaboration include: - Introduction of Port-to-Port Transit Times: Users will now have access to essential transit time data directly within Xeneta’s platform, facilitating better logistical planning. - Pro Forma Transit Times at Port Pair/Carrier Level: This feature enables users to evaluate transit times based on specific port pairs and carriers, improving decision-making processes. - Enhanced Visibility: The partnership aims to provide clearer insights into how pro forma transit times influence ocean freight rates. - Improved Accuracy: With better data, shippers can predict transit times more accurately and understand their impact on freight costs. Thorsten Diephaus, Vice President of Strategic Alliances at Xeneta, emphasised the importance of connecting transit times with pricing, stating, “Incorporating eeSea’s pro forma and real-time transit time data into Xeneta will enable our customers to make more informed decisions.” Simon Sundboell, CEO of eeSea, expressed excitement about the partnership, noting that enhanced transit times and schedule reliability are critical for selecting carrier partners. This collaboration empowers cargo owners and logistics providers to make smarter choices throughout the shipping process, driving towards a more efficient and transparent global shipping ecosystem.
IndoSpace has announced plans to significantly boost its investments in Tamil Nadu, committing up to ₹4,500 crore for the development of new logistics and warehouse parks. This follows a previous memorandum of understanding (MoU) worth ₹2,000 crore with the Tamil Nadu government last year, reinforcing the company’s dedication to the state and the Make in India initiative. The newly planned parks aim to support the booming manufacturing sectors, particularly in the automobile and electronics industries, which have been rapidly expanding in Tamil Nadu. The investment is expected to create over 8,000 new jobs, fostering economic growth and enhancing the already robust industrial infrastructure of the state. Tamil Nadu has established itself as a favoured destination for global Original Equipment Manufacturers (OEMs), with major players such as Hyundai, Nissan, Foxconn, and Pegatron announcing significant expansions in the region. IndoSpace has been instrumental in developing an ancillary ecosystem that supports these OEMs, enabling seamless supply chain operations and accelerated industrial growth. With a portfolio of 15 Grade A parks, IndoSpace has developed over 8.8 million square feet of infrastructure in Tamil Nadu, with an additional 2 million square feet currently under construction and plans for 4.6 million square feet in the future. These parks span 649 acres and host 66 unique tenants across diverse sectors, including automotive, electronics, logistics, and engineering. To date, IndoSpace has committed a total equity of USD 380 million to the state, offering a potential chargeable area of 15.4 million square feet. Mr Rajesh Jaggi, Vice Chairman of Real Estate at The Everstone Group, stated, “Tamil Nadu’s industrial landscape has seen remarkable growth, and IndoSpace is proud to have played a key role in this transformation. Our ongoing investments and innovative infrastructure solutions, such as Plug-n-Play manufacturing facilities, are designed to help businesses thrive and drive the state’s economic development.” IndoSpace remains committed to supporting Tamil Nadu’s vision for industrial advancement and job creation, solidifying its position in the state's logistics and industrial ecosystem.
IBS Software, a leading provider of SaaS solutions to the global travel industry, has launched a Data & AI Center of Excellence (CoE), aimed at driving innovation and responsible AI adoption in the travel and hospitality sectors. The establishment of the Data & AI CoE reflects IBS Software’s commitment to applying advanced AI and data-driven technologies across its product portfolio to deliver cutting-edge solutions to its global customer base. The initiative will focus on identifying, prioritising, and enabling top AI use cases in collaboration with product teams and customers. The CoE will define responsible AI practices, focusing on user privacy, data security, and ethical considerations. George Varghese has been appointed as the new Head of the Data & AI Center of Excellence. Varghese brings over 25 years of expertise in data analytics, machine learning, and financial engineering to the role. He joins IBS Software after a career that spans roles in quantitative finance, algorithm development, and AI/ML deployment. Most recently, George led the AI/ML practice at Upskills Pte Ltd and co-founded Piquant Capital, a systematic hedge fund. “The travel industry has vast untapped potential for AI-driven innovation,” said George Varghese, Head of the Data & AI CoE at IBS Software. “Creating this new initiative will enable our teams and customers to work together to create meaningful, data-driven solutions that redefine travel and hospitality. Ensuring responsible AI usage while maximising its benefits will be at the core of what we do.” Based in Singapore, George will report to Chris Branagan, Chief Technology Officer of IBS Software, and lead the team AI practitioners, with plans for expansion as the CoE evolves. Chris Branagan comments: "AI holds tremendous potential to reshape the travel experience, but its success relies on trust and responsibility. At IBS Software, we are committed to ensuring that AI not only delivers efficiency and innovation but also adheres to the highest standards of privacy and security. George’s extensive experience and vision for responsible AI align perfectly with our strategy to drive industry-leading solutions."
