IMF raises India’s Growth forecast to 6.3% for FY24
NEW DELHI / LONDON : The International Monetary Fund has raised India’s growth forecast on higher consumption even as the global economy is estimated to slow down. The
With 8% growth, India’s contribution to global GDP would almost be on par with China by 2028 :
NEW DELHI : In order for India to become the biggest driver for global growth, even overtaking China, it would need to target an 8 percent growth, according
WCO participates in 2023 FIATA World Congress – Fostering Collaboration and Advancing Trade
BRUSSELS : From 3 to 6 October 2023, the WCO actively participated in the 2023 FIATA World Congress. The International Federation of Freight Forwarders Associations (FIATA), a Member
Jiangnan Shipyard delivered the world’s largest 24,000 TEU ultra-large container ship
BEIJING : On October 9, “MSC CHINA“, the last of the world’s largest 24116 TEU ultra-large container ship series built by Jiangnan Shipyard and China Shipbuilding Trading for CSSC Shipping and MSC, was delivered
Hapag-Lloyd revises INDAMEX 2 Service rotation
HAMBURG : Hapag-Lloyd has decided to discontinue its vessel calls at Norfolk, US on its INDAMEX 2 (IN2) Service, effective from November 2023. The updated IN2 service port
CMA CGM axes Chittagong call due to lower demand and port restrictions
MARSEILLE : CMA CGM has halted a direct call out of Bangladesh’s Chittagong Port which it began in April – the latest sign of continuing carrier network changes
Advisory for Trade regarding Check introduced for the Shipping Bill in reference to Nature of Contra
NEW DELHI : The Directorate General of Systems and Data Management, CBIC has issued an Advisory dated October 06, 2023, for Trade regarding the Check introduced for the Shipping Bill
DGFT releases detailed procedure for the Automatic System-Based Issuance of Status Holder Certificat
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 28/2023-24 dated October 9, 2023, outlining the detailed procedure for the automatic system-based issuance
Vado-Verona Porta Nuova rail connection launched : APM Terminals
VERONA (ITALY) : A new rail connection between the container and reefer terminals in Vado Ligure and Verona Porta Nuova inland port has been established. The twice weekly
MOL, MCSI introduce new LNG carrier company
JAKARTA : Mitsui O.S.K. Lines, Ltd. (MOL) and PT MCS International (MCSI) have established a new joint-venture LNG carrier manning company in Indonesia. The joint venture intends to
