Airlines hit after India stops Covid vaccine exports
KENYA :The decision by India to halt the export of AstraZeneca vaccine has had an adverse impact on local freighters who had signed a contract with UNICEF for shipment of millions of doses. The
Maersk Calls for Carbon Tax on Ship Fuel
NEW YORK : The world’s largest container shipping line has called for a $150-a-ton carbon tax on shipping fuel that would drive up the costs for an industry that delivers 80% of world trade. A.P.
SAP Expanding World’s Largest Business Network
WALLDORF : At its global SAPPHIRE NOW® conference, SAP SE (NYSE: SAP) announced a bold vision to create new business communities able to improve business outcomes, better navigate changing economic and geopolitical conditions and enhance sustainability contributions. SAP unveiled the
Brazil bans disembarkation of international crew at its ports
BRAZIL : Brazil’s federal government has restricted the arrival in the country of foreign seafarers working onboard vessels or platforms to prevent the circulation of new Covid-19 strains in the country. The restriction came
Ever Given compensation battle stretches into June
EGYPT : A court hearing was postponed on Saturday as the two sides in the ongoing Ever Given saga in Egypt edge closer to resolving their differences on the scale of compensation to get the giant
The Suez Canal is being widened. Will it be enough to stop another ship getting stuck?
EGYPT : In March, world trade was thrown into chaos by a boat. The Ever Given, a container ship nearly as long as the Empire State Building is tall, ran aground in the Suez
SC stays HC order which removed GST on oxygen concentrators imported as ‘Gift’
The Ministry of Finance in an appeal said that the High Court encroached into policy by quashing the May 1 notification, which had imposed 12% IGST on concentrators imported for private use or as
AIMTC demands reduction in excise duty, VAT to help survive transport industry
NEW DELHI : Apex transporters” body AIMTC on Monday demanded reduction in excise duty by the Centre and cut in value added tax by states on diesel and petrol, and warned that if their demands are not met