Maersk signs first green methanol deal in step towards dropping fossil fuels
COPENHAGEN : A.P. Moller-Maersk (MAERSK.CO) said it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023. With about 90% of world trade
Exporters likely to move CCI on ‘cartelisation’ in Shipping industry
MUMBAI : Baffled by the increase in logistical costs and short supply of containers, which are making business uncompetitive, a group of exporters are gearing up to approach the Competition Commission of India (CCI)
CBIC aims to remove roadblocks for faster clearance of export goods
NEW DELHI : After Prime Minister Shri Narendra Modi’s meeting on boosting exports, the Central Board of Indirect Taxes and Customs (CBIC) is preparing to remove roadblocks for faster export shipment clearance. “There should
Three-fold hike in Ocean freight rates in six months hits exporters hard
NEW DELHI : Ludhiana In a pandemic-ridden world, all natural elements appear to have ganged up against Ludhiana’s industry. After braving a crippling goods train stoppage just a few months ago, transporting shipments over
RoDTEP scheme: Exporters to benefit in new orders; pharma seeks sops
NEW DELHI : The government has announced a Rs 12,400-crore outlay for the Remission of Duties and Taxes on Exported Products (RoDTEP) export promotion scheme.The Commerce Department announced that new export refund rates under RoDTEP
Closure of ICDs, CFSs to be concluded in 4 months: CBIC to customs officers
NEW DELHI : The CBIC streamlined the closure procedure of Inland Container Depots (ICDs) and container freight stations (CFSs), mandating customs officers to allow closure of these facilities within four months. ICDs and CFS
Taliban stop exports, imports from India: FIEO
NEW DELHI : The Federation of Indian Export Organisation (FIEO) on Wednesday said the Taliban—who on Sunday seized control of Afghanistan’s capital Kabul after over two decades again—have stopped all imports and exports with
OOCL Logistics Launches Innovative Shipping Route to Solve Shipper’s Bottleneck Woes
Imagine the outcomes if your logistics provider revealed that every shipping window from Asia for the foreseeable future would be pushed back to more than double its “normal” duration. Unfortunately, these times are upon