Allcargo Logistics net grows over 3-folds to Rs 106 cr in June quarter
MUMBAI : Allcargo Logistics’ net profit surged over three-folds to Rs 106 crore in the June 2021 quarter over the same month a year ago, helped by volume growth and transformation initiatives. The integrated
Apparel exports to major markets increasing at healthy pace : AEPC
NEW DELHI : Apparel exports to major markets such as the US, Europe, UK, Saudi Arabia, Canada, Japan, and Australia are recording healthy growth and the sector would contribute significantly in achieving India’s $400
Delhi High Court order on Shipping, Freight Station charges bites trade
NEW DELHI : The Delhi High Court has dealt a big blow to exporters reeling under skyrocketing container shipping rates by observing that the “State (government) has no direct causal connection” with the charges
Warehousing: Growth’s on a solid foundation
NEW DELHI : The warehousing sector in India has been on a high growth trajectory in recent years. Its first major stimulus came through the introduction of the GST regime in 2017, which saw
Dubai companies keen to obtain ‘Verified Exporter’ recognition
DUBAI : The ‘Verified Exporter’ programme launched by Dubai Industries & Exports (Dubai IE), the export promotion and industrial development agency of Dubai Economy, has seen 118 applications out of which 36 companies from 10
BGMEA wants more shipping lines for timely export
DHAKA : Bangladesh Garment Manufacturers and Exporters Association (BGMEA) requested global apparel buyers to nominate more shipping liners and off-docks to facilitate timely shipment of export containers. BGMEA President Mr. Faruque Hassan made the
Maersk Cancels Six Ningbo Calls as World Watches for China’s Next Move
COPENHAGEN : With no indication from the Chinese authorities as to the timeline or plan for the resumption of operations at the closed container terminal in the Ningbo-Zhoushan port complex, the shipping lines have
China’s Port Shutdown Raises Fears of Closures Worldwide
LOS ANGELES : A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s