Zomato, Swiggy under regulatory scanner
5 April 2022 10:44 AM ISTCompetition Commission probing irregularities including preference for own partners and commissions as high as 24%.
Agility-Menzies agree on £571mn deal, shareholders get £6.08/share
30 March 2022 4:34 PM ISTMenzies-NAS revenue was more than $1.5bn 2021; to have approx 35,000 employees with presence at more than 250 airports
Maersk ship drops 90 containers in "very serious incident"
24 March 2022 9:36 PM ISTApproximately 100 other containers were damaged while no crew members were injured.
Drewry's WCI drops 4%; spot rates continue rally, says Xeneta
24 March 2022 6:59 PM ISTThe World Container Index, however, remains 74% higher than a year ago.
U.S. Senate debates Shipping Act; WSC says address supply chain woes
23 March 2022 1:15 PM ISTAmericans continue to import goods at record levels; ports and landside workforce unable to process cargo: WSC
Zomato promises 10-min food delivery; Can Blinkit model work here?
22 March 2022 12:56 PM ISTZomato's finishing stations will house bestseller items based on demand predictability and hyperlocal preferences.
White House initiates FLOW for supply chain data sharing
17 March 2022 5:08 PM ISTPlan includes 18 participants across the supply chain including trucking, warehousing, logistics companies and ports.
Big carriers get significant tonnage tax advantage
15 March 2022 8:41 PM ISTHapag-Lloyd had a tax benefit of $10.7/TEU, translating to an advantage of $127 million.
Hapag to lease 6 14,000 TEU vessels from SFL Corporation for $540mn
15 March 2022 12:08 PM ISTWe have added more than $1 billion to charter backlog during Q12022: Ole B. Hjertaker, CEO, SFL Management AS.
China lockdowns to hurt supply chains more than #russiaukraine crisis
14 March 2022 3:28 PM ISTLockdowns in 19 provinces (Shanghai, Guangzhou..), as of Sunday, will restrict container movement at these ports heavily.
APM Terminals exits Russia ports biz
11 March 2022 9:48 PM ISTThe key promoters of Global Ports - Delo Group and APM Terminals - hold equal stake of 30.75 percent.
Hapag-Lloyd expects solid 2022, lists Covid, Ukraine as uncertainties
10 March 2022 3:32 PM ISTHapag is anticipating that the strained situation in the global supply chains will ease in the second half of the year
