CONCOR hosts CMA CGM team
NEW DELHI : CONCOR had the privilege of hosting CMA CGM team, led by Mr. Philippe Alix – Director Intermodal, H.O Marseille, along with key officials from Dubai and India. During the meeting, CONCOR
India boosts partnership with Kuwait in Tech & Trade
NEW DELHI : India signed a Memorandum of Understanding (MoU) with Kuwait to set up a Joint Commission for Cooperation (JCC) at the level of Foreign Ministers, the Ministry of External Affairs (MEA) said.
CMA CGM postpones PSS from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US East Coast & US Gulf
MARSEILLE : CMA CGM postponed PSS charges which was supposed to implement from 15th December 2024 will now be implemented from 1st January 2025. Effective 1st January 2025 PSS of USD 1,500 per unit
NITI Aayog launches “Trade Watch Quarterly”
NEW DELHI ; The Vice Chairperson of NITI Aayog, Suman Bery released NITI Aayog’s latest publication analysing India’s trade statistics for the first quarter of the financial year 2024 (April to June), on 04th December
DP World recognized for Excellence in Four Categories at the 11th edition of CII Scale Awards 2024
NEW DELHI : DP World, a leading global provider of smart end-to-end supply chain logistics, won awards in four categories at the 11th edition of the prestigious CII Scale Awards 2024. The company was
CMAI warns of 100,000 job losses, MSME closures due to GST hike on apparel
NEW DELHI : The Clothing Manufacturers Association of India (CMAI) has raised concerns regarding the rate-rationalisation proposal put forward by the Group of Ministers (GoM), chaired by Bihar Deputy Chief Minister Samrat Chaudhary, which
PPP model key to foster skilled workforce in maritime sector: Kerala Minister
KOCHI : As the Public Private Partnership (PPP) model is effective for the progress of the state’s maritime sector, going by the experience of the Vizhinjam port, it will be considered for Kollam, Beypore
Global Ship Lease buys high-reefer containerships with 10-year financing committed
NEW YORK : New York-listed Global Ship Lease, a containership owner leasing ships to container shipping companies, has contracted to purchase four high-reefer 9,115-teu containerships with an average age of 8.5 years for an
Containership and oil tanker collide off the coast of Algeciras
ALGERICAS : Containership HMM St. Petersburg and oil tanker Gloria Maris collided off the coast of Algeciras, Spain, on 3 December. The incident occurred near the southeastern coast of Algeciras. The HMM St. Petersburg
Baltic index extends losses on weaker capesize rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize vessels. The index, which factors in