NEW DELHI : The CBIC has issued Circular No. 11/2023-Customs dated May 17, 2023 regarding the amnesty scheme for one time settlement of default in export obligation by Advance and Export Promotion Capital Goods
TEHRAN : The Interior Ministry of Iraq issued a ban on U.S. dollar transactions across the country. Iraq is one among the 24 countries that have shown interest to join the BRICS alliance and accept the
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount
DHAKA : The operations at the Chittagong port, Bangladesh’s prime seaport, had remained suspended over two days as the super cyclone Mocha approached and crossed the country on Sunday, 15 May. The port authority
SEOUL : HMM is reportedly attempting to buy back the liquefied natural gas (LNG) shipping unit that South Korea’s flagship carrier divested back in 2014 when it began facing financial troubles. The LNG shipping
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding industry. The new non-vessel operating common
TOKYO : Οwner and founder of cargo-partner Mr. Stefan Krauter has decided to sell the Austrian global logistics firm to Japanese stock-listed Nippon Express Holdings, which is also the parent company of Nippon Express,
DENMARK : DSV is constructing two new warehouses totalling 175,000 sqm that will be powered entirely by on-site renewable energy. With more than 100,000 sqm of solar panels, DSV’s new facilities in Landskrona, Sweden,
LONDON : The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published on Tuesday, 16th May, 2023 – reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet
MUMBAI : The Ministry of Ports, Shipping and Waterways has cleared a plan to restructure the development of a marina at Princess Dock in Mumbai Port, sources said. The project, estimated to cost some
