Maersk sees congestion in Asia and Mediterranean ports

05 Jun 2024 CW Team

The Danish shipping company Maersk stated in a statement that it is experiencing severe terminal congestion in ports in Asia and the Mediterranean, which is seriously delaying its vessel timetable. The second-largest container shipping firm in the world will forgo two westbound sailings from China and South Korea that were scheduled to depart in early July due to the congestion, the business stated. Maersk's warning coincides with a rise in expenses and cascading delays in global supply chains brought on by Houthi rebel strikes on commercial boats close to the Suez Canal in Yemen. For safety reasons, major ocean carriers such as Maersk, MSC, and Hapag-Lloyd have relocated their ships to the longer route that circumnavigates Africa. According to Linerlytica, Singapore, which is home to the second-largest container harbour in the world, is the most recent country to experience congestion. Additionally, data from that company indicated port congestion in China, Dubai, Spain, and the US. High winds and adverse weather have impacted cargo movements at Chinese ports, maritime experts told Reuters. According to Lynerlytica, the abrupt increase in cargo demand as well as ongoing interruptions brought on by ships diverting from the Red Sea are the main causes of the growing congestion in Singapore and Dubai's Jebel Ali ports. Containers are being offloaded from ultra-large ships from the Far East at western Mediterranean ports like Barcelona and reloaded onto smaller vessels that are sailing to central and eastern Mediterranean ports, their eventual destinations.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..