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
Gujarat to host pre-vibrant event ‘Leveraging Logistic Strength of Gujarat for Agro & Food Processing Sector’ on Thursday
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’ is scheduled to be held on
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 Delhi-NCR, its first project in the
DGFT issued Trade Notice on Amnesty Scheme for Resolving Export Obligation Defaults under Advance Authorisation and EPCG Schemes
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 Advance Authorisation and EPCG Schemes where