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The fourth quarter 2023 industrial real estate vacancy rate headed up to end the year, according to research issued by Chicago-based Cushman & Wakefield earlier this month.
Rising 0.6%, to 5.2%, the firm reported in its “Industrial Q4 2023” report that the decrease was driven by the pairing of muted demand and speculative constructions persisting at a healthy rate. What’s more, it added that this marks the first time the industrial vacancy rate has been above 5% going back to the…
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Indian exporters face rising costs after Houthi Red Sea attacks Reuters India
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Rob O’Dwyer Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.
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Author: Kamal KumarMon, 15 Jan 2024 09:15 PM (IST)Source:JNDExternal Affairs Minister S Jaishankar on Monday conveyed India’s concerns about the increasing pirate and militia attacks on the cargo ships in the Indian Ocean, while addressing a joint statement with his Iranian counterpart Hossein Amirabdollahian in Tehran. “As you are all aware, there has also been recently a perceptible increase in threats to the safety of maritime commercial traffic in this important part of the Indian…
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A crew member of the detained Vietnamese cargo ship MV Debi attempted suicide on Sunday at the Paradip port in Odisha. The incident happened while the ship, which is under investigation after cocaine worth Rs 220 crore was found on December 1, was anchored 4-5 kilometres from the port.
The third engineer on board, a Vietnamese national, jumped into the sea after cutting off his right hand. The crew member was rescued and taken to the Port Authority Hospital in Paradip. He was then moved…
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PAMCO adds Logiport Osan to its KRW 1.7 trillion portfolio. (Image: Heerim Architects)
LaSalle Investment Management has sold a logistics facility on the outskirts of Seoul, South Korea to local fund manager Pacific Asset Management Co. (PAMCO) for KRW 125 billion ($95 million).
LaSalle sold the 39,927 square metre (429,770 square foot) Logiport Osan Logistics Centre in Gyeonggi province, managed by its Logiport logistics arm, in a deal completed this month, according to disclosures seen by…
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Mumbai Trans Harbour Link (MTHL) is now open to the public: All you need to know Overdrive
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UK: CRH subsidiary Tarmac has successfully deployed France-based software developer Everysens’ Transport Visibility & Management System (TVMS) in its total operations processing system (TOPS) for rail transport. The TVMS digitally tracks trains, enabling the customer to measure performance, analyse patterns and ensure smooth anticipation and collaboration between stakeholders. Tarmac expects the upgrade to streamline its delivery monitoring and also allow for proactive…
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Source: https://www.globalcement.com/news/item/16819-tarmac-digitises-its-rail-logistics-with-everysens
A crew member of a bulk carrier from where cocaine worth ₹220 crore was seized after its arrival at Paradip port in Odisha in November last year allegedly tried to die by suicide by jumping off the deck on Sunday. Customs officials seized more than 20 kg of cocaine from the Panama registered ship during the intervening night of November 30 and December 1. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Officials said the Vietnam national,…
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United Heavy Transport (UHT) and Dongbang Transport Logistics (Dongbang) have signed a Memorandum of Understanding (MoU) to combine expertise in heavy lift vessels and heavy transport vessels. The two companies joined forces in a new strategic alliance which will lead to a long and tight-knit cooperation.
The MOU symbolises the integration of UHT’s heavy-lift expertise and Dongbang’s mastery of open deck carrier operations.
“In this strategic alliance, UHT in conjunction with United…
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