AllCargo likely to bid for CONCOR stakes
Allcargo Logistics is showing interest to bid for the stakes in state-run Container Corp of India. The logistics provider, in order to make the purchase successful, is also
Indo-Bangla Trade time through Petrapole land port extended
KOLKATA: The Customs Department has extended the timing of trade between India and Bangladesh through West Bengal’s Petrapole land port by another three hours till 11 pm every
CMA CGM Group posts $1.75 bn net profit in 2020,driven by robust momentum in International trade
The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met last week under the chairmanship of Mr Rodolphe Saadé, Chairman and
Exporters benefit scheme RoDTEP stuck in inter-ministerial tangle
The proposed Remission of Duties and Taxes on Exported Products (RoDTEP) scheme seems to be stuck in an inter-ministerial tangle. According to reports, the scheme benefits may not
CMA CGM AIR CARGO made first flight on March 8 from Liege to Chicago
Start of commercial operations for CMA CGM AIR CARGO’s first Airbus A330-200F Opening of a regular route between Liege and Chicago on March 8 The fleet will be
Port of Antwerp sees strong growth in Reefer segment in 2020
ANTWERP: The reefer market saw worldwide growth in 2020. The port of Antwerp outperformed the global trend in this market segment with its growth figures. The increased volume
India’s Crude Import Strategy to Benefit the Tanker Market
An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker
Adani Ports wins Rs310 crore dredging deal from Deendayal Port Trust
Adani Ports and Special Economic Zone Ltd (APSEZ) has won a dredging contract valued at Rs 310 crore from Centre-run Deendayal Port Trust in Kandla,Gujarat. India’s biggest private
Adani Ports’ Credit Profile Not Affected by Gangavaram Port Acquisition
There is no credit impact on Adani Ports and Special Economic Zone Limited (APSEZ, BBB-/Negative, underlying credit profile: bbb) from its proposed acquisition of a minority 31.5% stake
Tax cuts on fuels can reprieve the road freight segment
Struggling to make a come back after being hit by the pandemic, the road freight segment is now grappling with the ever-increasing high diesel prices. As per reports,
