Hyundai Steel’s first LNG-powered ship makes maiden voyage
Hyundai Steel Co., South Korea’s No. 2 steelmaker, said that its first liquefied natural gas (LNG)-powered ship made its maiden voyage for the overseas transport of raw materials. The eco-friendly ship, named HL Oceanic,
Japan – US box trade declines for first time after February
Container exports from Japan to the United States in October decreased by 1.9% over the same month of last year to 43,823TEU, which translates to the first year-on-year contraction in eight months since February, according
Why the next Electric Battery Boom may be in Cargo Ships
The dozens of diesel-operated cargo ships floating off the coasts of Los Angeles and Long Beach in California aren’t just emblematic of the snarled supply chain. They’re contributing to the 1 billion metric tons
AD Ports Group, Diyar Al Muharraq, and Eagle Hills Diyar Company Collaborate to Accelerate Gulf Crui…
ABU DHABI : As part of its continued efforts to elevate the Arabian Gulf’s cruise business to new heights, AD Ports Group has inked an initial agreement with Diyar Al Muharraq and the Eagle
Formation of groups to address specific challenges faced by exports sector with regard to banking: D…
MUMBAI : Speaking at the “Banking Conclave on Exports” organised by FIEO in Mumbai, the Union Minister of State for Finance, Dr Bhagwat Kishanrao Karad highlighted the importance and role of the banking sector
PHD chamber urges GST Council to rationalise rates in next meeting
NEW DELHI : Industry body PHDCCI on Saturday urged the GST Council to rationalise rates, stating that the current rates are not in sync with the demand creation and employment generation in the country. Pradeep Multani,
Container rates confine exports
AHMEDABAD : High ocean freight prices coupled with container and vessel shortage continue to haunt exporters as the spike in shipping costs has taken a toll on exports of several goods. These include low-value
Shippers prepare for another pandemic crunch of holiday gifts
NEW YORK : Nearly 3.4 billion parcels are expected to crisscross the country this holiday season, representing an estimated increase of about 400 million compared to last year. The last holiday season was far