Shipping industry urges governments to act on USD 5 billion decarbonisation fund
LONDON : The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not
Evergreen and Kaohsiung Port pilot IoT solutions
TAIWAN : Evergreen Marine Corporation is piloting the usage of Internet of Things (IoT) technology with Kaohsiung Port’s customs officials. Both sides are aiming to see how IoT technology can ensure the safety of
Forex reserves rise $3.07 billion to lifetime high of $608.08 billion
MUMBAI : Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The country’s foreign
Yantian Effect’ Could Cause Shortage of Goods as Freight Rates Set to Stay High
SHENZHEN : Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no longer viable to transport, according to
TCI enables mission critical Vaccine & Oxygen Logistics across India
GURUGRAM : With large parts of the country facing oxygen scarcity in this pandemic, logistics and distribution remain one of the major bottlenecks besides production. Transport Corporation of India (TCI) said that it has stepped
TradeLens Digital Shipping Platform Adoption Grows in China
Within a month of announcing general availability of the TradeLens platform in China, more than 10 new members have joined the ecosystem to digitize paper-based processes and improve the visibility for Chinese companies into
Mystic Shipping handled first ever shipment of Organic Soyabean Meal from India to Baltimore,US at Deendayal Port
GANDHIDHAM : Mystic Shipping Pvt Ltd. (MSPL) handled first ever shipment of organic soyabean meal in bulk at Deendayal Port .The vessel MV IKAN PULAS, which arrived in the end of last month May,2021
Bangladesh is now among India’s top 5 export destinations
DHAKA : Bangladesh has surpassed Hong Kong to become India’s fourth biggest export destination in the first three months of the current calendar year, and climbed four notches to fare in the country’s top