Surging shipping rates pose new headwind for the global economy
Just a few weeks ago, the bottlenecks at ports from Singapore to Los Angeles and Rotterdam were looking like short-term headaches and added costs during peak season. Now they’re threatening to act more like
Exports grow after 3 months in Dec, Gold imports widen trade gap to above 2 year high
NEW DELHI: India’s exports in December returned to the positive territory after three months even as the country’s trade deficit swelled to a 25-month high on high imports of non-oil goods especially gold. Buoyed
Number-two ocean carrier Msc joins partnership on Hydrogen Fuel
Joining global shipping giants like NYK and CMA CGM, number-two ocean carrier MSC has recently joined the Hydrogen Council. MSC joined as a steering member, vowing to accelerate R&D on clean hydrogen-derived fuels. Other
OOCL reports all-round growth for Q4 & calendar year
For the fourth quarter ended December 31, 2020, OOCL’s total volumes were 23.7% up from the same period last year. Total revenues increased by 51.2% to $2,423 million. Loadable capacity increased by 17.5%. The
CBIC notifies Waiver of Bank Guarantee for Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) notified the waiver of Bank Guarantee for Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh. The CBIC has received the
Höegh provides expert solution for critical breakbulk equipment
Höegh provides expert solution for critical breakbulk equipment When Om Freight Forwarders needed support to transport critical components in the oil and gas industry quickly and safely from India to Colombia, they turned to
Capt. B. K. Tyagi assumes charge as Director (L&PS), SCI
Capt. Binesh Kumar Tyagi has taken over as Director, Liner and Passenger Services (L&PS), Shipping Corporation of India (SCI) on January 8, 2021, informed an official communiqué. In his distinguished career spanning over 30
New FTP 2021-26 from 1st April, Expert Committee holds discussion
NEW DELHI: Meeting of the Parliamentary Consultative Committee of the Ministry of Commerce and Industry was held on the subject “New Foreign Trade Policy 2021-26”. The meeting was chaired by the Minister of State