JS Customs highlights Customs initiatives and role of CBs in trade facilitation at FFFAI Foundation Day event
MUMBAI : On December 2nd, 2023, the Federation of Freight Forwarders’ Associations in India (FFFAI) celebrated its 62nd Foundation Day in a unique hybrid format, combining physical and virtual participation. The event took place
Maruti Suzuki announces Electric SUV to be manufactured in Gujarat
AHMEDABAD : Maruti Suzuki on December 6 announced that its upcoming Electric SUV will be manufactured in Gujarat, and a new plant will be added to the company’s existing manufacturing facility in Hansalpur, nearly 90 km
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 to North Europe/west Mediterranean FAK (freight
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 2019 respectively. On the other hand,
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 shoring and friend-shoring to improve prospects
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 signs of deflation, there is growing
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 ammonia ready LNG dual fueled vehicle
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 here. India and Panama have enjoyed a