Draper Associates invests in Logic, pioneers in reshaping logistics
Draper Associates, a leading venture capital firm, has announced a strategic investment in Logic, the innovative logistics automation company at the forefront of reshaping the…
India closer to agreement with Tesla to import EVs, set up plant
India is closing in on an agreement with Tesla Inc. that would allow the US automaker to ship its electric cars to the country from…
ATA Truck Tonnage Index increased 1.1% in October
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.1% in October after declining 1.1% in September. In October, the index equaled…
Seats become sneakers in Emirates’ $2 billion A380 jet retrofit
Unlike any other airline on the planet, Emirates made the Airbus SE A380 jumbo jet a cornerstone of its fleet. The Dubai carrier still operates…
South Korea’s early exports data point to continued recovery
South Korea’s early trade data show exports are likely to maintain their growth momentum this month, continuing their rebound from a year-long slump and helping…
Nigeria revives oil tanker tax issue that drove up freight rates
Nigeria again demanded that shipping companies pay outstanding tax bills totaling millions of dollars, reviving a dispute that triggered a spike in freight costs and…
Damen Shipyards signs contract with Ta San Shang Marine Co. Ltd to supply a new construction service operation vessel
On the 21st of November, Damen Shipyards signed a contract with Ta San Shang Marine Co. Ltd. (TSSM), a joint venture between Mitsui O.S.K. Lines,…
NAI DiLeo-Bram & Co. arranges two industrial property sales totaling $15.45M / 77,000 SF in Middlesex County, NJ
East Brunswick & Piscataway light industrial buildings offer exceptional connectivity
Global shipping’s $3.6 billion carbon bill is six weeks away
Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s almost certainly going…
Mersin International Port launches USD 455 million capacity increase project under the motto ‘Together for Mersin’
On 17 November 2023 Mersin International Port Management Inc. (MIP), a joint venture between PSA International, Akfen and IFM, launched its USD 455 million East…
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