Maersk sees congestion in Asian ports

07 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.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..