Indian exporters stare at freight cost hikes as ships avoid Suez Canal
MUMBAI : Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions
APSEZ expands Strategic Partnership with MSC
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a second strategic partnership with Terminal Investment Limited (TiL), the container terminal operating and investing
BIMCO calls for immediate end to attacks on international shipping
LONDON : One month ago, a series of unprovoked attacks on merchant ships began in the Southern Red Sea, Bab El-Mandeb, Gulf of Aden and the Arabian Sea. It is widely believed the attacks
Exports seen to have declined 5% in 2023
NEW DELHI : India’s merchandise exports in 2023 would not buck the larger global trends and are set to contract 5.3%, according to an analysis by trade policy think tank. But the performance of
ICEDASH helps importers & exporters to compare the clearance times across Customs Ports and gives valuable inputs for logistics planning
NEW DELHI : The CBIC has launched ICEDASH to help importers and exporters to compare the clearance times across Customs Ports and gives valuable inputs for logistics planning. ICEDASH is the Ease of Doing
Essar to invest Rs 55,000 crore across Port, Power and Energy transition in Gujarat
GANDHINAGAR : Essar Group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition ahead of the Vibrant Gujarat Global Summit 2024 and create more
Centre cuts logistics costs to below 9% of GDP with higher state spending
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government
Indian Govt is likely to address inverted duty structure for certain products in Budget
NEW DELHI : The government is likely to address the issue of inverted duty structure for certain products in the forthcoming Budget to boost domestic manufacturing, an official said. Inverted duty structure refers to