Gujarat signs 6 MoUs for vehicle-scrapping units
GANDHINAGAR : On the day the Centre rolled out the vehicle scrapping policy and Voluntary Vehicle Fleet Modernization Programme (V-VMP), the Gujarat government signed six MOUs (Memoranda of Understanding) with private companies to support
PSA Mumbai Welcomes Maersk’s Upsized ME2 Mediterranean Service
MUMBAI : PSA Mumbai welcomed the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100-TEU “Maersk Gibraltar” on 12th August 2021. The ME2 marks PSA Mumbai’s eighth weekly call and
DBS Bank India partners with ODeX to provide hassle-free credit solutions to freight forwarders
MUMBAI : DBS Bank India announced that it has partnered with ODeX, one of India’s leading platforms to exchange shipping documents and facilitate payments, to introduce ODeX Pay Later Solutions powered by DBS. ODeX
DP World wants to revolutionize how ports operate
DUBAI : In Dubai’s Jebel Ali port, a new technology is being tested that aims to speed up, improve and automate the way shipping containers are stored, moved and shipped.Typically, at major ports, shipping
RoSCTL to enhance India’s share in global apparel & made-ups sectors : FIEO
NEW DELHI : Welcoming wholeheartedly the announcement of RoSCTL support for apparel & made-ups sectors, Dr A Sakthivel, President, FIEO said that this timely announcement, coming at a time when we are seeing buoyancy
Hapag-Lloyd’s H1 profit increases almost tenfold
HAMBURG : Hapag-Lloyd has achieved outstanding performance in financial terms during the first half of 2021, as it has benefitted from strong container demand and skyrocketing freight rates, according to the company’s CEO, Rolf Habben
Impressive order booking position to sustain exports growth albeit logistics challenges: FIEO President
NEW DELHI : Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 50 percent with USD 35.43 billion over FY’ 2020-21
CMA CGM applies new reefer surcharges worldwide
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion Surcharge (PCS) of US$1,000 per reefer