Rise and Shine!
Greetings Readers! 🙏🏼
Our supply chains are continuously evolving 🌀 and every day we find ourselves at the forefront of exciting developments 🧩 that shape the future of trade and logistics. We aim to ultimately bring to you a collection of news pieces and articles 📰 that justify the aforesaid perception of the supply chain ecosystem.
DP World has signed multiple MoUs worth INR 25,000 crores with the Government of Gujarat, covering the development of new ports, terminals, and economic zones, strengthening its commitment to supporting trade in a growing Indian state. Signed at Gandhinagar, during Vibrant Gujarat Global Summit 2024, the MoUs highlight Gujarat’s prowess as a role model of development and the Growth Engine of the nation while leveraging its logistics and maritime infrastructure.
Constructed by a Nantong-based company, the OOCL Valencia boasts impressive specifications, including a capacity to carry 24,188 twenty-foot container boxes. With a total length of 399.99 meters and a breadth of 61.3 meters, this ship exemplifies China's cutting-edge shipbuilding capabilities.
With water levels 6 feet below normal, the Panama Canal Authority has implemented stringent restrictions reminiscent of the 1989 closure during the US invasion of Panama. Despite a rainier November providing temporary relief, the canal still operates far below its pre-drought capacity, leading to increased costs and delays for shippers.
The green signal for international cargo services came in the first week of January, resolving a minor technical glitch. Customs department officials inspected the airport facility in December, and although a few permissions were still pending, the services have been given the green light.
Recommended by LinkedIn
Boeing, a global aviation giant, has officially inaugurated its Boeing India Distribution Centre in Khurja, Uttar Pradesh, marking a significant stride in its commitment to the thriving Indian aviation market. This 36,000-square-foot state-of-the-art parts warehouse is poised to play a pivotal role in supporting regional aviation customers, emphasizing Boeing's dedication to providing efficient, cost-effective, and local solutions.
The ambitious initiative goes beyond borders, as Kabil gears up to establish a branch office right at the heart of Argentina's lithium-rich landscape in Catamarca. The venture comes with an estimated project cost of 200 crore, underlining the scale and commitment of India's foray into the global lithium market.
Jaishankar, articulating India's strategic interests, expressed a keen desire to finalize a comprehensive and enduring cooperation agreement with Iran. Notably, he reaffirmed India's unwavering commitment to the developmental obligations of the Chabahar Port Development project, underlining the significance of an all-encompassing partnership with Iran.
Bonus Read 🎰