Gujarat emerges as the Growth Engine of India with 33% Export share
AHMEDABAD : Gujarat Industries Minister Shri Balvantsinh Rajput has said that Gujarat boasts a remarkable 33% share in exports and contributes 18% to the total production of the
Gujarat invests ₹50 Crore in Submarine for Advancing Under-Sea Tourism
GANDHINAGAR : The Gujarat government is set to introduce an innovative under-sea tourism experience by acquiring a ₹50-crore submarine designed to transport passengers to Beyt Dwarka, a small
India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters
FMC granting ‘special permission authority’ for Red Sea diversion freight hikes
WASHINGTON : The hostilities in the Red Sea will likely be igniting other battles, albeit of a commercial rather than military nature, as container lines seek hefty rate
Shanghai retains the world’s busiest container port crown in 2023
SHANGHAI : The Chinese Port of Shanghai maintained the title as the world’s busiest container port in 2023 with a 3.6% increase in volumes. Container volume at Shanghai
Indian Railways achieve 1154.67 MT freight loading till December, 2023
NEW DELHI : On cumulative basis from April – December 2023, freight loading of 1154.67 MT was achieved against last year loading of 1109.38 MT, an improvement of
26 shipping lines sign up in Container Deposit Refund System
PHILIPPINES : Twenty-six shipping lines are now signed up with Container Ledger Account (CLA), an online system that aims to simplify and speed up container deposit refund. New
CMA CGM announces new FAK rates from Asia to Med and North Europe
MARSEILLE : The French carrier, CMA CGM implemented new Freight All Kinds (FAK) rates as follows from 15 January 2024 (date of loading in the origin ports) until further
OOCL expands fleet with introduction of 24,000 TEU mega vessel
SINGAPORE : Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL
AD Ports Group and Red Sea Port Authority Initial 15-Year Concession Agreement to Boost Cruise Touri
CAIRO : AD Ports Group, a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to
