CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and
Supply chain diversification could help India and other emerging markets: Fitch Ratings
NEW YORK : Supply chain diversification will help economies like India contribute more to global trade, Fitch Ratings said in a report released Wednesday, as it projected near
China’s export dominance is getting stronger, not weaker
BEIJING : Negative views on China’s economy are easy to come by these days. Beyond headlines about defaulting property developers, record youth unemployment, slowing economic growth and increasing
ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers
SHANGHAI : ClassNK has issued Approvals in Principle (AiPs) for three vehicle carrier designs developed by Shanghai Merchant Ship Design & Research Institute (SDARI). The first AiP acknowledges an
India & Panama sign MoU to enhance cooperation in the training of diplomats
INDORE : External Affairs Minister Dr. Subrahmanyam Jaishankar signed an MoU to enhance cooperation in the training of diplomats during his bilateral meeting with Panamanian Foreign Minister Ms. Janaina Tevane Mencomo
Gujarat to host pre-vibrant event ‘Leveraging Logistic Strength of Gujarat for Agro & Food Pr
GANDHINAGAR : As a precursor to the 10th Vibrant Gujarat Global Summit 2024, a pre-Vibrant Seminar on ‘Leveraging Logistic Strength of Gujarat for Agro & Food Processing Sector’
US-based Panattoni to invest Rs 110 cr for first warehousing park in India
BENGALURU : US-based Panattoni, a global leader in industrial and logistics real estate development, will invest Rs 110 crore by March 2025 to develop a warehouse park in
DGFT issued Trade Notice on Amnesty Scheme for Resolving Export Obligation Defaults under Advance Au
NEW DELHI : The DGFT issued Trade Notice No. 35/2023-24 dated December 05, 2023, concerning the Amnesty Scheme for the closure of cases of default in Export Obligation under
Adani International Container Terminal becomes first terminal to handle over 3 lakh containers in a
MUNDRA : The joint venture at Adani Ports and SEZ in Mundra, Adani International Container Terminal Private Limited (AICTPL), has become the first terminal in India to handle