Ashok Leyland, in collaboration with Billion Electric Mobility (a member of Group BillionE), officially flagged off the delivery of its electric truck models: the AVTR 55T Electric, BOSS 19T Electric, and BOSS 14T Electric. This milestone event marks the beginning of a significant partnership aimed at promoting electric mobility within India. The ceremony took place in the presence of key figures including Mr Shenu Agarwal, MD and CEO of Ashok Leyland, and Mr Kartikey Hariyani, Founder and CEO of Billion E-Mobility and ChargeZone. Notable attendees included Dr N. Saravanan, CTO of Ashok Leyland; Mr Sanjeev Kumar, President of HCV; and other prominent leaders from both companies. BillionE has made a substantial commitment by placing an order for 180 electric vehicles, including the BOSS Electric Truck and the AVTR 55T Electric Tractor. During the event, Mr Agarwal expressed pride in the partnership, highlighting the advanced features and superior performance of the new electric vehicles. The BOSS Electric Truck is notably the first electric truck in India's Intermediate Commercial Vehicle (ICV) segment, while the AVTR 55T Electric Tractor is recognised as the first 4x2 tractor offered commercially by an Indian manufacturer. Mr Hariyani emphasised the importance of this collaboration in building an integrated mid-mile Electric Truck Platform, reinforcing their commitment to a sustainable and eco-friendly transportation ecosystem. The newly launched vehicles are designed with advanced safety features, including Advanced Driver Assist Systems (ADAS), ensuring enhanced performance and efficiency. Equipped with dual-gun charging capabilities and IP67-rated battery packs for protection against dust and water, these trucks are tailored to meet the needs of modern logistics. The delivery of these advanced electric trucks represents a crucial step in Ashok Leyland’s mission to transform the commercial vehicle landscape in India, showcasing its dedication to innovation and sustainability while actively contributing to reducing the carbon footprint of the transportation sector.
L&T Precision Engineering and Systems, a division of India’s largest engineering firm, Larsen and Toubro Ltd., is setting its sights on a role in the supply chain for the next United States space station, as reported by PTI on Sunday, October 6. Vice President Vikas Khitha indicated that Indian firms are expected to contribute to the supply chain for this project. “Some remnants of that discussion continue till today but now with NASA. So, we are also hopeful that when the US requires its next space station, Indian firms will have a role to play in the supply chain,” Khita stated to the news agency. Following the trading session on Friday, Larsen and Toubro shares closed at ₹3,490.75, reflecting a slight decline of 0.23 percent from the previous close of ₹3,498.80. Khitha also mentioned the company’s ambitions to establish space ports, parks, and manufacturing hubs. These ventures are expected to gain momentum due to the government’s decision to open the space industry to private players in 2020. “In commercial terms, we are looking at a fivefold increase in turnover by 2033 in the space economy, with a significant portion of this growth anticipated from both upstream and downstream sectors,” he added. Previously, L&T engaged in talks with Jeff Bezos' Blue Origin for providing orbital launch capabilities and space habitat solutions, but those negotiations faced challenges. L&T is integral to the hardware production for every Indian Space Research Organisation (ISRO) project, including Chandrayaan, Gaganyaan, and the Mars Orbiter missions. In partnership with Hindustan Aeronautics Limited (HAL), the L&T consortium is also working on producing five Polar Satellite Launch Vehicles (PSLV), marking the industry's first venture into manufacturing rockets for ISRO. L&T Precision Engineering has expressed interest in the Small Satellite Launch Vehicle (SSLV), as ISRO prepares to transfer this new rocket technology to the private sector. India aims to capture approximately 8 percent of the global space market by 2033, with the global space industry projected to reach nearly $1.8 trillion by 2035. The Indian space economy is expected to grow to $44 billion, up from its current valuation of about $8.4 billion by 2033.
