[ NEW DELHI: India is looking at setting up an umbrella agency to formulate integrated transportation plans and drive the overall strategy across all modes of surface transport, railways, shipping and civil aviation at national level. The agency would be responsible for development and finalisation of 5-year and 25-year plans and their regular monitoring.TOI has … Read more
[ SINGAPORE: Oil prices rose more than 2% on Friday as the United States and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping in the Red Sea starting from late last year. Brent crude futures were up $1.81, or 2.3%, at $79.22 a … Read more
[ ISKANDAR PUTERI: Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), operator of transshipment hub the Port of Tanjung Pelepas in Johor, is expected to continue driving the development of the logistics and port sector in Malaysia. The MMC Group member said this was in line with the group’s commitment to invest almost RM26 billion over the … Read more
[ AP Moller-Maersk will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have caused one of the world’s main maritime trade routes to reduce crossings. The Panama Canal Authority (ACP) has reduced the amount and weight of vessels passing through based on … Read more
[ The U.S. on Monday announced a new maritime task force that will defend commercial ships from aggression in the Red Sea in an effort to thwart the Houthi rebel group, which has attacked merchant vessels and forced companies to suspend routes through the region. Defense Secretary Lloyd Austin said Operation Prosperity Guardian will be … Read more
