New levels of disruption affecting global trade
A few weeks into a very substantial port congestion in Yantian caused by a Covid-19 outbreak, supply chain disruptions continue to be very present in global trade. COPENHAGEN : After a six-day stop on
AEPC seeks separate export policy
MUMBAI : Apparel Export Promotion Council (AEPC) has urged the state government to create a separate export policy for Tamil Nadu. AEPC chairman A Sakthivel, who met state industries minister Thangam Thennarasu in Chennai
CMA CGM updates BSMAR service
MERSEILLE : CMA CGM has announced the enhancement of its BSMAR service connecting Black Sea and Turkey with Morocco, as from June 2021. The French carrier said that the transit and lead times will
Lockdown may be easing, but box and capacity shortages still hobbling Indian exports
NEW DELHI : India may be slowly easing out of lockdown, but limits on factory production and tight air and sea freight capacity are still jeopardising exports – particularly to the US. Covid restrictions
MOL towards a greener future
TOKYO : Mitsui OSK Lines has announced the establishment of “MOL Group Environmental Vision 2.1” as a guide to achieve net zero greenhouse gas emissions by 2050. MOL strives to reduce GHG emissions generated
Shipping industry urges governments to act on USD 5 billion decarbonisation fund
LONDON : The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not
Evergreen and Kaohsiung Port pilot IoT solutions
TAIWAN : Evergreen Marine Corporation is piloting the usage of Internet of Things (IoT) technology with Kaohsiung Port’s customs officials. Both sides are aiming to see how IoT technology can ensure the safety of
Forex reserves rise $3.07 billion to lifetime high of $608.08 billion
MUMBAI : Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The country’s foreign