The Federation of Freight Forwarders’ Associations in India (FFFAI) held its 6th EC Meeting for the term 2021-23 on May 27 and 28 in Bengaluru. The meeting was attended by the Office Bearers and 28 Member Association representative of FFFAI from across the country, there were many issues discussed and updates provided concerning customs, CBLR, EDI, Service Tax/GST, logistics, air cargo, sea cargo, skill development,importance of social media which FFFAI has expanded recently, technology developments, etc. The special focus of the 6th EC meeting was the updates on forthcoming 24th Biennial Convention of FFFAI to be held from August 12 to 14, 2022 in Chennai with the theme LOGISTICS RESHAPE, EMBRACE AND SURGE IN THE DIGITAL ERA. At this EC meeting, FFFAI also implemented Digital Learning platform for members and next generation for e-learning. It has been decided that FFFAI would initiate FIATA eFBL here in India to benefit the trade, which empowers customs brokers, freight forwarders and logistics service providers. In addition, updates on the recently held FIATA HQ Meet was also provided by the concerned members of FFFAI. FFFAI members present at this EC meeting stressed upon enhancing productivity on ICEGATE for trade facilitation and Ease of Doing Business. The FFFAI members also urged for creating a dedicated portal for LSP integration. As regard to skill development initiatives, IIFF’s (training arm of FFFAI) past and forthcoming training programmes (both online and classroom/physical) for the entire logistics industry were presented at the EC meeting. In addition, FFFAI’s various initiatives on capacity building through technology/IT also discussed withadequate importance. Recent activities of FFFAI Women’s Wing including organising interactive meetings with Government of India officials and industry experts were highlighted at this meeting which drew huge appreciation from the members. The members committed to expand the activities of the Women’s Wing in all the 28 member association locations to empower/encourage the women logistics practitioners. At this EC meeting FFFAI has signed an MoU with the National Institute of Industrial Engineering (NITIE) with an objective of skilling the aspiring candidates looking for opportunities in the logistics sector. Notably, a special session was organised at this 6th EC Meeting where N Sivasailam, former Special Secretary (Logistics), Ministry of Commerce, Government of India was present to address the FFFAI members and highlight the recent initiatives of the government in strengthening the logistics infrastructure, thereby leading in increase of international trade through multimodal connectivity and faster cargo clearance. He projected the ambitious growth potential of the logistics industry in India with a strong collaboration between government and industry people. Also speaking on the occasion was Bani Bhattacharya, IRS, who interacted with members of FFFAI on various initiatives of CBIC for the trade facilitation without human intervention. FFFAI Chairman Shankar Shinde thanked all the 28 associations for their support and appreciated the contribution of CBIC/DG systems trade facilitation measures. FFFAI Member Associations are: 1. Ahmedabad Custom Brokers' Association2. Aurangabad Customs House Agents Association3. Association of Custom House Agents Thiruvanthapuram4. Bangalore Custom House Agents Association5. Brihnamumbai Custom Brokers Association6. Calcutta Customs House Agents Association7. Chennai Customs House Agents Association8. Cochin Customs Brokers' Association9. Coimbatore Customs House and Steamer Agents Association10. Custom Brokers Association Hyderabad11. Delhi Customs Brokers Association12. Goa Custom Brokers Association13.Indore Customs House Agents Association14. The Kakinada Customs Brokers Association15. Kandla Custom Brokers Association16. Kanpur Customs Brokers Association17. Ludhiana Customs House Agents Association18. Mangalore Customs House Agents Association19. Mundra Customs Brokers Association20. Nagpur Customs House Agents Association21. Nashik Customs House Agents Association22. Nadia Custom Brokers Association23. Pipavav Custom Brokers Association24. Pune Customs House Agents Association25. Rajasthan Customs House Agents Association26.Tuticorin Custom Brokers Association27.Visakhapatnam Cusotms Brokers' Association28.West Bengal Custom House Agents Society FFFAI welcomes Women in Logistics/Youth in Logistics to participate on FFFAI forums and also invites membership application form logistics service providers in industry as this is a big national and international forum to network.
