New tax refund scheme for exports faces US, EU action
NEW DELHI : At least two Indian products are facing anti-subsidy action in the form of countervailing duty (CVD) in the US and EU due to their use of Remission of Duties or Taxes
FedEx delivered over $80 Billion in direct impact to the Global Economy in FY 2023: Annual Economic Impact Report
MUMBAI : FedEx Corp. released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023). Produced in consultation with Dun & Bradstreet, a
CMA CGM, World’s no. 3 container carrier warns against price war
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump. “New
Solar-powered cruise ships to operate on Saryu River in Ayodhya
AYODHYA : Vikas Malviya, the Director of Varanasi-based Alaknanda Cruise, said that his company will offer the service. Equipped with state-of-the-art facilities, the ‘Ramayana’ vessels will aim to spread the knowledge of Lord Ram’s childhood, his
Mawani, CMA CGM Group launch $129 million logistics park at Jeddah Islamic Port
RIYADH : The Saudi Ports Authority ‘Mawani’ and CMA CGM on Wednesday launched a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square metres and an investment value nearing
The Port of Felixstowe hosted its deepest container ship
FELIXSTOWE : A container ship has set a new record for the deepest draft, or maximum depth of a vessel, to call at the Port of Felixstowe. The Mumbai Maersk entered the port on
MSC and Ferrovie dello Stato Italiane sign MoU on development of Intermodal Hubs across Italy
GENEVA : MSC and FS Italiane have agreed to form a new company specializing in intermodal transport and logistics, to design, build and operate new cargo terminals at sites controlled by the two groups
Bolloré Logistics and Sarcona to use electric truck for the last mile delivery in New York
NEW YORK : Bolloré Logistics and its partner Sarcona will launch a new sustainable logistics service with the commissioning of an electric truck to deliver the last mile between New Jersey and New York
cargo-partner joins United Nations Global Compact
NEW YORK : Global transportation and logistics provider cargo-partner has joined the UN Global Compact, a United Nations project that encourages businesses throughout the world to adopt and report on sustainable and socially responsible
Concordia Damen: Trial run of World’s first new-build hydrogen-powered inland shipping vessel ‘WEVA’ goes well
AMSTERDAM : Lenten Scheepvaart (the Netherlands) will go down in history as the owner of the world’s first-ever newbuild hydrogen-powered inland shipping barge. With this, the shipping company sets a new standard. An important