Rice exports cross record $11 bn in FY23
NEW DELHI : India’s rice exports have crossed a record $11 billion in 2022-23, an increase of 16% from FY22. The volume of shipment, however, remained around the
CMA CGM offers to buy Bollore Logistics for $5.5 billion
MARSEILLE : CMA CGM SA has entered exclusive talks to buy Bollore SE’s logistics arm for an enterprise value of €5 billion ($5.5 billion), in a sign shipping
PIL : Successful delivery of ISO tank containers from Nansha to Port Kuching
SINGAPORE : Testament to its operational efficiencies and capabilities, PIL has successfully delivered a special cargo of two ISO tank containers with TSD racks from Nansha, China to
AD Ports celebrates launch of new Khalifa-Kuwait shipping route
ABU DHABI : Container vessel SAFEEN Pride has arrived at Shuwaikh Port in Kuwait, marking the launch of AD Ports Group’s new weekly container and Ro-Ro service between
Nippon Express in talks to buy Logistics firm Cargo-Partner
TOKYO : Nippon Express Holdings Inc. is in talks to buy Austrian logistics provider Cargo-Partner GmbH, people with knowledge of the matter said. The parties are negotiating terms of a
Container spot rates on a ‘likely recovery path’: HSBC
LONDON : Spot container freight rates have stabilised and HSBC Global Research notes sign of a recovery in its latest report. n its Global Freight Monitor HSBC noted
Port of Antwerp-Bruges throughput hit by macroeconomics, war
ANTWERP : First quarter throughput at the Port of Antwerp-Bruges dropped by 4.5% on-year, reflecting changing European trade flows. The port said that Q1 throughput of 68.7m tonnes
Sarbananda Sonowal approves development of Oil Jetty at Deendayal Port for Rs.123.40 Crore
NEW DELHI : Union Minister for Ports, Shipping & Waterways and AYUSH Sarbananda Sonowal approved the project of Development of Oil Jetty No.09 at Deendayal Port, Kandla to
PM Gatishakti NMP evaluates 76 key Central infra projects which leads to cost savings of Rs 5.14 lak
NEW DELHI : The PM Gatishakti National Master Plan (NMP) has completed the evaluation of 76 central government key infrastructure projects relating to railways, roads and transport, etc.
DGFT lays out procedure for exporters to apply for amnesty scheme
NEW DELHI : The commerce ministry on Monday laid out a procedure for applying for amnesty scheme for one-time settlement of default in export obligation by certain exporters.
