Hapag-Lloyd announces updates on India Ocean Service
HAMBURG : Hapag-Lloyd has decided to change the port rotation of its Indian Ocean Service (IOS). The Hamburg-based ocean carrier’s service will now have the following port rotation:
Gold and silver import from UAE jumps 210%, need duty revision in FTA : GTRI
NEW DELHI : India’s gold and silver imports from its Free Trade Agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there
$6,193 mn loss, agriculture export ban hurting farmers
NEW DELHI : Despite a record-breaking harvest and a significant increase of nearly 14.1 million tonne in foodgrain production, farmers continue to face distress, thanks to the ban
Spot rate growth slows but ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from
Essar to invest Rs 30,000 Cr in green hydrogen plant in Gujarat over 4 yrs
MUMBAI : Essar Group plans to invest Rs 30,000 crore over the next four years in setting up a green hydrogen plant at Jamnagar in Gujarat as the
Indian textile exports surge 9.59% in May 2024, overcoming global challenges
NEW DELHI : Despite unfavourable economic conditions in major markets such as the European Union (EU), the US, and West Asian nations, Indian textile exports grew by 9.59
Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the
DPIIT organizes Workshop with Flipkart and Indian Toy Industry
NEW DELHI : In line with the objective of providing an impetus to the growing Indian toy sector, DPIIT organised a “Workshop with Flipkart and Indian Toy Industry”
Container spot rate growth set to rise further and ocean container shipping market will remain extr
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data
Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push