NEW DELHI : India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the Deputy IT Minister said in government
AHMEDABAD : The engineering sector in Gujarat saw exports grow despite negative global factors such as high inflation and the Ukraine-Russia war. The Indian engineering industry registered exports worth $69 billion in April to December 2022,
NEW DELHI : Russia and Saudi Arabia are preventing a steep fall in exports of engineering goods from India. Thanks, at least partly, to these two countries, engineering goods exports this year are expected to exceed the achievement of
COPENHAGEN : Maersk decided to temporarily remove the Port of Oakland from the WCCA 2 Service port rotation. The Danish company said it took this action to maintain schedule reliability. The Oakland call removal
NEW YORK : A recession is likely to hit the US Economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests. The economic indicator, which Rosenberg calls the “full model,”
MARSEILLE : Kalmar and CMA CGM’s subsidiary CMA Terminals have reached an agreement for the supply of three Kalmar hybrid straddle carriers to SAMR, a terminal located on Réunion Island. The order was registered
LONDON : The 10th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 10) was held from 5 to 9 February 2024. A comprehensive revision of the STCW Convention and Code
FRANCE : Airseas, the French company with the lofty goal of helping to propel cargo ships with giant kites, ended 2023 with successful sea trials. It’s the next step toward the ultimate goal of outfitting
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include
LONDON : The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and panamax vessels rates. The overall index, which factors in rates for capesize,
