Suez chaos leaves shipping companies counting the ‘lost expenses’ cost
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be
Enviva and MOL explore GHG emissions reduction technologies for Biomass supply chain
Enviva, a global energy company specializing in sustainable wood bioenergy, and Mitsui O.S.K. Lines (MOL), a leading global marine transport group, today announced they have signed a memorandum
MSC Issues Update Following Suez’s Blockade Resolution
Further to our earlier communications, we are pleased to note the reopening of the Suez Canal late on 29 March and to update you on the status of
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m
Suez Canal accounts for $200 billion of trade for India, says Special Secretary Logistics
The Suez Canal blockage has finally come to an end with the massive container ship, Ever Given being refloated yesterday (March 29) after almost a week. The block
PM Modi & Bangladesh PM for Regional economic integration through Transit & Transhipment
DHAKA: Prime Ministers of Bangladesh and India emphasised the need for setting the stage for facilitating regional economic integration for the benefit of all the parties with enhancing
Maersk appoints Navneet Kapoor, CTIO to its Executive Board
The Board of Directors of A.P. Moller – Maersk has appointed Chief Technology & Information Officer (CTIO) Navneet Kapoor to its Executive Board with effect from 1 April
CBIC notifies new system for filing bill of entry for importers
The Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filling Bills of Entry (BE) for Import.Tax officials feel the new system will
DGFT extends deadline for track & trace system in pharma exports till April 1, 2022
The Directorate General of Foreign Trade (DGFT) has extended the deadline for implementation of the track and trace system in pharma exports till April 1, 2022. A public
Suez Canal blockage to have ripple effect on the container trade
Will aggravate the already global container imbalance and increase freight rates in the coming days It was a big relief for the global maritime trade as the container