Ecom Express Limited, India’s sole pure-play B2C e-commerce logistics provider as of the Financial Year 2024, has introduced a new brand identity, underscoring its commitment to customer-centricity. This rebranding reflects a focus on addressing specific customer needs, prioritising customer-facing metrics, and integrating innovative technology across its nationwide express logistics network. The goal is to enhance speed, agility, and network reach, ensuring a customer-focused approach. The rebranding includes a dynamic logo and a refreshed visual identity, symbolising Ecom Express’s pursuit of excellence. The new logo features a forward-moving arrow within a square, representing the company’s dedication to delivery. The letter "E" in the logo stands for Expression, Innovation, and Progress, while the bold magenta colour signifies bravery, self-expression, and strength. This vibrant magenta reintroduction reflects Ecom Express's renewed commitment to customers, partners, and team members, as the company aims to simplify and democratise logistics for all. Ajay Chitkara, CEO and MD of Ecom Express, elaborated on the transformation, stating, “Our refreshed brand identity reaffirms our customer-first approach as we continue to integrate technology and innovation to provide reliable, high-speed services with the widest network reach. This transformation also underscores our commitment to our employees and delivery partners, who are essential to our business.” The new logo embodies Ecom Express’s dedication to its core values, focusing on customer welfare and fostering a diverse, inclusive environment. This rebranding signifies a promise to redefine logistics through advanced technology, making life easier for all types of customers.
ESR India, the largest APAC focused industrial and logistics real estate platform, has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a potential investment of INR 550 crores. The MOU is signed for the launch of two industrial parks in Kancheepuram and Krishnagiri districts of the state over the next five years. Once fully operational, the two projects have the potential to create over 4,400 jobs in the facility, that shall boost the overall socio-economic growth in the region. The MoU was signed at the Investment Conclave 2021 conference held today. It will facilitate ESR India’s proposed investment at Kancheepuram and Krishnagiri industrial parks by helping in streamlining land acquisition, approvals, clearances, and administrative processes as per existing policies, rules, and regulations of the Government of Tamil Nadu. The policy and regulatory reforms unveiled in recent times has accentuated the entry of international institutional players and has set new benchmarks for industrial developments in the country. Commenting on the development, Abhijit Malkani, CEO and Country Head, ESR India said, “We are delighted to announce our affiliation with the state government. The Government of Tamil Nadu has been very supportive in encouraging industrial developments in the state by creating a favourable business climate for industrial players. The MoU will see ESR invest INR 550 crores to develop industrial parks in Tamil Nadu, offering 1,800 direct and 2,600 indirect job opportunities in the facility.” “Our goals are aligned with the vision of the Tamil Nadu government, to create avenues to increase business and trade inclusion opportunities and employment towards garnering better economic growth in the region,” he further stated. ESR India is currently present across 9 cities and 15 locations with a total GFA of 18 mn sq ft. These state-of-the-art facilities will be developed upholding the best practices for ESG and sustainability.
