Commerce Ministry shares list of items with ministries to cut imports
NEW DELHI : The Commerce Ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently such as coking coal, certain machinery, some chemicals, and digital cameras to different ministries to look
New online certification system puts exporters in a fix
NEW DELHI : After crossing $30 billion for seven successive months, India’s merchandise exports have hit a home-grown stumbling block in the first 10 days of this month — a new system mandating online issuance of
RBI chief Shaktikanta Das says,tax cut on fuels significantly positive for inflation management
NEW DELHI : Reserve Bank Governor Shaktikanta Das awared about upside risks to the 5.3 per cent inflation forecast for the current fiscal, saying the recent cut in excise duty on diesel and petrol
A.P. Moller – Maersk enters strategic partnership with Vestas on all containerised transport
COPENHAGEN : To serve the growing global market for sustainable energy solutions and protect profitability in an increasingly challenging global business environment for renewables, Vestas continuously looks for partners that can help mitigate negative impact
Russia-India coking coal deal unlikely to impact Panamax shipping
NEW DELHI : Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Drewry believes this trade will have
Wan Hai announces new budget for second-hand ship purchases
TAIWAN : Wan Hai Lines has launched another war chest for another round of second-hand ship acquisitions. The Taiwanese liner operator has set aside another US$200 million for more vessel purchases, after buying 12 ships with
CMA CGM adjusts overweight surcharge from China to Nigeria
MARSEILLES : The French shipping company CMA CGM has announced the adjustment of its overweight surcharge (OWS) in shipments from China to Nigeria. Particularly, the world’s third-largest carrier will revise its OWS for containers transferred from
19 countries sign declaration for ‘green shipping corridors’
NEW YORK : The Clydebank Declaration was launched at COP26 with 19 states with the aim to set zero-emission maritime routes between two or more ports. In a Mission Statement the signatories said they