Shipping, allied industries battle choppy waters as margins sink
MUMBAI : Shipping and allied industries are bracing for a rough patch with depleting margins as freight rates are falling to pre-Covid levels or even lower in certain
Indian delegation explores investment opportunities in South Africa and Botswana
JOHANNESBURG : A multi-product Indian business delegation on a five-day visit to South Africa and neighbouring Botswana has been well-received by potential partners for trade and investment in both
Customs duty full exemption for all imported drugs & Food for Special Medical Purposes for pers
NEW DELHI : The Central Government has given full exemption from basic customs duty on all drugs and Food for Special Medical Purposes imported for personal use for treatment of
Maruti Suzuki achieves 2.5 million unit exports milestone
NEW DELHI : Maruti Suzuki has hit an important milestone of exporting 2.5 million units to various countries across the globe. Its export portfolio includes 16 models, including
CMA CGM adds Indian Subcontinent to congestion surcharge destinations from Mersin
MARSEILLE : CMA CGM has announced a port congestion surcharge from Mersin, Turkey to the Indian Subcontinent due to current delays in the Turkish port. After CMA CGM’s congestion
MSC introduces AGL, a logistics business at the Heart of Africa’s Transformation
GENEVA : MSC has reinforced its continuous investment in Africa with the introduction of the AGL brand. Standing for “Africa Global Logistics”, AGL is the new name for
DP World Southampton breaks its all-time vessel container handling record
SOUTHAMPTON : DP World Southampton has broken its all-time vessel container handling record after a ship carrying more than 9,000 TEU called at the logistics hub. The Ocean
A.P. Moller Capital buys South Africa’s leading frozen logistics operator Vector Logistics
COPENHAGEN : A.P. Moller Capital has announced the acquisition of South African frozen logistics operator Vector Logistics from RCL Foods. Vector Logistics provides multi-temperature warehousing and distribution, supply
GSBN signs MoU with SABIC, COSCO SHIPPING, Hutchison Ports and PSA to enable paperless trade
SINGAPORE : Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted platform designed to redefine global trade, shipper Saudi Basic Industries Corporation (SABIC), carrier
Unions grill Maersk over labour violations at Copenhagen AGM
COPENHAGEN : Trade unions representing employees of the world’s largest listed shipping company are in Copenhagen today to take their labour message direct to Maersk headquarters as the