Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for
Share of passenger vehicle output geared for export at 10-year low in 2023
NEW DELHI : The share of Passenger Vehicle (PV) exports relative to total production in India reached its lowest in a decade in 2023, notwithstanding the government’s ambitions to transform the country into a
UK’s National Grid seeks buyer for Europe’s biggest LNG terminal
KENT : British energy infrastructure operator National Grid (NG.L), opens new tab said on Thursday it is looking to sell its Grain liquefied natural gas (LNG) terminal in Britain, Europe’s largest such facility, in a bid
GTU students visits Exim Expertize to gather export – import knowledge
AHMEDABAD : Six MBA (International Business) students from Gujarat Technological University (GTU) broadened their understanding of international trade through their 2nd semester subject ( EXPORT IMPORT MANAGEMENT) Subject code:-2529301) under this students visit to
Smartphones emerge as India’s 4th largest exported items in FY24
NEW DELHI : According to latest data of Commerce Dept, smartphones are now the fourth-largest export item from India with 42 per cent growth to $15.6 billion in FY24, up by one notch in
Petronet LNG Q4 PAT rises 24% YoY to Rs 734 cr
NEW DELHI : The LNG(liquefied natural gas) importer’s consolidated net profit jumped 24.16% to Rs 734.07 crore in Q4 FY24 as compared with Rs 591.24 crore reported in Q4 FY23. During the quarter, revenue
LR approves Seaspan Corporation’s innovative Next Generation Feeder Ship Design
HONG KONG : Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Seaspan Corporation for its innovative Next Generation Feeder Ship Design (render pictured). The vessel, measuring 198 m in length and developed