Mahindra World City Jaipur (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Ltd (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO) announced it concluded 26 new lease agreements between April 2021 and June 2022. The new signings included both new customers and expansion of facilities by existing clients, together leasing about 137 acres of land. In the same period, MWC Jaipur and its constituent units' aggregated investments crossed Rs 721 crores, and cumulative exports by MWC Jaipur exceeded Rs 15,930 crores, of which Rs 3,321 crores were in the last 15 months. Over these fifteen months, a total of 69 companies have completed their facility buildout at MWC Jaipur and become operational. The new entrants to MWC Jaipur represent a variety of sectors, like Logistics and Warehousing, IT & ITeS, Engineering, Furniture Manufacturing, Solar Energy, Gems and Jewelry manufacturing. The newly added roster of clients at MWC Jaipur includes Wipro Hydraulics, Shakti Hormann, Renew Photovoltaics, Kerakoll India, Normet, Gulmohar Lane Lifestyle, Manor & Mews, J Atelier Pink City, Kamal Coach Works, Maxop Engineering, amongst others. Rajaram Pai, Chief Business Officer – Industrial, Mahindra Lifespaces said, “MWC Jaipur today is home to prestigious domestic and international manufacturing companies from across the world, who have established a manufacturing base in India for the first time. Enabling business acceleration for customers has always been our focus. We continue to deliver the highest urbanisation standards by leveraging innovation, thoughtful design, and a deep commitment to sustainability. MWC Jaipur contributes towards generating incremental employment and income for the state while creating world-class infrastructure which would serve the nation for many years to come. We are glad to be the enablers of Make-in-India and Make-for-India.” Becoming a preferred destination of choice for over 121 global and domestic companies, MWC Jaipur is enabling business growth for customers by crafting a conducive environment, with robust infrastructure and facilities that propagate ease of doing business. Mahindra World City Jaipur is the first project in Asia to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group (C40), a global network of large cities taking action to address climate change. With a focus on climate-positive development, MWC Jaipur is continuing its efforts on integrating sustainability within the city. Green, integrated developments is continuously being upgraded to mitigate the impact of business operations on the environment. As of March 31, 2022, a total of 59,955 trees have been planted in government-approved forest areas and rural areas under the Mahindra Group’s flagship program – Hariyali. Around 11,100 trees have been planted within the industrial park.
The Uttar Pradesh government is set to develop a multi-modal logistics hub (MMLH) in Greater Noida’s Dadri, investing Rs 7,064 crore to support its $1 trillion economy goal. This hub will cover 823 acres, with a core development area spanning 455 acres. Key developments include commercial and administrative facilities over 17.5 acres, a rail yard, and other projects across 350 acres. Under Chief Minister Yogi Adityanath’s directives, a detailed action plan has been designed to expedite these initiatives. The Dadri MMLH aims to become a world-class freight handling facility, functioning as a dry port to ensure the swift transit of goods and raw materials. This project is poised to be India's largest logistics hub. Located on the eastern and western dedicated freight corridors, it will serve as a central hub for container handling, warehousing, cold storage, processing, de-stuffing, stuffing, and value-added packing. Providing seamless rail connectivity, the hub will feature rail platforms, customs clearance facilities, cargo segregation areas, truck parking zones, and extensive green spaces. The project is being developed under the Public-Private Partnership (PPP) model, supervised by the Greater Noida Industrial Development Authority and adhering to the guidelines of the National Industrial Corridor Development and Implementation Trust (NICDIT). The Greater Noida Industrial Development Authority has prepared the Master Detailed Project Report (DPR) for constructing the approach track and Rail Over Rail (ROR) bridge from New Dadri station to the MMLH boundary. The Dedicated Freight Corridor Corporation of India (DFCCIL) has approved the DPR for railway tracks and terminal stations within the MMLH. Additionally, the tender documentation for land acquisition and signaling processes for the approach track has been finalized. Concurrently, the development of trunk infrastructure, including boundary work, roads, canals, bridges, utility relocation, and water and power supply, is progressing through various phases.
